Bhinneka News Online: Reuters Deals Today: June 2, 2017

Friday, 2 June 2017

Reuters Deals Today: June 2, 2017

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Friday, June 2, 2017

Linde shares seen up after boards agree Praxair merger

WUERZBURG, Germany (Reuters) - Shares in Germany's Linde looked set to top the blue-chip DAX index on Friday after the company's boards agreed a $73 billion merger with U.S. peer Praxair to create the world's biggest industrial gases group.

EU regulators say Qualcomm has not offered concessions in NXP bid

BRUSSELS (Reuters) - U.S. smartphone chipmaker Qualcomm has not offered any concessions so far in its $38-billion bid for NXP Semiconductors , EU antitrust regulators said on Friday, increasing the risk of a lengthy investigation into the deal.

How PPG lost its $29.5 billion bet on Dulux paint

LONDON/AMSTERDAM (Reuters) - In early March, U.S. paint maker PPG 's Chief Executive Michael McGarry flew from Pittsburgh to Amsterdam to take Akzo Nobel boss Ton Buechner for lunch.

KKR closes new Asia fund at record $9.3 billion, seeks bigger deals

HONG KONG (Reuters) - Private equity firm KKR & Co said on Friday it raised $9.3 billion for its most recent Asia-focused buyout fund, more than expected and setting a record for the region as it looks for larger deals.

Enel aims to sell Russia's Reftinskaya power plant in 2017: CEO

ST PETERSBURG, Russia (Reuters) - Italy's Enel has mandated Sberbank to arrange the sale of its Reftinskaya coal power plant in Russia and hopes to do the deal in 2017, Enel Chief Executive Francesco Starace told Reuters.

Russian investors could take part in Saudi Aramco IPO: RIA cites Novak

MOSCOW (Reuters) - Russian investors could look into the possibility of taking part in the privatization of Saudi Arabia's oil giant Saudi Aramco, once conditions for the sale are announced, RIA news agency quoted Russian Energy Minister Alexander Novak as saying on Friday.

Malaysia's Lotte Chemical to raise $1.4 billion in IPO

SEOUL (Reuters) - Malaysia's Lotte Chemical Titan Holding [TTNP.UL] will raise 1.55 trillion won ($1.38 billion) from new shares being issued in an initial public offering (IPO), its South Korean parent Lotte Chemical Corp said on Friday.

Doubts over merger drag on stocks of Malaysian lenders RHB and AmBank

KUALA LUMPUR (Reuters) - Shares of RHB Bank and AMMB Holdings (AmBank) fell on Friday on concerns that a potential merger between the two lenders in Malaysia's biggest ever banking deal would create little value for investors.

Baidu in self-driving car tech tie-ups with Bosch, Continental

SAN FRANCISCO (Reuters) - Chinese Internet company Baidu announced two separate partnership deals on Thursday with top German auto suppliers Robert Bosch and Continental AG to co-develop autonomous driving technology and smart mobility services.

Deere to buy German road construction firm for about $5 billion

(Reuters) - Deere & Co said on Thursday it would buy privately held German company Wirtgen Group for about $4.88 billion to expand its road construction operations as it looks to cut down its dependence on its slowing farm business.