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Wednesday, October 4, 2017

Bain Capital says to meet media on Thursday to discuss Toshiba chip deal

TOKYO (Reuters) - U.S. buyout firm Bain Capital, which leads a consortium that last week signed an $18 billion deal with Toshiba Corp to buy its chip unit, said it will hold a news conference at 3 pm JST (0600 GMT) on Thursday to discuss the deal.

Prudential seeks sale of Vietnam consumer finance unit for up to $150 million: sources

HONG KONG/SINGAPORE (Reuters) - Prudential Plc has kicked off the sale of its Vietnam consumer finance unit, which could fetch up to $150 million, as the UK firm sharpens focus on its core insurance business in the Southeast Asian nation, people familiar with the process said.

Buffett bets on truck stops, to buy majority of Pilot Flying J

(Reuters) - Warren Buffett's Berkshire Hathaway Inc bought a major stake in Pilot Flying J, the largest U.S. truck stop operator, and said it will become the majority owner in six years, deepening its commitment to the American economy.

Brazil agency defers Bayer-Monsanto decision, cites anti-trust concerns

SAO PAULO (Reuters) - A unit of Brazil's competition regulator Cade has postponed a decision on whether to approve the $66 billion takeover of Monsanto Co. by German life sciences firm Bayer SA , a document released on the agency's website shows.

U.S. House committee launches probe of Allergan patent deal

NEW YORK (Reuters) - A U.S. House of Representatives committee launched a probe into drugmaker Allergan Plc's deal to transfer some of its patents to a Native American tribe to shield them from review.

Amazon looking at French distribution deals: report

PARIS (Reuters) - Amazon has approached various French supermarket operators - including Casino - about setting up distribution deals or making an acquisition in the country, newspaper Le Monde reported, citing its own sources.

Share price fall deflates Pirelli's market comeback

MILAN (Reuters) - Shares in Italy's Pirelli fell on Wednesday on the tiremaker's return to the Milan stock exchange two years after it was taken over by China National Chemical Corp (ChemChina) and a group of Italian investors.

Publicis shares rise on CapGemini comments on advertising M&A: traders

PARIS (Reuters) - Shares in advertising group Publicis rose to the top of France's benchmark CAC-40 index on Wednesday, lifted by comments about consolidation in the industry made by the head of CapGemini , traders said.

Exclusive: Big HNA stake was held in trust as a favor, company's dealmaker says

HONG KONG/NEW YORK (Reuters) - An Indian-American dealmaker for HNA Group, who recently held a big stake in the Chinese conglomerate, said he kept the shares for a decade as an "accommodation" to the company and received no compensation for doing so.

Russia's Gazprom aims for 10 percent of China gas market after 2025

ST PETERSBURG, Russia (Reuters) - Russia's biggest natural gas producer Gazprom aims to take a 10 percent share of the Chinese gas market after 2025, a company executive told an energy conference on Wednesday.