Reuters - Deals Today

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Thursday, July 20, 2017

Exclusive: U.S. Cardinal Health puts $1.5 billion China business on block - sources

HONG KONG (Reuters) - U.S. drug distributor Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms in a deal that may be worth up to $1.5 billion, sources familiar with the matter said.

Nestle CEO plays down chances of deal rush: Manager Magazin

ZURICH (Reuters) - Nestle Chief Executive Mark Schneider played down the chances of a rush of deals involving the Swiss food group after the company said last month it may sell its roughly $900 million-a-year U.S. confectionery business.

UK to give update on Fox-Sky merger on Thursday: opposition Labour Party

LONDON (Reuters) - The British government will update parliament on Thursday on the next steps in Twenty-First Century Fox's bid for European pay-TV group Sky, the opposition Labour Party said on Twitter.

Fast and furious: Wanda restructures $9 billion deal under pressure

HONG KONG/BEIJING (Reuters) - Dalian Wanda Group's abrupt reworking of a $9 billion property sale was messy until minutes before a high-profile announcement, as all sides scrambled to simplify payment - underscoring Beijing's concerns over creative lending and ambitious deals.

Oman Air in talks with Airbus, Boeing to expand wide-body fleet to 25 jets

KUALA LUMPUR (Reuters) - Oman's national airline is in talks with planemakers Airbus and Boeing to expand its wide-body fleet to 25 jets and hopes to conclude the deal in the next two to three months, its chief executive said on Thursday.

Etihad Airways sells first airline stake since launching review

ABU DHABI/DUBAI (Reuters) - Etihad Airways has sold its minority stake in European regional carrier Darwin Airline, the first divestment since launching a strategic review last year and just weeks after chief executive James Hogan left the Abu Dhabi carrier.

Adnoc hires banks for fuel retailer IPO: sources

ABU DHABI/DUBAI (Reuters) - Abu Dhabi National Oil Company (Adnoc) has picked a local bank and three foreign lenders as bookrunners for the planned initial public offering of its retail unit that could raise $1.5 billion to $2 billion, sources said on Thursday.

Ablynx signs Sanofi deal potentially worth up to $2.8 billion

(Reuters) - French drugmaker Sanofi boosted its early-stage pipeline in immunology on Thursday by signing a deal with Ablynx that could earn the Belgian biotech firm as much as 2.4 billion euros ($2.8 billion).

Shares in Fincantieri gain as STX deal seen closer

MILAN (Reuters) - Shares in Fincantieri rose on Thursday after French Economy Minister Bruno Le Maire said an accord with the Italian shipbuilder over STX France could be found soon.

Exclusive: Swiss payment firm Global Blue to hire banks for 2018 listing - sources

HONG KONG/LONDON (Reuters) - The owners of shopping tax-refund firm Global Blue have held talks with investment banks over the past two days to choose advisers for a possible share sale next year, sources familiar with the matter told Reuters.