BRUSSELS Belgian chemicals group Solvay said on Wednesday it had agreed to sell its Acetow unit, which makes material used in cigarette filters, to private equity group Blackstone for 1 billion euros ($1.07 billion), including debt.
TAIPEI Foxconn, the world's largest contract electronics manufacturer and a major Apple Inc supplier, said on Wednesday that it was in preliminary discussions to expand its operations in the United States.
LONDON British software company Sage Group is evaluating potential strategic options for its North American payments business, including a sale, it said on Wednesday.
WILMINGTON, Del./CHICAGO A U.S. subsidiary of Spanish renewable energy firm Abengoa SA pressed a judge on Tuesday to approve its plan to exit bankruptcy over objections from a holdout creditor, who said the plan violated U.S. law by favoring the company's foreign parent.
WASHINGTON Alaska Air Group Inc has won U.S. antitrust approval for its $2.6 billion acquisition of Virgin America Inc on condition that it scale back its code-sharing with American Airlines Group Inc , the Justice Department said on Tuesday.
LONDON The field of bidders for SAB Miller's Central and Eastern European beer brands being sold by Anheuser-Busch InBev has narrowed after U.S. buyout fund Bain Capital walked away, sources told Reuters on Tuesday.
SAO PAULO Shares of Brazil's JBS , the world's biggest beef exporter, soared on Tuesday, adding nearly $3 billion to its market value after management announced it would take its international businesses public in a U.S. initial public offering.
WASHINGTON China's efforts to shore up its currency by placing restrictions on foreign acquisitions could benefit aviation and shipping giant HNA Group Co Ltd by reducing competition for deals from other Chinese bidders, one of its top executives said.
LONDON Private equity firm KKR has entered the smart meter sector with the purchase of British company Calvin Capital from infrastructure investor Infracapital, the companies said on Tuesday.
BRUSSELS Microsoft won EU antitrust approval on Tuesday for its $26 billion bid for professional social network LinkedIn , its largest ever acquisition, after agreeing to a series of modest concessions.
BEIJING China said on Wednesday the governor of the U.S. state of Iowa, Terry Branstad, was an "old friend" after a report that he had accepted President-elect Donald Trump's offer to become the next U.S. ambassador to China.