×

Mergers and Acquisitions Divestments

  • The government has lost millions of dollars in royalties and is worried about layoffs and a slowing economy in the restive Papua region, where the giant mine is located. Indonesia halted Freeport's copper concentrate exports under new rules that require the Phoenix, Arizona- based company to adopt a special license, pay new taxes and royalties, divest a 51...

  • The government has lost millions of dollars in royalties and is worried about layoffs and a slowing economy in the restive Papua region, where the giant mine is located. Indonesia halted Freeport's copper concentrate exports under new rules that require the Phoenix, Arizona- based company to adopt a special license, pay new taxes and royalties, divest a 51...

  • JAKARTA, April 5- Indonesia is trying a new approach to ease a deadlock over mining rights, promising to allow Freeport McMoRan Inc to resume concentrate exports from its Grasberg mine, the world's second-biggest copper mine. Indonesia and Freeport have sparred over rights to mine Grasberg, new taxes, royalties and divestment rules, as well as stipulations that...

  • PARIS, March 31- French food group Danone said on Friday it would sell its U.S. organic yogurt business Stonyfield to facilitate the rapid completion of its $10.4 billion acquisition of U.S. organic food producer WhiteWave foods Co.. The decision to sell Stonyfield stemmed from an agreement in principle reached with the U.S. Department of Justice's anti-trust...

  • LONDON, March 28- Barclays is in exclusive talks to sell its stake in its Zimbabwe unit to Malawi- based First Merchant Bank, the lenders said on Tuesday, as the British bank continues its exit from Africa. First Merchant Bank said in a statement on its website it was in exclusive talks to buy out the 68 percent of Barclays Bank of Zimbabwe owned by the British company.

  • MOSCOW, March 27- Russia's biggest bank Sberbank is selling its subsidiary in Ukraine to a consortium of investors, which include Norvik Bank and a Belarussian private company, Sberbank said in a statement on Monday. Ukraine recently imposed sanctions on Sberbank and other Russian state-owned banks operating in Ukraine as part of a broader flare-up in...

  • MOSCOW, March 27- Russia's biggest bank Sberbank is selling its subsidiary in Ukraine to a consortium of investors, which include Norvik Bank and a Belarussian private company, Sberbank said in a statement on Monday. Ukraine recently imposed sanctions on Sberbank and other Russian state-owned banks operating in Ukraine as part of a broader flare-up in...

  • MOSCOW, March 27- Russia's biggest bank Sberbank is selling its subsidiary in Ukraine to a consortium of investors, which include Norvik Bank and a Belarussian private company, Sberbank said in a statement on Monday. The deal is expected to close in the first half of 2017 after receiving approval by the financial and anti-monopoly regulators of relevant...

  • March 27- Sealed Air Corp said it would sell its cleaning and chemicals systems division, Diversey Care, and its food hygiene and cleaning business to Bain Capital Private Equity for about $3.2 billion, as it focuses on its higher-margin businesses. Sealed Air acquired Diversey in 2011 from its controlling shareholders, the Johnson family and private equity...

  • CAPE TOWN, March 22- Chevron Global Energy confirmed on Wednesday that it had signed a sales and purchase agreement with a wholly-owned subsidiary of China's Sinopec for Chevron's assets in South Africa and Botswana. Chevron said in a statement the deal hinged on regulatory approval. Sinopec said earlier on Wednesday it has agreed to pay almost $1 billion for a...

  • BRASILIA, March 17- Brazil's state-run oil company Petrobras has asked the Supreme Court to lift an injunction obtained by an oil workers' union that froze sales of its assets, including its fuels distribution unit, a court official said on Friday. Besides holding up the sale of BRL distributor, the injunction issued in November forced Petrobras to suspend talks...

  • BRASILIA, March 16- A regional oil workers' union said on Thursday that an injunction freezing sales of assets by Brazilian state-run oil company Petrobras, including its fuels distribution unit, will continue to block divestiture, despite an audit court ruling allowing sales to go ahead. "The National Oil Workers Federation's fight against the sale of...

  • BRASILIA, March 15- Brazil's federal audit court TCU on Wednesday allowed state-run oil company Petroleo Brasileiro SA to proceed with its divestment program, but required the company to restart the process except for two projects. The decision means that moves by Petrobras, as the company is known, to sell off a controlling stake in its fuels distribution unit...

  • BRASILIA, March 15- Brazil's federal audit court TCU on Wednesday allowed state-run oil company Petroleo Brasileiro SA to proceed with its divestment program, but required the company to restart the process except for two projects. The decision means that moves by Petrobras, as the company is known, to sell off a controlling stake in its fuels distribution unit...

  • JAKARTA, March 3- Indonesia will not back down from new rules requiring Freeport-McMoran to divest a majority stake in its local unit, Energy and Mineral Resources Minister Ignasius Jonan said, in a dispute over rights to the world's second-biggest copper mine. Freeport's exports of copper concentrate from its Grasberg mine have been at a standstill since...

  • FRANKFURT/ BERLIN/ ZURICH, March 2- Japan's Toshiba Corp is preparing a potential $2 billion divestment of smart meter group Landis+ Gyr, hoping to rake in capital after a major writedown on its U.S. nuclear unit last month, three people familiar with the matter said. A spokeswomen for Toshiba in Europe declined to comment. Smart meter makers have seen a wave of M&A...

  • Isuzu also markets commercial and light commercial vehicles in South Africa and Saudi Arabia. Sales in the Middle East and Africa region account for around 20 percent of annual global vehicle sales. Under Chief Executive Mary Barra, GM is steadily overhauling and pruning operations outside the United States and China, shrinking sales volume while pushing to...

  • MADRID, Feb 28- Spain's Banco Sabadell said late on Tuesday it had agreed to sell its Florida- based retail banking unit to Iberiabank Corp for $1 billion, leaving it with corporate and private banking operations in Miami. The sale, expected to close in the second half of 2017, will generate a net capital gain of 447 million euros for Sabadell, the bank said in a...

  • MADRID, Feb 28- Spain's Banco Sabadell said late on Tuesday it had agreed to sell its Florida- based retail banking unit to Iberiabank Corp for $1 billion, leaving it with corporate and private banking operations in Miami.

  • Under Chief Executive Mary Barra, the Detroit automaker is steadily overhauling and pruning operations outside the United States and China, shrinking sales volume while pushing to improve return on invested capital and profitability. GM is in talks to sell its European operations to French automaker Peugeot SA, and has shuttered or scaled back operations...