Deals

Telefonica to exit Telecom Italia after Brazil deal

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SANTANDER Spain - Telefonica plans to exit Telecom Italia once the Spanish group has finalised the purchase of Vivendi's Brazilian broadband business GVT, ending a long-standing shareholding and easing competition concerns in Brazil.

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Iliad still in the hunt for T-Mobile US 01 Sep 2014

PARIS - French low-cost telecom operator Iliad may improve its $15 billion offer for T-Mobile US but has set specific limits on how much money it would raise to fund any deal.

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Heineken to sell Mexican can, bottle maker to Crown 01 Sep 2014

AMSTERDAM/BRUSSELS - Dutch brewer Heineken has agreed to sell its Mexican packaging business Empaque to Crown for $1.23 billion including debt, shedding a non-core business it acquired when entering the Mexican market in 2010.

Blavatnik's Access Industries bids to buy all of Perform 01 Sep 2014

LONDON - Len Blavatnik's investment group Access Industries said on Monday it planned to buy out the rest of Perform that it did not already own, valuing the entire sports rights firm at 701.6 million pounds ($1.2 billion).

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Samsung Heavy to absorb Samsung Engineering for $2.5 billion 01 Sep 2014

SEOUL - Samsung Heavy Industries will absorb Samsung Engineering for about $2.5 billion, the latest step in a restructuring at South Korea's largest conglomerate that has accelerated since the controlling Lee family's patriarch was hospitalized in May.

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Hectic pace of Spanish bank deals to slow after Barclays sale 01 Sep 2014

MADRID - Barclays' sale of its Spanish banking business to Caixabank looks set to mark the end of a hectic first round of consolidation in the country's finance industry as it emerges from the financial crisis.

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Exclusive: Norwegian Cruise nears $3 billion Prestige Cruises deal - sources 31 Aug 2014

- Norwegian Cruise Line Holdings Ltd , the world's third largest cruise operator, is in advanced talks to acquire peer Prestige Cruises International Inc for around $3 billion, according to people familiar with the matter.

Bankers line up around 1 billion euros of debt for Get sale 01 Sep 2014

LONDON - Bankers are working on debt financing packages of around 1 billion euros ($1.3 billion) to back a potential sale of Norway's second-biggest cable operator Get, banking sources said on Monday.

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Virgin Money eyes 2 billion pound stock market listing: Sky News 31 Aug 2014

- Virgin Money [NRTRK.UL], the British financial services company partly owned by Sir Richard Branson, is in talks over a possible 2 billion pound ($3.32 billion) stock market listing as early as next month, Sky News reported on Sunday, citing people familiar with the matter.

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Telecom Italia in a bind after losing GVT bid battle 31 Aug 2014

PARIS/LONDON/MILAN - Telecom Italia has lost a promising path to earnings growth by failing to secure Brazilian broadband business GVT and may now turn from hunter to hunted in a fast-consolidating telecoms industry.

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