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Mergers and Acquisitions Buyins and Buyouts

  • May 15- Yum China Holdings Inc said it would buy a controlling stake in food delivery services firm Daojia to expand delivery services for its KFC and Pizza Hut chains in the country. Daojia, which also operates food delivery service Sherpa's, focuses on higher-end orders in large cities in China, including Beijing, Shanghai, Guangzhou and Shenzhen.

  • PARIS, May 11- Engie said it had received a binding offer from Neptune Energy for its 70 percent stake in its oil and gas exploration unit based on a value of 4.7 billion euros for 100 percent of the unit. Engie said the offer for its Exploration& Production International arm included 1.1 billion euros in decommissioning liabilities that will be deconsolidated...

  • PARIS, May 11- Engie is in advanced talks with Neptune Oil& Gas about the sale of its oil and gas exploration and production unit and a deal is imminent, a source familiar with the situation told Reuters on Thursday. The report added that Engie plans to announce it will start exclusive talks with Neptune for the sale of its 70 percent stake in Engie E&P for about 3.3...

  • *Chinese investment in Israel jumps more than tenfold in 2016. HONG KONG/ TEL AVIV, May 11- Struggling to seal deals in the United States as regulatory scrutiny tightens, Chinese companies looking to invest in promising technology are finding a warmer welcome for their cash in Israel. Last year, Chinese investment into Israel jumped more than tenfold to a record...

  • SAO PAULO, May 10- Brokerage firm XP Investimentos SA, which is discussing a minority stake sale to Brazil's largest bank, is filing for an initial public offering that could be the first listing of an independent broker in Latin America's largest economy. Founder and Chief Executive Officer Guilherme Benchimol, 238 XP partners and U.S. buyout firm General...

  • PARIS, May 10- AXA Chief Executive Thomas Buberl plans to overhaul the group's U.S. operations, proposing to float its American life insurance and asset management businesses in the first half of 2018 in order to free up capital. The move could allay some investors' concerns about whether it is necessary for AXA to retain two separate asset managers- AXA IM which is...

  • PARIS, May 10- France's AXA plans to float a minority stake in its life insurance and asset management operations in the United States in the first half of 2018, in order to strengthen its financial position. Gross revenue in life insurance coming from the United States accounted for nearly a quarter of overall results for the activity in 2016, according to...

  • May 4- TransCanada Corp said on Thursday it would sell its remaining 49.3 percent interest in Iroquois Gas Transmission System LP and an 11.8 percent stake in Portland Natural Gas Transmission System for $765 million. The deal value comprises $597 million in cash and the assumption of $168 million in proportionate debt at Iroquois and PNGTS, Transcanada said.

  • PARIS, May 4- Belgium has sold a quarter of the stake it holds in France's biggest listed bank BNP Paribas for around 2 billion euros, a bookrunner for the deal said. The country, which acquired the stake in 2008 as a result of a bailout of Belgian financial group Fortis, said the deal would result in Belgium trimming back its stake in BNP Paribas to 7.8 percent from 10.3...

  • May 2- A consortium that includes German insurer Allianz and HICL Infrastructure is to buy Affinity Water Ltd, the largest water-only supply firm in England and Wales by revenue, through two transactions. Last month, a consortium of Canadian and Kuwaiti investors agreed to buy a minority stake in Thames Water, Britain's largest water firm, from funds managed by...

  • May 2- A three-member consortium that includes German insurer Allianz has agreed to buy Affinity Water Ltd, the largest water-only supply firm in England and Wales by revenue, through two transactions, the group said on Tuesday. The consortium, which also includes London- listed HICL and fund manager DIF, will acquire a 90 percent stake from Morgan Stanley's...

  • PARIS, April 26- French construction materials group Saint Gobain reported an 8.8 percent rise in first-quarter sales from a year ago and maintained its target for higher operating profits this year on a like-for-like basis. St Gobain, which is looking to buy a controlling stake in Swiss construction chemicals maker Sika, said first-quarter sales rose to...

  • ZURICH, April 26- Credit Suisse will raise around 4 billion Swiss francs through a rights issue to catch up to European rivals on capital, ditching plans to float a minority stake in its Swiss banking unit. Keen to shore up its balance sheet, Switzerland's second-biggest bank had announced in 2015 plans to sell 20-30 percent of its highly profitable Swiss...

  • ZURICH, April 26- Credit Suisse will raise around 4 billion Swiss francs through a rights offering to catch up to European rivals on capital, ditching plans to float a minority stake in its Swiss banking unit. "We expect the capital increase will strengthen our pro forma look-through CET1 ratio to approximately 13.4 percent and our pro forma look-through tier 1...

  • SAO PAULO, April 24- Johnson& Johnson, Novartis AG and Takeda Pharmaceutical Co Ltd have expressed interest in a buyout of the controlling stake that two families have in Brazilian drugmaker Hypermarcas SA, two people with knowledge of the matter said on Monday. The owners of investment vehicles Igarapava Participações SA and Maiorem SA de CV, which hold a...

  • *Qatar Airways close to Italy's Meridiana deal. DUBAI, April 24- Qatar Airways will finalise a long-negotiated agreement to buy 49 percent of Italy's Meridiana in the coming days, and soon apply to Qatar's sovereign wealth fund to start an Indian airline. Qatar Airways will sign the agreement with Italy's second biggest airline in the next "few days", Chief...

  • Ron Shaich, founder, chairman and chief executive officer of Panera Bread Co.

    Ron Shaich, Panera Bread CEO, talking about the advantages of selling the company to JAB Holdings and offering customers a "clean" menu. It's good stuff, says Shaich.

  • An employee restocks a shelf in the grocery section of a Wal-Mart Supercenter

    Wal-Mart Stores Inc is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two people familiar with the matter said.

  • Lloyd Blankfein joins Squawk Box on the first day at their new studio in New York City.

    Few Wall Street banks still run LBO shops in-house. An $8 billion LBO fund may put the bank in a class of its own.

  • Timothy Walbert, Horizon Pharma chairman & CEO, speaks to CNBC during an interview on the floor of the New York Stock Exchange July 20, 2015.

    Horizon Pharma has hired Bank of America to help it explore selling a significant equity stake to an investor that would bolster its balance sheet.