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Mergers and Acquisitions Divestments

  • SYDNEY, Sept 21- Commonwealth Bank of Australia has agreed to sell its life insurance unit to Hong Kong- based AIA Group for $3.1 billion, in the biggest Asian buyout of an Australian financial firm. The deal, which ranks among the top 10 insurance M&A in the Asia Pacific region excluding Japan, will see AIA acquiring CBAs life insurance business in Australia and...

  • TOKYO, Sept 21- Japan's Toshiba Corp is expected to formalise the sale of its prized memory chip unit on Thursday to a group led by U.S. private equity firm Bain Capital, even as jilted suitor and joint venture partner Western Digital took fresh legal action. But even after Toshiba officials announced that the 2 trillion yen deal had been reached, question marks...

  • TOKYO, Sept 21- Japan's Toshiba Corp is expected to formalize the sale of its prized memory chip unit on Thursday to a group led by U.S. private equity firm Bain Capital, even as jilted suitor and joint venture partner Western Digital took fresh legal action. But even after Toshiba officials announced that the 2 trillion yen deal had been reached, question marks...

  • SYDNEY, Sept 21- Commonwealth Bank of Australia said on Thursday it had agreed to sell its life insurance arm to Hong Kong's AIA Group Ltd for $3.05 billion, in the biggest Asian buyout of an Australian financial services firm. CBA also flagged a possible wealth management IPO as Australia's major lenders come under regulatory pressure to boost capital in the...

  • *$18 bln agreement follows dramatic twists. TOKYO, Sept 20- Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. It's unclear whether the sale to the Bain Capital- led group will proceed...

  • *$18 bln agreement follows dramatic twists. TOKYO, Sept 20- Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. It's unclear whether the sale to the Bain Capital- led group will proceed...

  • Sept 15- AT&T is evaluating a sale of its pay TV operations in Latin America as it seeks to pay down debt following its planned $85.4 billion acquisition of Time Warner Inc, people familiar with the matter said on Friday. Most Latin American countries, with the exception of Venezuela, have stabilized over the past year with markets such as Brazil's rallying after...

  • HONG KONG, Sept 13- Private equity firm Carlyle Group is planning a sale of South Korean security systems company ADT Caps in what could be the country's biggest M&A deal in two years, sources with knowledge of the matter said. A former unit of Tyco International Inc, ADT Caps offers central monitoring, access control, video surveillance control and other...

  • Sept 11- Teva Pharmaceutical Industries, on Monday agreed to sell its contraceptive brand Paragard to a unit of Cooper Cos for $1.1 billion, on a day the struggling Israeli drugmaker named industry veteran Kare Schultz as CEO. "Investors will like this news, as in addition to a good price for the asset, and the recent share decline has been likely due in part to...

  • Sept 11- Teva Pharmaceutical Industries, said it has agreed to sell Paragard, its intrauterine copper contraceptive brand, to a unit of Cooper Cos in a $1.1 billion cash deal. The deal with CooperSurgical includes the Isarel-based drug maker's manufacturing facility in Buffalo, NY, which produces Paragard exclusively. Paragard had revenue of about $168...

  • JOHANNESBURG, Sept 6- Vodafone has sold down its stake in South African subsidiary Vodacom by 5.2 percentage points, it announced on Wednesday, sending the African mobile firm's share price down by more than 6 percent. After the South African market closed on Tuesday Vodafone sold the shares to institutional investors for 165 rand apiece, which compared with...

  • VANCOUVER, Sept 5- A unit of Chinese sovereign wealth fund China Investment Corp, a cornerstone shareholder of Teck Resources Ltd, has sold around 41.5 percent of its stake in the Canadian miner, Teck said on Tuesday, sending its shares tumbling. CIC bought the equity stake in July 2009 for C $1.74 billion at C $17.21 a share, meaning if the stock was sold near market...

  • MADRID/ TORONTO, Aug 31- BBVA said on Thursday it was looking at the possible sale of its retail bank in Chile after Canada's Bank of Nova Scotia expressed an interest in buying up to 100 percent. A spokesman at BBVA said the Spanish bank was not considering exiting Chile altogether, where it also has a consumer finance unit. Scotiabank, which has the biggest foreign...

  • MADRID, Aug 31- BBVA said on Thursday it was looking at the possible sale of its retail bank in Chile after Canada's Bank of Nova Scotia expressed an interest in buying up to 100 percent. A spokesman at BBVA said that the Spanish bank was not considering exiting Chile altogether, where it also has a consumer finance unit. In Chile it booked a net profit of 96 million...

  • After Freeport agreed to divest a 51 percent stake in Grasberg, the world's second-biggest copper mine, Indonesia's Energy and Finance Ministries posted on social media. #FreeportTaatIndonesiaBerdaulat, or " Freeport is obedient, Indonesia is a sovereign state". Indonesia's President Joko Widodo was the driving force behind the agreement demanding the...

  • After Freeport agreed to divest a 51 percent stake in Grasberg, the world's second-biggest copper mine, Indonesia's Energy and Finance Ministries posted on social media. The bombastic statement illustrates Indonesia's view that the dispute with Freeport over the mine was all about asserting the country's rights to its mineral resources.

  • JAKARTA, Aug 30- Indonesia's government left no doubts as to who it believes got the better deal in its landmark agreement with Freeport McMoRan Inc on the future of the Grasberg copper mine. After Freeport agreed to divest a 51 percent stake in Grasberg, the world's second-biggest copper mine, Indonesia's Energy and Finance Ministries posted on social media.

  • *Freeport can now apply for 10- yr Grasberg permit extension. *Freeport says makes "major concession" on divestment, smelter. Freeport has been in talks with Indonesia since late 2009 to work out how to shift to a new permit for Grasberg, the world's second-biggest copper mine, as mandated in a mining law passed that year.

  • *Freeport can now apply for 10- yr Grasberg permit extension. *Freeport says makes "major concession" on divestment, smelter. Freeport has been in talks with Indonesia since late 2009 to work out how to shift to a new permit for Grasberg, the world's second-biggest copper mine, as mandated in a mining law passed that year.

  • Aug 29- Advisory Board Co said it would sell its healthcare business to UnitedHealth Group Inc's Optum unit and education business to private equity firm Vista Equity Partners, for a total deal value of $2.58 billion. The sale of the education business is expected to close by the end of this year or in early 2018, after which Advisory Board will merge its...