Financial Services & Real Estate Headlines

Tue, Aug 4 2015

Vimpelcom, Hutchison close to striking Italian mobile deal: sources

LONDON/MILAN - Russia's Vimpelcom and Hong Kong's Hutchison Whampoa are close to a deal to merge their Italian mobile phone businesses, sources close to the deal said.

Deals, Money, Russia, Italy 04 Aug 2015

Brazil presents another hurdle in Monsanto's bid for Syngenta

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SAO PAULO - Seed giant Monsanto Co.'s unwanted takeover bid with Switzerland's Syngenta AG would face strong resistance in Brazil should it go forward, farmers and lawyers said, a hurdle that could delay or force major concessions to the $45 billion deal.

Deals, Brazil 04 Aug 2015

U.S. farm, consumer groups aim to block Monsanto bid for Syngenta

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- Several U.S. farm and consumer groups are working on strategies to derail a proposed tie-up of Monsanto Co and agricultural seeds and chemicals rival Syngenta AG, saying a combination of the market leaders would spell fewer and higher-priced products.

04 Aug 2015

CPPIB buys stake in medical office buildings in California

TORONTO - The Canada Pension Plan Investment Board said on Tuesday it had formed a joint venture with Health Care REIT Inc , which operates senior housing centers in the United States, to hold a portfolio of medical office buildings in Southern California.

04 Aug 2015

Amid scandal, suitors cautiously eye Malaysia's 1MDB power assets: sources

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KUALA LUMPUR/SINGAPORE - At least half a dozen suitors have bid for energy assets of Malaysia's debt-laden state fund 1Malaysia Development Bhd (1MDB), despite it being at the center of the country's ongoing political crisis, according to four people familiar with the matter.

04 Aug 2015

Mon, Aug 3 2015

Petco hires Goldman Sachs for sale or IPO: sources

NEW YORK - Petco Animal Supplies Inc has hired Goldman Sachs Group Inc to lead a potential initial public offering or sale that could value the pet supplies retailer at between $4 billion and $5 billion, including debt, according to people familiar with the matter.

03 Aug 2015

Bradesco to acquire HSBC Brazil unit, biggest-ever buy

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SAO PAULO - Banco Bradesco SA agreed to buy HSBC Holdings Plc's Brazilian unit for a surprisingly high 17.6 billion reais ($5.2 billion), narrowing the gap with larger rivals while boosting its base of affluent customers in Latin America's largest economy.

Deals, Brazil 03 Aug 2015

HSBC acquisition poses big test for Bradesco CEO Trabuco

SAO PAULO - Banco Bradesco SA sat on the sidelines for years while Brazilian banking rivals bulked up through a series of takeovers. On Monday, it made a grab for HSBC Holdings Plc's domestic business, one that will boost its assets by 16 percent.

Deals, Brazil 03 Aug 2015

Italy's Exor wins battle to buy PartnerRe for $6.9 billion

MILAN - Investment group Exor , which controls carmaker Fiat Chrysler , said on Monday it had signed a deal to buy PartnerRe for $6.9 billion, trumping a rival bid from Axis Capital and ending a prolonged battle for the reinsurer.

Deals, Italy 03 Aug 2015

Exclusive: BASF lines up financing for potential Syngenta takeover - sources

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FRANKFURT - German chemicals group BASF has lined up a loan package from large multinational banks for a potential takeover offer for Syngenta, the Swiss crop chemicals maker, but will bide its time, several people familiar with the matter said.

03 Aug 2015
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What they earn, what they owe

Republican presidential candidate and Wisconsin Governor Scott Walker has at least $120,000 debt, according to his financial disclosure released by the Federal Election Commission on Monday.