Reuters - Deals Today

Click to View in Browser

Wednesday, July 12, 2017

Toshiba's Landis+Gyr seen fetching up to $2.5 billion in IPO

ZURICH (Reuters) - Toshiba's Landis+Gyr smart meters unit aims to raise up to 2.4 billion Swiss francs ($2.5 billion) in an initial sale of shares, as the Japanese company unloads the business to help cover losses at its bankrupt U.S. nuclear unit Westinghouse.

Exclusive: Brazil's VMH seeks Toronto IPO at $4 billion valuation, sources say

TORONTO/SAO PAULO (Reuters) - Votorantim Metais Holding SA is looking to raise $750 million in an initial public offering on Canada's Toronto Stock Exchange that would value the Brazilian base metals producer at $4 billion, two people with direct knowledge of the plan said on Wednesday.

Metro's food business to list on Thursday after court allows demerger

DUESSELDORF (Reuters) - German retailer Metro will list as two separate companies after a German court gave the green light on Wednesday for the conglomerate to split its food business from its consumer electronics division.

Shell to sell stake in Corrib gas field in Ireland for $1.23 billion

(Reuters) - Royal Dutch Shell is to sell its 45 percent stake in the Corrib gas venture to a subsidiary of Canada Pension Plan Investment Board for up to $1.23 billion, marking the oil company's exit from the upstream business in Ireland.

Janitorial services provider ABM to buy GCA Services for $1.25 billion

(Reuters) - Building maintenance and janitorial services provider ABM Industries Inc said it would buy privately held rival GCA Services Group for about $1.25 billion in cash and stock to enhance its presence in the education and commercial markets.

UK's Equiniti to buy Wells Fargo's share registration unit for $227 million

(Reuters) - Britain's Equiniti Group Plc said it would buy Wells Fargo & Co's share registration business for $227 million as it looks to enter the United States, the largest and most active share registration market.

Brazil watchdog unit backs Itaú's Citibank Brasil deal under conditions

SAO PAULO (Reuters) - A unit of Brazil's antitrust watchdog Cade backs Itaú Unibanco Holding SA's planned purchase of Citigroup Inc's retail banking assets in the country, tied to a series of self-imposed limits aimed at preserving competition.

Stada says activist investor Elliott builds 8.7 percent stake

FRANKFURT (Reuters) - Activist investor Elliott has built an 8.7 percent stake in Stada, the generic drugmaker which has backed a takeover offer from buyout groups Bain and Cinven said on Wednesday.

Swedish government seeking buyers for SAS stake: Affarsvarlden magazine

STOCKHOLM (Reuters) - The Swedish government is seeking buyers for its holding in airline SAS , business magazine Affarsvarlden reported on Wednesday, citing unidentified sources.

CITIC Bank International looks to offload $2.8 billion loan portfolio: Basis Point

HONG KONG (Reuters) - China CITIC Bank International, the offshore banking arm of conglomerate CITIC Group, is selling $2.8 billion of its Asian loan portfolio including financing it extended to ChemChina, Fosun International and China Evergrande Group, Thomson Reuters Basis Point reported on Wednesday.