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Capital Goods Industrial Conglomerates

  • HONG KONG/ LONDON, Sept 12- China's CEFC is considering investing in En+ as part of the aluminium-to-power conglomerate's planned IPO, industry sources said, potentially boosting Beijing's ownership of Russian natural resources. If CEFC buys a stake in En+, it would be the second large deal by the fast growing Chinese conglomerate in Russia this year, following...

  • CHINESE CONGLOMERATE CEFC CONSIDERS INVESTING IN RUSSIA'S EN+ AS CORNERSTONE INVESTOR AHEAD OF IPO- SOURCES.

  • *Glencore/ Qatar unwind consortium, to own shares directly. LONDON, Sept 12- Glencore's move last week to sell most of its stake in Russian oil major Rosneft to Chinese conglomerate CEFC is eliciting admiration from the Swiss oil trader's rivals-- and relief from its bankers. To rivals, it appears to be a clever deal by Glencore's boss Ivan Glasenberg, who had...

  • LISBON, Sept 11- Chinese conglomerate Fosun International has increased its stake in Portuguese bank Millennium bcp to 25.16 percent from 23.93 percent, following its stated strategy of raising its holding up to 30 percent, Millennium said. "This increase is in line with the strategic interest Fosun has previously communicated to the market and demonstrates...

  • MILAN, Sept 8- Italian bank Intesa Sanpaolo will recoup a 5.2 billion euros loan as a result of Chinese conglomerate CEFC's acquisition of a 14.16 percent stake in Russian oil major Rosneft, the lender said on Friday. Intesa had extended the loan to help commodities trader Glencore and the Qatar Investment Authority buy a 19.5 percent stake in Rosneft.

  • *Deal boosts energy cooperation between Moscow and Beijing. *Russia rivals Saudi Arabia as top Chinese oil supplier. MOSCOW/ BEIJING, Sept 8- Chinese conglomerate CEFC will buy a 14.16 percent stake in Russian oil major Rosneft for $9.1 billion from a consortium of Glencore and the Qatar Investment Authority, strengthening the energy partnership between...

  • LONDON, Sept 8- Chinese conglomerate CEFC will buy a 14.16 percent stake in Russian oil producer Rosneft from a consortium of Glencore and the Qatar Investment Authority in a move that further strengthens the energy partnership between Moscow and Beijing. The deal comes as the United States imposes a new round of economic sanctions on Russia making it...

  • Employees stand as a subsea oil and gas tree is maneuvered by a crane at the General Electric Co. (GE) manufacturing plant in Montrose, U.K.

    JPMorgan says General Electric's earnings and business trends continue to deteriorate.

  • MEXICO CITY, Sept 6- Mexican mining conglomerate Grupo Mexico has resumed plans to list its transportation division, including its Ferromex railroad operator, on Mexico's stock exchange, four sources with knowledge of the matter told Reuters. It planned to raise between 13.7 billion and 16.0 billion pesos. Grupo Mexico struck a $2.1 billion deal in March to...

  • HONG KONG, Sept 6- China's Anbang Insurance Group and HNA Group both considered buying into German insurer Allianz SE this year as part of plans to become global financial powerhouses, people with direct knowledge of the matter said. The separate talks, which were at an early stage and did not result in formal bids, were called off earlier this year due to expected...

  • HONG KONG, Sept 6- China's Anbang Insurance Group Co Ltd and HNA Group Co Ltd separately considered buying stakes in German insurer Allianz SE as part of plans to create a global financial empire, people with direct knowledge of the matter said. The conglomerates weighed buying a majority stake in the world's fourth-largest insurer by market value- worth over...

  • HONG KONG, Sept 6- Goldman Sachs has suspended work on a planned U.S. IPO for Chinese conglomerate HNA Group's IT outsourcing unit Pactera, four people familiar with the matter told Reuters. Reuters reported in July that HNA had tapped Goldman to work on the U.S. initial public offering of Pactera, a Beijing- based firm it bought from Blackstone last year for $675...

  • HONG KONG, Sept 6- China's Anbang Insurance Group Co Ltd and HNA Group Co Ltd separately considered buying stakes in German insurer Allianz SE as part of plans to create a global financial empire, people with direct knowledge of the matter said. The conglomerates considered buying a majority stake in the world's fourth-largest insurer by market value- worth...

  • HONG KONG, Sept 6- Goldman Sachs has suspended work on a planned U.S. IPO for Chinese conglomerate HNA Group's IT outsourcing unit Pactera, four people with familiar with the matter told Reuters. Reuters reported in July that HNA had tapped Goldman to work on the U.S. initial public offering of Pactera, a Beijing- based firm it bought from Blackstone last year for...

  • XIAMEN, China, Sept 5- Shares in Russian industrial conglomerate Sistema jumped 15 percent on Tuesday after President Vladimir Putin said he hoped it would reach an out-of-court settlement in its dispute with state oil giant Rosneft. Shares in Sistema jumped 15 percent on the Moscow exchange to their highest since June 20 after Putin's comments.

  • XIAMEN, China, Sept 5- Shares in Russian industrial conglomerate Sistema jumped 15 percent on Tuesday after President Vladimir Putin said he hoped it would reach an out-of-court settlement in its dispute with state oil giant Rosneft. Putin, speaking at a news conference after a summit in China, said he had met Rosneft CEO Igor Sechin as well as Vladimir...

  • TOKYO, Sept 1- Western Digital Corp's CEO apologised to his counterpart at Toshiba Corp for strained ties after the U.S. firm sued to keep their chip joint venture from being sold to rival bidders, according to an Aug. 11 letter. The embattled Japanese conglomerate has put its chip unit,- worth between $17 billion to $18 billion, up for sale as it scrambles to cover...

  • TOKYO, Sept 1- Western Digital Corp's CEO apologized to his counterpart at Toshiba Corp for strained ties after the U.S. firm sued to keep their chip joint venture from being sold to rival bidders, according to an Aug. 11 letter. The embattled Japanese conglomerate has put its chip unit,- worth between $17 billion to $18 billion, up for sale as it scrambles to cover...

  • Aug 31- Samsung Electronics Co Ltd said on Thursday it has received a permit to test self-driving vehicles in California, marking the entry of the world's largest smart phone maker four months after iPhone maker and arch rival Apple Inc received a permit. In a statement to Reuters, Samsung did not say what precisely what it planned to test in the United States but...

  • TOKYO, Aug 31- Toshiba Corp failed to seal a deal to sell its prized chip business by an internal deadline of Thursday, raising doubts about whether it can plug a balance sheet hole in time to avoid a delisting and keep the unit competitive. The embattled Japanese conglomerate said in a statement it has tried but so far not come to an agreement and it was continuing to...