Wed, Apr 23 2014
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.
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 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.
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.
- 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.
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.
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.
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.
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.
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.
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.