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Mergers and Acquisitions Buyins and Buyouts

  • SINGAPORE/ MUMBAI, Nov 8- A Qatari investor sold its entire 5 percent stake in top Indian telecoms carrier Bharti Airtel on Wednesday for 96 billion rupees, adding to the sanctions-hit Gulf nation's recent stake sales in foreign companies. The sale comes at a time when other Qatari firms, including its sovereign wealth fund, are cutting stakes in foreign...

  • Nov 8- China's Tencent now holds a 12 percent stake in Snapchat operator Snap Inc, Snap said on Wednesday, turning over a 20 percent slide in the U.S. company's share price after badly received third quarter results. Snap's announcement of the stake taken by Tencent Holdings Ltd, one of China's biggest tech and investment firms and among the world's biggest video...

  • Nov 8- China's Tencent Holdings Ltd has bought a 12 percent stake in Snapchat parent Snap Inc, a regulatory filing showed on Wednesday. Snap said Tencent acquired 145.8 million shares of its non-voting Class A common stock through open market purchases this month. http://bit.ly/2zqvybE. Snap had about 1.2 billion shares outstanding.

  • SAO PAULO, Nov 7- Brazil's state-run oil company Petroleo Brasileiro SA said a federal court lifted an injunction related to the sale of its stakes in projects on the Iara and Lapa oil exploration areas, according to a statement on Tuesday. The injunction was blocking the sale of a 22.5 percent stake in the Iara field and a 35 percent stake in the Lapa field to Total...

  • *Agrees to buy 51 percent stake in Fujitsu PC unit. HONG KONG, Nov 2- Lenovo Group has agreed to buy a majority stake in Fujitsu Ltd's personal computer unit for up to $269 million, in a bid to corner a larger share of a market that is battling weak sales as more people switch to mobile devices. Lenovo said it would pay 17.85 billion yen in cash, and 2.55 billion- 12.75...

  • MUMBAI/ BENGALURU, Oct 31- Bharti Airtel Ltd said on Tuesday it had been approached by global investors interested in a controlling stake in its mobile masts unit Bharti Infratel Ltd.. India's largest phone carrier also reported its smallest quarterly profit in nearly five years, hurt by a price war. The news of the approach from unidentified investors comes a...

  • Petrobras, as Brazil's state-controlled oil company is known, will receive a first round of non-binding proposals for a 90 percent stake in Transportadora Associada de Gás SA, known as TAG, by the end of November, the people said. Other contenders for TAG, which owns 4,500 kilometers of natural gas pipelines in northeastern region of Brazil, include Abu Dhabi...

  • TOKYO/ SAN FRANCISCO, Oct 26- Seagate Technology PLC, a member of the group taking over Toshiba Corp's chip unit, pledged not to buy any stake in the unit for 10 years as part of the $18 billion deal, showed a document from group leader Bain Capital LP reviewed by Reuters. The pledge was made as Toshiba's chip joint venture partner Western Digital Corp objected to the...

  • NEW YORK, Oct 25- Independent wealth manager HighTower said on Wednesday it had sold a stake to private equity firm Thomas H. Lee Partners. In April, HighTower rival Focus Financial Partners said it sold a majority stake in its business to private equity investors KKR and Stone Point Capital in a deal that valued the firm at around $2 billion. HighTower Chief...

  • KHOBAR, Saudi Arabia, Oct 24- Saudi Arabia will consider selling a large stake in Saudi Electricity Co to SoftBank Vision Fund, but the Saudi government would retain a controlling shareholding, the utility said on Tuesday. Saudi Arabia's Public Investment Fund, which holds a 74 percent stake in Saudi Electricity Co, signed a memorandum of understanding with...

  • MADRID, Oct 18- Private equity company Advent has hired Morgan Stanley to sell its 45 percent stake in Spanish explosives manufacturer Maxam, two sources with knowledge of the matter said on Wednesday. The transaction could value the company, founded in 1872 by Alfred Nobel, at up to 1.5 billion euros, the sources said. When Advent first bought a stake in Maxam in...

  • AIRBUS TO ACQUIRE MAJORITY STAKE IN BOMBARDIER'S CSERIES- BOMBARDIER STATEMENT.

  • DUBAI/ NEW YORK, Oct 13- Saudi Aramco is considering the sale of a stake to a Chinese investor as plans for its highly-anticipated international public offering are pushed beyond its 2018 target, sources familiar with the matter said on Friday. The move would provide Saudi Arabia with cash to help implement the National Transformation Program, as the reform...

  • Oct 11- Canada's Metro Inc said on Wednesday it would sell a major portion of its stake in Alimentation Couche Tard Inc to fund its C $4.5 billion acquisition of pharmacy chain Jean Coutu Group. Metro operates more than 600 food stores across Canada and the Jean Coutu deal will help the company add drugstores in Quebec, New Brunswick and Ontario.

  • Kellogg expects RXBar's net sales to reach about $120 million by the end of 2017.

  • In September, private equity fund Francisco Partners sold around 40-50 percent of BluJay Solutions to Singaporean state investor Temasek and kept the rest, valuing the British supply chain provider at around $700 million. Singapore's sovereign wealth fund GIC in July bought a 9 percent stake in Swedish home alarms firm Verisure from U.S. private equity fund...

  • In September, private equity fund Francisco Partners sold around 40-50 percent of BluJay Solutions to Singaporean state investor Temasek and kept the rest, valuing the British supply chain provider at around $700 million. Singapore's sovereign wealth fund GIC in July bought a 9 percent stake in Swedish home alarms firm Verisure from U.S. private equity fund...

  • MUMBAI, Oct 3- India's Adani Enterprises Ltd aims to tie-up financing for its Carmichael coal mine project in Australia by March 2018, a senior company executive told Reuters, adding it would look to sell a minority stake in the project to help raise funds. Adani's planned project in north-east Australia has been delayed for years as opposition from...

  • MUMBAI, Oct 3- India's Adani Enterprises Ltd aims to tie-up financing for its Carmichael coal mine project in Australia by March 2018, a senior company executive told Reuters, adding it would look to sell a minority stake in the project to help raise funds. Adani's planned project in the remote Galilee basin in north-east Australia has been delayed for years...

  • While terms of the investment were not disclosed, Pilot Flying J is the 15th- largest private company in the United States, with annual sales of about $19.6 billion, Forbes magazine estimated. Jimmy Haslam, Pilot Flying J's billionaire chief executive, and his family will retain a 50.1- percent stake in the Knoxville, Tennessee- based company, and the Maggelet...