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Deals

Fiat Chrysler CEO says approached by several suitors for Magneti Marelli

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STERLING HEIGHTS, Michigan Fiat Chrysler Automobiles (FCA) has been approached by several suitors for its components business Magneti Marelli, the carmaker's chief executive said on Friday, without giving names or mentioning how many.

Castrol India says not aware of any stake sale by BP unit 26 Aug 2016

MUMBAI Castrol India Ltd said on Friday it was not aware of any stake sale in the company by Castrol Ltd, a unit of oil major BP Plc, and said recent news reports that such a transaction would take place were based on market speculation.

Net1 to invest up to $40 million in MobiKwik over two years 26 Aug 2016

MUMBAI Payment services provider Net1 UEPS Technologies Inc will invest up to $40 million in Indian mobile wallet services provider MobiKwik over the next 24 months, the companies said in a joint statement on Friday.

Taiwan's CTBC Financial, China CITIC Bank cancel deals 26 Aug 2016

TAIPEI/BEIJING CTBC Financial Holdings, parent of Taiwan's top credit card issuer, and Chinese state-backed lender China CITIC Bank Corp have cancelled investments in each other amid fresh cross-strait political tensions.

Glencore speeds up debt reduction with Australian copper mine deal 24 Aug 2016

MELBOURNE Glencore Plc has agreed to sell all the gold and a 30 percent stake in its Ernest Henry copper mine in Australia to Evolution Mining for A$880 million ($670 million), advancing the Swiss giant's effort to pay down debt.

BP unit selling up to $261 million stake in Castrol India - termsheet 23 Aug 2016

MUMBAI Castrol Ltd, a unit of oil major BP Plc, is selling an up to $261 million stake in Castrol India Ltd in a block trade on Wednesday, according to a termsheet seen by Reuters.

China's Silk Road powers bids for $1.5 billion Pakistan utility stake 24 Aug 2016

SINGAPORE/ISLAMABAD Chinese state-backed firms are frontrunners to buy a $1.5 billion controlling stake in Pakistani utility K-Electric, sources said, as they bet the benefits of a Beijing-led economic corridor will trump the risks of investing in Pakistan.

AIG in talks to sell Lloyd's insurance business to CPPIB - WSJ 23 Aug 2016

American International Group Inc is in early talks to sell Lloyd's of London Ltd's [SOLYD.UL] insurance operations to Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported on Tuesday.

Idea Cellular denies report on merger talks with Vodafone 23 Aug 2016

MUMBAI India's No. 3 mobile phone carrier, Idea Cellular, strongly denied a news report on Tuesday that it was in exploratory talks about a merger with larger rival Vodafone India.

South Africa and ArcelorMittal forge steel pricing agreement 23 Aug 2016

CAPE TOWN ArcelorMittal's South African business and the country's government have agreed a new pricing model aimed at bolstering the domestic steel sector and reviving the economy.