Reuters News

Sweden's Cevian wants spin-off, listing of ABB's Power Grids unit: Reuters

Swiss power and automation group ABB should spin off and list its Power Grids unit, the head of activist fund Cevian, ABB's second largest shareholder, said on Tuesday.

Nets' IPO pricing values Danish payments business at up to $4.8 billion: Reuters

Denmark-based card payment services company Nets set an indicative price range for its planned initial public offering (IPO) that values the business at up to $4.8 billion, nearly double the sum paid by two U.S. equity firms in 2014, Reuters reported.

Japan's Renesas pushes into autos with $3.2 billion Intersil buy: Reuters

Renesas Electronics Corp (6723.T) on Tuesday said it has agreed to buy U.S. chipmaker Intersil Corp (ISIL.O) for $3.2 billion, an all-cash deal that bolsters the Japanese group's efforts to refocus the company around automotive chips, Reuters reported.

Italy's supermarket chain Esselunga picks Citi to assess possible bids, say sources: Reuters

The 90-year old founder of leading Italian supermarket chain Esselunga is considering a possible sale and has picked Citigroup (C.N) as adviser to assess expressions of interest by private equity funds, sources told Reuters.

Spain's Repsol, Criteria agree to sell 20 pct of Gas Natural to GIP: Reuters

Spain's Repsol and Criteria Caixa, the holding company that owns Caixabank, have agreed a 3.8 billion-euro ($4.27 billion) deal to each sell a 10 percent stake in Gas Natural to Global Infrastructure Partners, they said.

SolarCity raises $305 mln to fund solar projects: Reuters

Solar panel installer SolarCity Corp, which is being bought by Tesla Motors Inc for $2.6 billion, said on Monday it had raised $305 million to fund its projects.

Associated British Food sells part of China business for $500 mln, say sources: Reuters

Associated British Foods (ABF) said on Monday it has agreed to sell its cane sugar business in southern China to a consortium led by Shenzhen-listed Nanning Sugar Industry Co Ltd.

U.S. private equity firm HarbourVest in $1.35 billion move for SVG Capital: Reuters

U.S. private equity firm HarbourVest Partners said it was taking advantage of a weaker pound to make a $1.35 billion bid for smaller British rival SVG Capital (SVI.L) without the backing of its target's board, Reuters reported.

Centerbridge, FFL offer nearly $2 billion for Highmark's vision unit, say sources: Reuters

Buyout firms Centerbridge Partners LP and Friedman Fleischer & Lowe LLC (FFL) have teamed up to buy U.S. health insurer Highmark Health's vision unit for close to $2 billion, sources told Reuters.

Speedy Hire says Jan Astrand to continue as chairman: Reuters

Speedy Hire Plc said its Executive Chairman Jan Astrand would continue in the role, after shareholders voted against a resolution by its largest stakeholder to oust him.