Financial Services & Real Estate Headlines

Wed, Apr 23 2014

Mexico's Slim, Telekom Austria reach ownership deal

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VIENNA/MEXICO CITY - Mexico's Carlos Slim struck an 11th-hour deal on Wednesday with the Austrian government that could give him effective control of Telekom Austria and allow the multi-billionaire to consolidate his foothold in Europe as he expands outside the Americas.

Transurban in $6.6 billion deal to buy Queensland Motorways

SYDNEY - A consortium led by Transurban Group , Australia's biggest toll road owner, has won a bid to buy toll firm Queensland Motorways Ltd for $6.6 billion in its first foray into the country's third most populous state.

Chobani secures $750 million investment from TPG

- Chobani said on Wednesday it has received a $750 million investment from private equity firm TPG, in a move that will spare the Greek yogurt company from a serious cash crunch, according to several people familiar with the matter.

Mexico's Slim reaches deal for control of Telekom Austria

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VIENNA/MEXICO CITY - Mexico's Carlos Slim struck an 11th-hour deal on Wednesday with the Austrian government that could give him control of Telekom Austria and allow the multi-billionaire to consolidate his foothold in Europe as he expands outside the Americas.

GE in talks to buy France's Alstom: Bloomberg

- General Electric Co is in talks to buy French turbine and train maker Alstom SA for about $13 billion, Bloomberg reported, citing people with knowledge of the matter.

Novartis-GSK asset swap offers template for pharma and beyond

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LONDON - The loud welcome given by investors to this week's deal for Novartis and GlaxoSmithKline to trade more than $20 billion of assets could trigger more pacts in the pharmaceuticals sector and beyond.

Brazil's Azul adds Airbus jets to start U.S. flights

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CAMPINAS, Brazil - Brazil's third-biggest airline, Azul Linhas Aereas, unveiled plans on Wednesday to add 11 wide-body jets from European planemaker Airbus to start service to the United States.

Insurer Saga could announce $5 billion London listing next week

LONDON - British over-50s insurer Saga is planning to announce its intention to float next week in a London stock market debut that could value the company at 3 billion pounds ($5.1 billion), two sources familiar with the matter said on Wednesday.

South Africa's Sanlam to buy 51 percent in Malaysian insurer for $119 million

JOHANNESBURG - South Africa's biggest insurer, Sanlam , said on Wednesday it would buy a majority stake in Malaysia's MCIS Zurich Insurance Berhad for about $119 million, further expanding its presence in the southeast Asian nation.

Australia's Australand rejects $1.8 billion Stockland takeover proposal

SYDNEY - Australia's Australand Property Group said on Wednesday it had rejected as undervalued a A$1.95 billion ($1.83 billion) proposal from bigger rival Stockland Group to increase its stake, thwarting Stockland's move to expand its residential business.

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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.