Reuters - Deals Today

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Tuesday, July 4, 2017

Total nears deal to invest up to $2 billion in Iran's petrochemical industry

LONDON (Reuters) - Total and Iran have reached a preliminary agreement to build three petrochemical plants in a deal that if finalised could see the French oil major investing up to $2 billion in Iran, an Iranian oil industry official said on Tuesday.

Corvex, NYC investment group seek to scuttle Clariant-Huntsman deal

ZURICH (Reuters) - Activist investor Keith Meister's Corvex hedge fund and New York's 40 North said on Tuesday they had taken a 7.2 percent stake in Clariant to fight the Swiss chemical maker's planned merger with Huntsman Corp .

UK's Worldpay says had takeover approaches from Vantiv, JPMorgan

LONDON (Reuters) - Worldpay Group Plc , Britain's largest payment processor, said on Tuesday that it had received separate takeover approaches from U.S. credit card technology firm Vantiv Inc and JPMorgan Chase Bank .

Russia's VEB inks 6 billion yuan deal with China Development Bank

MOSCOW (Reuters) - Russian state development bank VEB signed an agreement on Tuesday to attract 6 billion yuan ($882.35 million) from China Development Bank for innovations, including the development of blockchain technologies, VEB head Sergei Gorkov told reporters.

EDP denies talks with Gas Natural over merger

LISBON (Reuters) - Energias de Portugal (EDP) denied on Tuesday the existence of negotiations over a possible merger with Spain's Gas Natural.

Brookfield places formal bid for Brazil's Renova, sources say

SAO PAULO (Reuters) - Brookfield Asset Management Inc placed on Monday a formal bid for control of Renova Energia SA , which would include 800 million reais ($242 million) in fresh capital for the Brazilian renewable energy company, two people with knowledge of the situation said.

China's Tencent invests in Indonesia's Go-Jek amid SE Asia push: sources

HONG KONG (Reuters) - Tencent Holdings Ltd has invested around $100 million to $150 million in Indonesian ride-hailing startup Go-Jek, sources said, in another sign the Chinese tech giant was looking to tap into growth in Southeast Asia's mobile-based services.

Broadcom wins U.S. antitrust consent to buy Brocade: FTC

WASHINGTON (Reuters) - Chipmaker Broadcom Limited has won U.S. antitrust approval to buy Brocade Communications Systems , the Federal Trade Commission said on Monday.

France's Danone to sell Stonyfield to Lactalis for $875 million

PARIS (Reuters) - French food group Danone has agreed to sell its U.S dairy business Stonyfield to Lactalis for $875 million, a move designed to address competition concerns stemming from its acquisition of U.S. organic food group WhiteWave.