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Monday, September 11, 2017

Cargill sells U.S. metals ops to Japan's Metal One as boosts focus on food

TOKYO (Reuters) - Global commodities trader Cargill Inc [CARG.UL] said it has agreed to sell its U.S. metals business to Japan's Metal One Corp, its latest move to boost its focus on higher-margin food and agricultural businesses.

Japan govt launches $12 billion follow-up sale of Japan Post Holdings shares

TOKYO (Reuters) - The Japanese government said it will sell additional shares in Japan Post Holdings Co Ltd worth around $12 billion, but the offering is expected to struggle to attract healthy demand from institutional investors due to lack of a strong growth story.

Pilgrim's Pride buys poultry supplier for $1 billion

(Reuters) - Pilgrim's Pride Corp , a U.S. based chicken processor, said on Monday it bought poultry supplier Moy Park from Brazil's JBS SA in a deal valued at about $1 billion.

Elliott stake in Japan's Hitachi Kokusai complicates stalled KKR bid

TOKYO/HONG KONG (Reuters) - U.S. hedge fund Elliott Management Corp said on Monday it has a stake of just over 5 percent in Hitachi Kokusai Electric , further complicating a stalled bid by U.S. buyout firm KKR & Co LP to acquire the company.

Canada's Alamos Gold to buy Richmont in a deal valued at C$905 million

(Reuters) - Canada's Alamos Gold Inc will buy smaller rival Richmont Mines Inc in an all-stock deal valued at about C$905 million ($747 million).

CBS paying at least $162 million cash for Australia's Ten Network

SYDNEY (Reuters) - CBS Corp will pay at least A$201.1 million ($162 million) in cash to buy Australian broadcaster Ten Network Holdings , according to documents released on Monday by Ten's administrator.

ADNOC could list stake in fuel retail business in early 2018: sources

DUBAI (Reuters) - Abu Dhabi National Oil Co (ADNOC) could list more than 10 percent of its fuel retail business by early 2018 and one or two more businesses later as part of a major shake-up, sources familiar with the matter said.

Australia's Cromwell to float $1.1 billion REIT in Singapore

SYDNEY (Reuters) - Australia's Cromwell Property Group will tap Asian investors in a bid to raise as much as 900 million euros ($1.1 billion) through a real estate investment trust in Singapore, according to a prospectus lodged Friday.

Garuda Indonesia unit GMF AeroAsia to raise up to $422 million from IPO

JAKARTA (Reuters) - Garuda Maintenance Facility AeroAsia, the aircraft maintenance and repair unit of Indonesian flag carrier PT Garuda Indonesia Tbk , is raising as much as 5.55 trillion rupiah ($422 million) from an IPO to help drive its expansion plans.

Bain, SK Hynix group ups bid for Toshiba chip unit to $22 billion: sources

TOKYO (Reuters) - A group including Bain Capital and South Korea's SK Hynix has raised its offer for Toshiba Corp's chip business to 2.4 trillion yen ($22.3 billion) including a 200 billion yen investment in infrastructure, sources familiar with the matter said.