Reuters - Deals Today

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Monday, January 15, 2018

SoftBank considers IPO for Japan wireless unit, said to seek $18 billion

TOKYO (Reuters) - SoftBank Group Corp said on Monday it was considering listing its Japanese wireless business - a move that could reportedly raise $18 billion and would accelerate the conglomerate's transformation into one of the world's biggest tech investors.

Xiaomi taps CLSA, Morgan Stanley, Goldman for IPO sponsor role: sources

HONG KONG (Reuters) - Xiaomi has tapped CLSA, Goldman Sachs and Morgan Stanley as joint sponsors for its proposed IPO, people with direct knowledge of the matter said, in what could potentially value the Chinese smartphone maker at up to $100 billion.

Exclusive: China's JD.com targets $2 billion fundraising at logistics unit - sources

HONG KONG (Reuters) - China's second-biggest e-commerce firm JD.com has kicked off a fundraising round at its logistics unit with a target of at least $2 billion, and eventually plans to list the business overseas, people with direct knowledge of the matter said.

Britain's Labour demands answers from government on Carillion

LONDON (Reuters) - Britain's main opposition party called on the government on Monday to explain why it awarded Carillion contracts worth nearly 2 billion pounds ($2.75 billion) after the company had posted profit warnings.

China's Lufax seeks $60 billion valuation with April Hong Kong IPO: SCMP

HONG KONG (Reuters) - China's largest online wealth management platform, Shanghai Lujiazui International Financial Asset Exchange, or Lufax, is seeking a valuation of $60 billion with its April initial public offering in Hong Kong, the South China Morning Post reported on Monday.

Melrose looks to win over GKN shareholders after spurned 7 bln stg bid

(Reuters) - Turnaround specialist Melrose plans to meet shareholders in GKN to convince them of the benefits of its 7 billion pound ($9.61 billion) takeover offer, which had been rejected by management.

Noble Group nets less than expected from oil unit sale to Vitol

LONDON (Reuters) - Struggling commodities trader Noble Group has completed the sale of its U.S.-focused oil business to the world's largest oil trader Vitol, but net proceeds from the deal are lower than a previously announced estimate, the company said on Monday.

Air India to be split into four entities ahead of sale: Bloomberg

(Reuters) - India will split state-run carrier Air India [AIN.UL] into four separate companies and offer at least 51 percent in each of them as part of a divestment plan proposed by the government, Bloomberg reported on Monday.

Russian gold miner Polyus says Fosun stake deal scrapped

MOSCOW (Reuters) - Russia's largest gold miner Polyus said on Monday that plans to sell a 10 percent stake to a consortium led by China's Fosun International had been dropped after one of the conditions of the agreement was not met.

Saidoff offer to buy parent company of Israel's Bezeq brought to court

JERUSALEM (Reuters) - Eurocom Group, the parent company of Bezeq Israeli Telecom , has petitioned a Tel Aviv court to allow a debt settlement that would bring it a new controlling shareholder, a Eurocom subsidiary said on Monday.