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Thursday, August 10, 2017

VW Group, Tata Motors end talks on emerging markets cooperation

BERLIN/NEW DELHI (Reuters) - Cooperation talks between Germany's Volkswagen Group and India's Tata Motors about joint development of a car for emerging markets have ended amicably, the two companies said on Thursday.

Altice raises stake in SFR and plans full buyout offer

PARIS (Reuters) - Altice, the acquisitive telecoms and cable group founded by billionaire Patrick Drahi, has raised its stake in telecoms company SFR to more than 95 percent and is planning a full buyout offer for the remaining shares.

Wanda Hotel to buy $1 billion of assets from Wang-controlled units

HONG KONG (Reuters) - Wanda Hotel Development Co Ltd, a unit of Chinese conglomerate Dalian Wanda Group, plans to buy assets worth over $1 billion from firms controlled by its billionaire founder Wang Jianlin, in a move that sent its shares surging over 30 percent.

Thyssenkrupp won't be rushed on European steel tie-up with Tata

FRANKFURT (Reuters) - Thyssenkrupp will not be rushed into any deal with Tata Steel to merge their European steel businesses, its chief financial officer said, pouring cold water on investor hopes for a quick agreement.

Prudential to merge UK asset management, insurance arms

LONDON (Reuters) - Prudential will merge its UK asset management unit M&G with its UK and European insurance divisions, it said on Thursday, giving it greater scale and cost savings as active asset managers seek to fend off competition from passive funds.

Omantel to buy nearly 10 percent of Kuwait's Zain Group for $846.1 million

DUBAI (Reuters) - Oman Telecommunications Co. (Omantel) is to buy almost 10 percent of Zain Group for $846.1 million, the Omani firm said in a statement on Thursday.

Blackstone's Invitation Homes to buy Starwood Waypoint

(Reuters) - Invitation Homes Inc said on Thursday it would buy Starwood Waypoint Homes in an all-stock deal that would create a $11 billion U.S. single-family rental company.

British mineral explorer in Africa lists in London

LONDON (Reuters) - A British explorer for mineral resources in Africa will on Thursday become the first venture of its kind to be listed on London's AIM market for growing companies, its CEO said.

SoftBank's Vision Fund acquires stake in India's Flipkart

MUMBAI (Reuters) - A tech fund backed by Japan's SoftBank Group has picked up one of the biggest stakes in India's leading homegrown online retailer Flipkart, the Bengaluru headquartered firm said in a statement on Thursday.

Sky investor Odey says Fox bid is losing appeal

LONDON (Reuters) - Hedge fund manager Crispin Odey is considering withdrawing his support for Twenty-First Century Fox's attempt to take over Sky , saying the 11.7 billion-pound ($15.20 billion) offer undervalues the British pay TV broadcaster.