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Capital Goods Industrial Conglomerates

  • NEW DELHI/ MUMBAI, Aug 20- A consortium led by Russian oil major Rosneft will announce on Monday completion of a $12.9 billion deal to acquire Indian private refiner Essar Oil, strengthening ties between the world's largest oil producer and the fastest growing fuel consumer. The purchase is the biggest foreign acquisition ever in India and Russia's largest...

  • The board of bankrupt Texas utility Energy Future Holdings will meet later on Sunday to decide whether to sell its crown jewel, power transmission company Oncor, to Buffett's Berkshire Hathaway Inc or accept an opposing bid from Sempra Energy, a person familiar with the confidential deliberations said on condition of anonymity. The rival bid for Oncor was...

  • The board of bankrupt Texas utility Energy Future Holdings will meet later on Sunday to decide whether to sell its crown jewel, power transmission company Oncor, to Buffett's Berkshire Hathaway Inc or accept an opposing bid from Sempra Energy, a person familiar with the confidential deliberations said on condition of anonymity. The rival bid for Oncor was...

  • *COO U.B. Pravin Rao named interim CEO, MD. BENGALURU/ MUMBAI Aug 18- Vishal Sikka, the chief executive brought in to turn around India's Infosys three years ago, resigned suddenly on Friday, blaming a "continuous drumbeat of distractions" and a long-running row with founders over the tech firm's strategy. U.B. Pravin Rao, Infosys' chief operating officer, was named...

  • MEXICO CITY, Aug 17- Mexico's Sigma Alimentos, a unit of conglomerate Alfa, has filed a request with the Mexican bourse to list its shares in an initial public offering, it said in a stock exchange statement on Thursday. The food company, which mainly sells cold meat and dairy products, did not give any information about how much it would seek to raise or when the...

  • HONG KONG/ BEIJING, Aug 17- CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft, three people with direct knowledge of the discussions said. Russia has overtaken Saudi Arabia as China's biggest oil supplier, and Rosneft is by far Russia's biggest and most...

  • DUBAI, Aug 17- Saudi Binladin Group will restart work next month on the $26.6 billion expansion of the Grand Mosque in Mecca, nearly two years after work stopped in the wake of a crane collapse at the site that killed 107 people, sources told Reuters on Thursday. Saudi Binladin, one of the country's top construction conglomerates, and the the Ministry of Finance were...

  • *Turnover falls below 2 trillion yen for 2nd day. TOKYO, Aug 17- Japanese stocks felt the weight of a rebounding yen and edged down on Thursday in thin trade, while conglomerate Seibu Holdings rose after an equity fund sold its remaining stake in the company to end a decade-old capital tie-up. Turnover was only 1.806 trillion yen, below 2 trillion yen for a second...

  • TOKYO, Aug 17- Japan's Nikkei share average felt the weight of a rebounding yen and edged down on Thursday, while conglomerate Seibu Holdings advanced after an equity fund sold its remaining stake in the company to end a decade-old capital tie-up. Investor sentiment cooled as the yen gained against the dollar after minutes of the Federal Reserve's meeting...

  • HONG KONG, Aug 16- Telecoms group China Unicom is raising $11.7 billion from about a dozen investors including tech giants Alibaba Group and Tencent Holdings, as part of Beijing's push for state-owned enterprises to be revitalized with private capital. The Chinese government is seeking to rejuvenate state behemoths with private capital, with China Unicom...

  • LONDON, Aug 15- British Prime Minister Theresa May will visit Japan this month for talks with her Japanese counterpart Shinzo Abe to discuss Brexit, trade and defence, her office said on Tuesday. "The delegation will showcase the strength of British business, the shared confidence in the UK- Japan economic relationship as we leave the EU, and the potential for...

  • DUBAI, Aug 14- Shares of the first family-owned business to list in Qatar slumped on Monday as they began trading, while weak earnings at several companies in Dubai weighed on the stock index there. Egypt fell for a fifth straight day. Qatari conglomerate Investment Holding Group tumbled 13 percent from its initial public offer price to 8.70 riyals.

  • NEW YORK, Aug 11- Trian Partners cut its stake in snack maker Mondelez International Inc. during the last quarter, and boosted its shares in conglomerate General Electric, according to the activist fund's latest securities filing.

  • TOKYO, Aug 10- Toshiba Corp's auditor gave an "adverse opinion" on the company's internal controls in an annual report filed on Thursday, showing the Japanese industrial conglomerate has a way to go before regaining the market's trust following a 2015 accounting scandal.

  • HONG KONG, Aug 9- HNA Group is preparing its bid for a concession to operate Belgrade's airport, a company executive said, undeterred by Beijing's sharpened scrutiny of overseas acquisitions, which has clouded some of the Chinese conglomerate's other pending deals. HNA is leading a consortium that includes AVIC International Holding Corp and China- Central...

  • Developers performed strongly after Hong Kong- based conglomerate Wharf Holdings said that its unit Wharf Real Estate Investment Co Ltd would submit an application for a separate listing on the main board. Alex Wong, director at Ample Finance Group in Hong Kong, said that the market was upbeat about the Wharf spin-off. Tensions over North Korea, which battered...

  • NEW YORK, Aug 8- Global Bankers Insurance Group is the previously undisclosed buyer of assets from the Beechwood family of reinsurance and asset management companies, a person familiar with the matter told Reuters. The recent purchase by Global Bankers a $3.5- billion, Durham, North Carolina- based subsidiary of conglomerate Eli Global LLC was bound by a...

  • SHANGHAI, Aug 8- McDonald's Corp said it would almost double the number of stores in mainland China by 2022, slightly more than was expected, as part of its strategic partnership with state-backed conglomerate CITIC Ltd and Carlyle Group. Earlier in the year, the U.S fast food chain agreed to sell most of its China and Hong Kong business to CITIC and Carlyle for up...

  • Lee Jae-yong (front R), vice chairman of Samsung Electronics Co., arrives for his trial at the Seoul Central District Court in Seoul on August 7, 2017. South Korean prosecutors on August 7 demanded the heir to the Samsung empire be jailed for 12 years over his role in the corruption scandal that brought down the country's last president.

    Samsung Electronics Vice Chairman Jay Y. Lee fought back tears and denied wrongdoing on Monday as prosecutors sought a 12-year jail term.

  • *Lower court says will make ruling Aug 25. SEOUL, Aug 7- Samsung Electronics Vice Chairman Jay Y. Lee fought back tears and denied wrongdoing on Monday as prosecutors sought a 12- year jail term on charges that include bribing the former president to help cement control of the South Korean tech giant. Lee, the de facto leader of one of Asia's largest conglomerates, has...