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Deals

Australia, India deals boost French arms sales to record 20 billion euros in 2016

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PARIS French weapons sales hit a record high of more than 20 billion euros ($21.33 billion) in 2016 after submarine contracts in Australia and fighter jet sales to India, France's defence minister said.

INSIGHT: Sanofi's M&A misses frustrate some investors in drugmaker 20 Jan 2017

PARIS/DAVOS, Switzerland For the last year, Sanofi's chief executive has made clear his quest for deals to help revive the fortunes of France's biggest drugmaker.

France's Safran launches $9 billion agreed bid for Zodiac Aerospace 19 Jan 2017

PARIS French aero engine maker Safran on Thursday launched a $9 billion agreed bid for seats manufacturer Zodiac Aerospace to create the world's third-largest aerospace supplier as the industry bulks up to tackle record high output plans.

Aviva merges UK insurance businesses, Europe CEO quits 19 Jan 2017

LONDON British insurer Aviva will merge its UK life and general insurance businesses as it focuses on offering products online, it said on Thursday, in an organisational shake-up that also saw the departure of its European chief.

Big Oil back on the acquisition trail as outlook brightens 19 Jan 2017

LONDON The world's top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices.

Zodiac Aerospace rockets after Safran bid, European shares retreat 19 Jan 2017

LONDON European stocks dipped on Thursday, though Zodiac Aerospace's shares surged after a takeover offer by France's Safran and Moneysupermarket.com also jumped after it reported strong results.

VTB boss says Rosneft sale 'paid for by foreign firms' - Tass 18 Jan 2017

MOSCOW The acquisition of a 19.5 percent stake in Russia's Rosneft oil firm was paid for by foreign companies, Tass news agency quoted Andrei Kostin, Chief Executive of Russian state lender VTB, as saying on Wednesday.

Toshiba eyes stake sale in chip business as writedown looms - source 18 Jan 2017

TOKYO Toshiba Corp wants to sell a minority stake in its core semiconductor business and is considering potential buyers including U.S. partner Western Digital Corp, a source said, as the Japanese group prepares for a multi-billion-dollar writedown.

Lufthansa not in talks with Etihad over stake - sources 17 Jan 2017

FRANKFURT Germany's Lufthansa is not in talks about Etihad Airways taking a stake in the German airline, two sources familiar with the matter said on Tuesday, denying an Italian newspaper report that said it was.

BAT agrees to buy Reynolds for $49 billion 17 Jan 2017

LONDON British American Tobacco has agreed a $49.4 billion takeover of U.S. rival Reynolds American Inc , creating the world's biggest listed tobacco company after it increased an earlier offer by more than $2 billion.