HONG KONG Fosun Group said on Saturday it has agreed to buy Brazilian fund manager Rio Bravo Investimentos, in the Chinese conglomerate's first acquisition in Latin America.
SAO PAULO Mexico's Alpek SA de CV is expected to offer up to $700 million for Brazilian state-run oil company Petroleo Brasileiro SA's petrochemicals units in the northeastern state of Pernambuco, a source with direct knowledge of the matter told Reuters on Friday.
Power producer NextEra Energy Inc said it agreed to buy bankrupt Texas power company Energy Future Holdings Corp's stake in Oncor Electric Delivery Co in a deal valued at about $18.4 billion.
FRANKFURT Uniper, the power plant and energy trading unit owned by German utility E.ON , might put up for sale its stakes in a Russian gas field as well as regional gas pipelines to raise much-needed funds, three people familiar with the matter said.
DUESSELDORF, Germany Verdi, one of Germany's most powerful labor unions, has called "unacceptable" plans for forced layoffs at Uniper, the power generation and energy trading unit of E.ON , demanding a clear future strategy ahead of a planned spin-off in autumn.
Jeff Ubben-run activist investor ValueAct Capital Management LP has reported a 6.8 percent stake in U.S. railcar maker Trinity Industries Inc , becoming its second-biggest shareholder.
LONDON Low valuations, weak sterling and continued interest from Chinese companies in overseas dealmaking is likely to see merger activity in Europe pick up again, according to Credit Suisse.
SEOUL South Korean defense firm Hanwha Techwin Co Ltd said on Friday it will buy Thales SA's 50 percent stake in their unlisted joint venture Hanwha Thales Co Ltd for 288 billion won ($257 million).
Anglo American Plc has rebuffed informal approaches by Indian mining and metals tycoon Anil Agarwal, Bloomberg reported, citing people familiar with the matter.
SAO PAULO Brazil's state-run oil company Petroleo Brasileiro SA said in a statement on Thursday it is in exclusive talks for 60 days with Mexico's Alpek over the potential sale of PetroquimicaSuape and Citepe assets in Brazil's northeast.
It's a tearful night for some Bernie Sanders supporters at this year's Democratic National Convention, as delegates from all 57 U.S. states and territories cast their votes, ensuring Secretary Hillary Clinton the Democratic presidential nomination.