Reuters - Deals Today

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Tuesday, October 24, 2017

Essilor confident on Luxottica deal despite EU probe

PARIS (Reuters) - French eyewear group Essilor said on Tuesday it was confident of securing European Union approval for its $54 billion merger with Italian peer Luxottica after the EU launched a full-scale probe into its impact on competition.

Oil firm Aker BP in $2 billion deal to buy Norway unit of Hess

OSLO (Reuters) - Aker BP has agreed to buy the Norwegian unit of U.S. oil firm Hess in a $2 billion deal, the companies said on Tuesday.

Saudi Aramco CEO says considering New York, London, Tokyo, Hong Kong for listing

DUBAI (Reuters) - Saudi Aramco's chief executive said on Tuesday that domestic and international exchanges such as New York, London, Tokyo, and Hong Kong have been looked at for a partial listing of the state oil giant.

Toshiba weighing options in case chip unit sale not completed by March

CHIBA CITY, Japan (Reuters) - Toshiba Corp said it is considering various measures in case the $18 billion sale of its chip unit does not close by the end of the financial year and leaves the embattled conglomerate short of funds needed to ensure it stays listed.

Fortum to file $9.5 billion Uniper bid with German regulators

HELSINKI/FRANKFURT (Reuters) - Finnish power utility Fortum will officially submit its 8.05 billion euro ($9.46 billion) bid for German peer Uniper to German regulators on Tuesday, a spokeswoman for the company said.

Investors skeptical as Polish banks moot merger plan

WARSAW (Reuters) - State-controlled Polish banks Pekao and Alior are considering merging, to bolster their positions as lenders struggle with regulatory pressure and ultra-low interest rates.

Commerzbank hires advisers amid interest of European peers: sources

MUNICH/FRANKFURT (Reuters) - Commerzbank is working with two investment banks to prepare itself for the event of a takeover bid from a European rival, several people close to the matter said.

China's CEFC, Russia's VTB may close $5 billion loan deal by year-end: source

MOSCOW (Reuters) - CEFC China Energy is in talks with Russian state bank VTB to raise around $5 billion in loan to finance acquisition of a stake in Russia's largest oil firm Rosneft, a banking source familiar with the talks told Reuters.

International Paper to combine unit with Graphic Packaging

(Reuters) - International Paper Co has agreed to combine its North America consumer packaging business with Graphic Packaging Holding Co in a deal that values the International Paper division at $1.8 billion, the companies said on Tuesday.

Sinochem to re-evaluate oil exploration business, expand fine chemicals: chairman

BEIJING (Reuters) - China's Sinochem Group is reviewing its struggling oil exploration business and plans expansions into material and life sciences over the next decade in major strategy shift, the chairman of the state-run conglomerate said.