Bhinneka News Online: Reuters Deals Today: January 16, 2018

Tuesday, 16 January 2018

Reuters Deals Today: January 16, 2018

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Tuesday, January 16, 2018

Exclusive: Saudi Aramco snubs UBS and Bank of America for listing roles - sources

LONDON (Reuters) - Saudi Aramco has not invited UBS and Bank of America Merrill Lynch to pitch for senior advisory roles in its stock market listing because they have not lent money to the state oil giant in recent years, according to five finance sources.

Siemens Healthineers in cost-cutting drive before IPO

FRANKFURT (Reuters) - Healthineers, Siemens's medical imaging and diagnostics division, will launch a cost-cutting drive to address modest earnings growth this year as it prepares for a separate listing expected to value it at around 40 billion euros ($49 billion).

Continental has $6 billion to spend but no major deal seen in 2018: CEO

DETROIT (Reuters) - German automotive supplier Continental could shoulder acquisitions worth 4 to 5 billion euros (up to $6 billion) but has no plans this year for any larger takeover deal, its chief executive said.

German, Austrian administrators cooperate to secure deal for Niki

VIENNA (Reuters) - Settling a legal dispute, airline Niki's German and Austrian administrators agreed to cooperate to resolve the insolvent carrier's future swiftly and guarantee legal certainty for its buyer.

Energizer to buy Spectrum Brands unit for $2 billion

(Reuters) - Battery maker Energizer Holdings Inc said on Tuesday it would buy the global battery and portable lighting business of Spectrum Brands in a $2 billion cash deal, adding brands such as Rayovac and Vatra to its lineup.

France's Engie acquires two West African energy services companies

ABIDJAN (Reuters) - French utility Engie said on Tuesday it had acquired two West African industrial energy services companies - Afric Power and Tieri - in a bid to expand its business in the region.

Turkey's M&A market totaled to some $10 billion in 2017: E&Y report

ISTANBUL (Reuters) - The volume of mergers and acquisitions in Turkey amounted to some $10 billion in 2017 with 251 transactions, data from an Ernst & Young report showed on Tuesday, and it forecast the M&A market this year will be of a similar size.

HNA's commodity and logistics unit won't chase U.S. M&A deals in 2018: executive

HONG KONG (Reuters) - HNA Group's commodity trading and logistics unit, which last month bought a big stake in Glencore's oil storage business, will not chase U.S. deals in 2018 partly due to Washington's increased scrutiny of Chinese investments, a senior executive of the unit said.

SoftBank considers IPO for Japan wireless unit, said to seek $18 billion

TOKYO (Reuters) - SoftBank Group Corp said on Monday it was considering listing its Japanese wireless business - a move that could reportedly raise $18 billion and would accelerate the conglomerate's transformation into one of the world's biggest tech investors.

Xiaomi taps CLSA, Morgan Stanley, Goldman for IPO sponsor role: sources

HONG KONG (Reuters) - Xiaomi has tapped CLSA, Goldman Sachs and Morgan Stanley as joint sponsors for its proposed IPO, people with direct knowledge of the matter said, in what could potentially value the Chinese smartphone maker at up to $100 billion.