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Friday, November 24, 2017

Uber, Yandex ride services can merge in Russia, regulator FAS rules

MOSCOW (Reuters) - Uber [UBER.UL] and Yandex's ride-sharing businesses can merge in Russia, anti-monopoly regulator FAS ruled on Friday, but stipulated that the combined company not bar drivers from working for competitors.

KKR sweetens Hitachi Kokusai bid a second time but under market price

TOKYO (Reuters) - KKR & Co LP has boosted its bid price for Hitachi Kokusai Electric Inc for a second time, seeking to appease U.S. activist hedge fund Elliott Management which has bought into the Japanese semiconductor equipment manufacturer.

Exclusive: Paddy Power has held talks about potential deal with CrownBet - sources

LONDON (Reuters) - Paddy Power Betfair , the FTSE 100 gambling company, has held talks to explore a possible tie-up with Australia's CrownBet, the online betting unit of Crown Resorts, two sources familiar with the matter said on Friday.

Indonesia has 'no clear structure' for a Freeport deal yet

JAKARTA (Reuters) - Indonesia's Ministry of State-Owned Enterprises, tipped to oversee an acquisition of a majority stake in the local unit of Freeport-McMoRan Inc, has "no clear structure" yet for the deal, a ministry official said on Friday.

BASF shares up on report over talks to merge oil and gas unit

FRANKFURT (Reuters) - Shares in BASF rose 2.9 percent on Friday, boosted by a report that the German chemicals group was in talk to combine its oil and gas unit Wintershall [WINT.UL] with DEA [RWEDE.UL], the energy group owned by Russian tycoon Mikhail Fridman.

No deal imminent in Vivendi pay-TV dispute: Mediaset CFO to Reuters

MILAN (Reuters) - A possible accord between Italian broadcaster Mediaset and French media group Vivendi to settle their dispute over a soured pay-TV deal is not imminent, Mediaset's chief financial officer told Reuters on Friday.

Romanian Banca Transilvania agrees deal to buy Greek Eurobank's Bancpost

BUCHAREST (Reuters) - Banca Transilvania , Romania's second-largest bank said on Friday it has reached an agreement with Greece's Eurobank to buy its Romanian subsidiary Bancpost and will sign the contract later in the day.

U.S. oil services firm Weatherford hires Morgan Stanley to sell units: sources

LONDON/NEW YORK (Reuters) - U.S. oil services firm Weatherford International has appointed advisers including Morgan Stanley to sell units starting in the first quarter of 2018, banking sources told Reuters.

Lithuania's Maxima plans to buy Poland's Emperia for around $338 million

WARSAW (Reuters) - Polish retail group Emperia said Lithuania's Maxima Grupe will announce a tender on Friday to buy all of Emperia's shares for at least 100 zlotys each, valuing the potential deal at around 1.2 billion zlotys ($337.96 million).

Pemex stake in Nobilis-Maximino deep water tie-up to be cut

MEXICO CITY (Reuters) - The stake held by Mexican state oil firm Pemex in the potentially lucrative Nobilis-Maximino deep water tie-up near the U.S. maritime border will be cut from 49 percent to 40 percent, an official at the company said on Thursday.