Reuters - Deals Today

Click to View in Browser

Tuesday, December 5, 2017

China's Sinochem seeking to sell logistics unit for $530 million

HONG KONG (Reuters) - Sinochem International Corp said it has put up its logistics unit for sale by public auction, aiming to raise about 3.5 billion yuan ($530 million) - part of the Sinochem conglomerate's efforts to respond to Beijing's push for a slimmer state sector.

UK's Cineworld targets U.S. expansion with $3.6 billion deal to buy Regal Entertainment

(Reuters) - Britain's Cineworld Group Plc sealed an agreement to buy larger U.S. peer Regal Entertainment Group on Tuesday for $3.6 billion in cash, a deal that would create the world's second largest movie theater operator.

Scotiabank says BBVA accepts offer to buy stake in BBVA Chile

(Reuters) - Bank of Nova Scotia said on Tuesday that Banco Bilbao Vizcaya Argentaria S.A. (BBVA) has formally accepted its offer to buy the Spanish lender's stake in BBVA Chile for about $2.2 billion.

Statoil presents $5.9 billion Castberg oilfield development plan

OSLO (Reuters) - Norway's Statoil presented long-awaited investment plans on Tuesday for its Arctic Johan Castberg oil discovery, which is expected to cost 49 billion Norwegian crowns ($5.89 billion) to develop ahead of a 2022 production start-up.

Sappi to buy Cham Paper's speciality paper business

JOHANNESBURG (Reuters) - South Africa's Sappi has agreed to buy a specialty paper unit from Switzerland-based Cham Paper Group for 146.5 million Swiss francs ($149 million), the company said on Tuesday.

Italy's Carige to sell consumer credit arm to Chenavari

MILAN (Reuters) - Italy's Banca Carige aims to sell its consumer credit unit to London-based hedge fund Chenavari by Dec. 6 when a vital 560 million euro ($664 million) cash call ends.

Chinese investor increases stake in Dialog Semi to over 7 percent

FRANKFURT (Reuters) - China's top state silicon chipmaker has indirectly raised its stake in Dialog Semiconductor , whose share price has plummeted on signs it could lose its top customer Apple Inc .

Chinese EV start-up WM Motor says to get funding from group led by Baidu Capital

BEIJING (Reuters) - Chinese electric vehicle (EV) startup WM Motor Technology Co Ltd will receive a sizable injection from a group of investors led by Baidu Capital, a unit of Chinese internet search firm Baidu Inc , WM Motor's founder and chief executive told Reuters.

Carrefour and Fnac Darty form French purchasing partnership

PARIS (Reuters) - French retailers Carrefour and Fnac Darty will team up for purchases of domestic appliances and consumer electronics in France as Carrefour seeks to cut costs and boost earnings, the companies said on Tuesday.

CVS, Aetna executives defend $69 billion deal to skeptical Wall Street

NEW YORK (Reuters) - CVS Health Corp and Aetna Inc said on Monday their $69 billion deal to combine the pharmacy and drug benefit manager and the No. 3 U.S. health insurer would transform healthcare and deliver cost savings, but investors took a pessimistic view of the combination in the short term.