Mergers & Acquisitions

UPDATE 1-Chevron nears sale of Egypt, Pakistan downstream assets -sources

DUBAI, May 21 - Chevron Corp is in advanced talks to sell most of its downstream assets in Egypt and Pakistan, three sources said, with the planned disposals seen raising around $300 million for the U.S. oil major.

UPDATE 4-Vodafone chief Colao says happy with Verizon stake

LONDON, May 21 - Vodafone boss Vittorio Colao staked his reputation on selling the group's prized stake in U.S. operator Verizon Wireless at the right time and right price, saying on Tuesday he would not bow to pressure to do any deal.

UPDATE 1-Armani sees no slowdown, even in China

PARIS/MILAN May 21 - Italian fashion house Giorgio Armani on Tuesday said it had not seen a slowdown, even in China, the industry's main engine of growth, where rivals noted more muted demand in recent months.

Company Outlooks, 5:36pm BST

UPDATE 2-Fiat Industrial seeks UK residence to cut tax bill

* Fiat Industrial paid 36 pct effective rate in Italy in 2012

Regulatory News 5:26pm BST

BRIEF-Sarantel says to sell operating business

LONDON, May 21 - Sarantel Group PLC : * Determined that a sale of the operating business would be in the best

Bankruptcy 1:52pm BST

Vodafone says comfortable with Verizon Wireless status quo

LONDON, May 21 - Vodafone said on Tuesday that it was very comfortable with its successful U.S. joint venture Verizon Wireless, but if an offer materialized that would benefit it more than the status quo, it would consider it.

Regulatory News 1:01pm BST

UPDATE 1-Royal Mail profit soars before privatisation

LONDON, May 21 - Britain's Royal Mail more than doubled annual profit on the back of an online shopping boom, providing a timely boost as it plans for a stock market listing this year.

Private Capital 12:24pm BST

Vodafone India exec says IPO unlikely this year

NEW DELHI, May 21 - A planned initial public offering of Vodafone Group Plc's Indian unit is unlikely this year, the unit's Chief Executive Marten Pieters said in New Delhi on Tuesday.

IPOs, 10:27am BST

Novo holding company buys Norwegian Xellia

COPENHAGEN, May 21 - Novo A/S, the holding company of Danish insulin producer Novo Nordisk, on Tuesday said it had acquired Norwegian-based Xellia Pharmaceuticals for about $700 million.

10:16am BST

BRIEF-Green Dragon Gas completes business review

LONDON, May 21 - Green Dragon Gas Ltd : * Strategic review * Continuation of shareholder value focused business plan to monetize upstream

9:53am BST
Deals

M&A ($B)

 
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