Wednesday, 27 September 2017

Reuters Deals Today: September 27, 2017

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Wednesday, September 27, 2017
France backs Siemens-Alstom rail deal despite job fears
PARIS (Reuters) - The French government said on Wednesday that combining the rail operations of Germany's Siemens AG with Alstom would preserve "strategic interests" amid fears over job cuts.
Nippon Life in talks for stake in U.S. fund manager TCW: sources
TOKYO (Reuters) - Japan's biggest private-sector life insurer, Nippon Life Insurance Co, is in talks to buy a minority stake in U.S. investment company TCW Group, sources with direct knowledge of the deal said on Wednesday.
Pirelli deflates peak IPO valuation by 19 percent: document
MILAN (Reuters) - Italian tiremaker Pirelli has lowered the maximum valuation it can achieve in its initial public offering by 19 percent to 6.7 billion euros ($7.9 billion), a notice to investors reviewed by Reuters showed on Wednesday.
SK Hynix set to invest in Toshiba chip unit, details consortium's plans
SEOUL/TOKYO (Reuters) - South Korea's SK Hynix Inc said on Wednesday its board had approved its participation in a Bain Capital-led consortium that plans to purchase Toshiba Corp's memory chip unit for 2 trillion yen ($17.7 billion).
Chevron may miss mid-October target to close sale of Bangladesh gas fields: sources
DHAKA/BEIJING (Reuters) - Chevron Corp may miss its mid-October target for closing the agreed $2-billion sale of its natural gas assets in Bangladesh to a Chinese consortium, as Dhaka weighs the prospect of a counterbid, people with knowledge of the matter said.
China's CEFC wins preliminary government approval for Rosneft deal: sources
BEIJING/HONG KONG (Reuters) - Privately-run conglomerate CEFC China Energy has obtained preliminary state approval for its proposed $9.1 billion investment in Russian oil major Rosneft , three sources with knowledge of the matter told Reuters.
France, Italy agree ownership split on STX France shipyards: Le Monde
PARIS (Reuters) - The French and Italian governments have agreed on a shared ownership deal of the STX France shipyards, but with a clause giving France the right to take control if needed, Le Monde newspaper reported.
Japan Post share sale raises $11.5 billion including overallotment
TOKYO (Reuters) - Japan's government said it has raised 1.3 trillion yen ($11.5 billion) from its sale of Japan Post Holdings Co Ltd stock, including shares sold in the overallotment portion of the deal that was determined on Wednesday.
Britain's Carillion lifted by Middle East bid report
(Reuters) - Takeover speculation drove Carillion shares almost 20 percent higher on Wednesday after a London newspaper reported that a Middle Eastern firm was preparing a bid for the struggling construction and support services company.
Australia Myer's top shareholder seeks share register, stirs M&A talk
SYDNEY (Reuters) - Myer Holdings' largest shareholder asked the company for a full list of its owners, spurring takeover speculation and sending shares of Australia's biggest department store operator soaring nearly 7 percent on Wednesday.
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