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Mergers & Acquisitions

UPDATE 1-KKR-backed Calsonic to buy Fiat Chrysler's Magneti Marelli unit for $7.1 bln

TOKYO/MILAN, Oct 22 Japanese car parts maker Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler's high-tech parts-making unit Magneti Marelli unit for 6.2 billion euros ($7.1 billion), the companies said.

UPDATE 1-Saudi Arabia has "no intention" of 1973 oil embargo replay – TASS

* Saudis to raise output to 11 mln bpd, capacity for 12 mln bpd (Adds detail, quotes)

11:09am IST

KKR-backed Calsonic to buy Fiat Chrysler's Magneti Marelli unit for $7.1 bln

TOKYO, Oct 22 Japanese car parts maker Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler's high-tech parts-making unit Magneti Marelli unit for 6.2 billion euros ($7.1 billion), the companies said.

Saudi Arabia says "no intention" to repeat 1973-style oil embargo – TASS

LONDON, Oct 22 Saudi Arabia has no intention of unleashing a 1973-style oil embargo on Western consumers and will isolate oil from politics, the Saudi energy minister said on Monday amid a worsening crisis over the killing of Saudi journalist Jamal Khashoggi.

10:49am IST

UPDATE 2-Australia's WorleyParsons to buy Jacobs energy, resources arm for $3.3 bln

* Jacobs looks to expand in infrastructure (Adds WorleyParsons CEO comments)

10:09am IST

Jacobs agrees to sell energy, chemicals business to WorleyParsons for $3.3 bln

NEW YORK, Oct 21 Jacobs Engineering Group Inc has agreed to sell its energy, chemicals and resources business to WorleyParsons for $3.3 billion, the Dallas-based company said in a statement on Sunday.

5:23am IST

Goldman-backed fintech startup Marqeta launches in Europe

LAS VEGAS, Oct 21 Marqeta, a U.S. financial technology startup that helps young companies including digital-only banks issue payment cards, has expanded into Europe, the company said on Sunday.

UPDATE 2-Fiat Chrysler agrees to sell Magneti Marelli to Calsonic Kansei-sources

* Deal values M. Marelli at 6.2 bln euros, excl. debt - source

Australia's Event Hospitality & Entertainment to sell German unit

Oct 22 Event Hospitality and Entertainment Ltd on Monday said it would sell its German cinema exhibition division, CineStar, to Vue International Bidco Plc for as much as 221.8 million Euros ($255.38 million).

3:12am IST

Fiat Chrysler has agreed to sell Magneti Marelli to Calsonic Kansei-Bloomberg

Oct 21 Fiat Chrysler Automobiles NV (FCA) has agreed to sell its Magneti Marelli unit to KKR's Calsonic Kansei, Bloomberg reported on Sunday, citing people with knowledge of the talks.

Regulatory News, Japan 1:09am IST