DAVOS, Switzerland (Reuters) – Oleg Deripaska will remain as UC RUSAL’s chief executive after losing majority control of the indebted aluminum giant in a $2.2 billion IPO, he said in an interview cleared for publication on Monday.
HONG KONG (Reuters) – A major shareholder of the Chinese company buying General Motors’ Hummer brand said on Monday that he hopes the deal can be approved by the Chinese government this spring, paving the way for production of the iconic SUVs in China…
SEOUL (Reuters) – Shareholders of Hynix Semiconductor have extended the deadline for preliminary bids for a controlling stake in the memory chip maker, in their latest efforts to find a buyer before turning to market sales.
HONG KONG (Reuters) – HSBC Holdings is happy with its stake in Bank of Communications as its primary investment vehicle in China, HSBC’s chief executive said on Monday.
NEW YORK (Reuters) – Peet’s Coffee & Tea Inc plans to announce on Monday it will extend its tender offer for shares of Diedrich Coffee Inc by 30 days, a person with knowledge of the situation said, signaling its anticipation that regulators could…
NEW YORK (Reuters) – Walt Disney Co is looking to sell what is left of its Miramax film unit, which could bring in more than $700 million, The New York Times reported on Sunday, citing a mergers and acquisitions expert with knowledge of the process.
SYDNEY (Reuters) – Port operator DP World, part of Dubai World conglomerate, is considering a A$1 billion ($884 million) initial public offering (IPO) by spinning off some of its Australian assets, a media report said on Monday.
MEXICO CITY (Reuters) – Nestle, the world’s biggest food group, said on Saturday it will invest 5 billion pesos ($390 million) in Mexico over the next three years to increase coffee processing capacity, part of a $1 billion expansion plan.
WARSAW (Reuters) – Poland will hold the bookbuidling process for the sale of a 16-percent stake in Enea between Feb 4 and Feb 9, according to documents sent out to selected institutional investors released by the company on Saturday.
SAO PAULO (Reuters) – Braskem , Latin America’s largest petrochemical company, may unveil as soon as Monday the purchase of U.S.-based Sunoco Inc.’s petrochemical assets for about $400 million, O Estado de S.Paulo newspaper reported on Saturday, witho…