Newsletter BOX: Deals Today

08/13/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Slim-backed Telekom Austria and KPN form network pact

VIENNA (Reuters) - Telekom Austria and Dutch group KPN, the European rivals in which Mexican tycoon Carlos Slim has invested, have joined forces to offer internet-based data services to wholesale and large business customers, they said on Tuesday.

Gazprom unit wins $3 billion auction for Moscow heat supplier

MOSCOW (Reuters) - A unit of state-run gas export monopoly Gazprom has won an auction to buy 90 percent of Moscow power generation company MOEK, with a bid of 98.6 billion roubles ($3 billion), according to results of the auction seen by a Reuters reporter.

Pharmstandard to buy ingredient supplier for $590 million

MOSCOW (Reuters) - Russian drugmaker Pharmstandard has agreed to buy a supplier of ingredients for its flagship anti-viral and anxiety drugs for $590 million, as part of a plan to spin off its over-the-counter (OTC) business.

Flowers Foods beats estimates as acquisitions boost sales

(Reuters) - Flowers Foods Inc , the No. 2 U.S. baking company, reported better-than-expected second-quarter results, driven by its recent acquisitions of Lepage Bakeries and some of Sara Lee's bread brands in California.

Groupama sells last of SocGen stake for 518 million euros

PARIS (Reuters) - French insurer Groupama has sold its remaining stake in bank Societe Generale for 517.8 million euros ($688.3 million) as it continues moves to shore up its balance sheet.

Visteon to sell Chinese JV stake to partner for $1.2 billion

(Reuters) - Automotive parts supplier Visteon Corp agreed to sell its 50 percent stake in Chinese joint venture Yanfeng Visteon Automotive Trim Systems Co Ltd and its direct interest in certain YFV affiliates to its partner Huayu Automotive Systems Co Ltd (HASCO) for about $1.2 billion.

Whirlpool to buy 51 percent stake in Hefei Sanyo for $552 million

(Reuters) - Home appliance maker Whirlpool Corp said its Chinese unit would acquire a 51 percent stake in Hefei Rongshida Sanyo Electric Co Ltd for about 3.4 billion yuan ($552 million).

ThyssenKrupp considers sale of only U.S. plant: sources

FRANKFURT (Reuters) - Germany's ThyssenKrupp is looking at several options for the disposal of its Steel Americas business, including offloading only the U.S. part of it, as talks to sell the Brazilian plant drag on, two people said on Tuesday.

IHS raises outlook, says looking for more acquisitions

(Reuters) - IHS Inc , publisher of Jane's Defence Weekly, raised its forecast for the year ending November 30 to account for its purchase of R.L. Polk & Co, owner of used-car history provider Carfax, and said it would continue to look for small acquisitions.

Lloyds receives $900 million bids for Australian operations: WSJ

LONDON (Reuters) - Britain's Lloyds Banking Group has received indicative bids for its Australian asset finance and commercial lending units that value them at more than 1 billion Australian dollars ($918 million), the Wall Street Journal reported late on Monday.