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Friday, August 18, 2017

Jack Ma-backed Yunfeng leads $1.7 billion purchase of MassMutual Asia unit

HONG KONG/SINGAPORE (Reuters) - Yunfeng Financial Group said it would be the main investor in a $1.7 billion acquisition of insurer MassMutual International's Hong Kong unit - a deal that sent shares in the Jack Ma-backed finance firm soaring as much as 30 percent.

Stada shareholders accept buyout offer in second round

FRANKFURT (Reuters) - Private equity groups Bain Capital and Cinven secured control of German generic drugmaker Stada with a sweetened takeover offer in the largest acquisition of a listed German company by buyout groups, ending months of uncertainty.

China's Guangzhou Automobile says no plan to buy Fiat Chrysler

BEIJING (Reuters) - China's Guangzhou Automobile Group Co Ltd has no plans to acquire automaker Fiat Chrysler Automobiles (FCA) NV , a company spokesperson said on Friday.

China issues guidelines for overseas M&As, pushes Belt and Road deals

BEIJING (Reuters) - China's cabinet on Friday issued guidelines to regulate overseas investment as Beijing looks to support capable firms investing overseas while limiting deals in property, hotels, entertainment, sports clubs, and the film industry.

Group led by Energy Capital to buy Calpine Corp for $5.6 billion

(Reuters) - Debt-laden power producer Calpine Corp said it agreed to be acquired by a consortium of investors led by Energy Capital Partners for $5.6 billion.

Exclusive: China's CEFC in early talks to buy Rosneft stake - sources

HONG KONG/BEIJING (Reuters) - CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft , three people with direct knowledge of the discussions said.

Sixt CEO hints at car-sharing merger talks between BMW and Daimler

FRANKFURT (Reuters) - German carmakers Daimler and BMW may be in talks to combine their car-sharing services Car2Go and DriveNow, the chief executive of car rental company and DriveNow partner Sixt hinted on Thursday.

Airline investor Woehrl interested in Air Berlin

FRANKFURT (Reuters) - Airline entrepreneur Hans Rudolf Woehrl is interested in insolvent Air Berlin , a spokeswoman for his company INTRO-Verwaltungs GmbH told Reuters, responding to a media report saying he was planning a bid.

Nets CEO sees 'considerable interest' from potential buyers

COPENHAGEN (Reuters) - Nets A/S , Scandinavia's largest payments processor, is seeing "considerable interest" from potential buyers amid a wave of M&A activity, the company's chief executive said on Thursday.

China Unicom shares still halted amid confusion over $12 bln fundraising

HONG KONG (Reuters) - China Unicom's two main units said on Thursday their shares would remain suspended until further notice, amid uncertainty over details of a $11.7 billion fundraising that is expected to be a model case for revamping state firms with private capital.