Newsletter BOX: Deals Today

08/21/2013

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

America Movil secures financing to buy KPN

BRUSSELS (Reuters) - Mexican telecoms group America Movil said it has put in place financing to buy the rest of Dutch group KPN even though its offer may be too late to influence the sale of KPN's German unit in October.

New China Trust pulls out of $4.8 billion AIG unit bid: source

HONG KONG (Reuters) - New China Trust, which was leading a consortium of Chinese investors in a $4.8 billion bid for American International Group Inc's (AIG) aircraft-leasing unit, pulled out of the deal in May, a person familiar with the situation said.

KPN shareholders to meet in October to decide on E-Plus sale

BRUSSELS (Reuters) - Dutch telecoms group KPN invited its shareholders to vote on October 2 on the proposed sale of its German unit E-Plus, the group said on Wednesday.

Lloyds Banking sells German life insurer for $400 million

LONDON (Reuters) - British lender Lloyds Banking Group has sold German life insurer Heidelberger Leben to private equity group Cinven and reinsurer Hannover Re for around 300 million euros ($400 million), raising hopes that the state-rescued bank is moving closer to restoring its dividend.

Arabtec eyes merger to create Gulf's biggest builder

DUBAI (Reuters) - Dubai-based Arabtec Holdings is considering a merger with the largest contractors in Saudi Arabia and Kuwait to create a pan-Gulf construction firm, the firm's chief executive was quoted as saying.

Riggio suspends plan to make offer for Barnes & Noble stores

(Reuters) - Barnes & Noble Inc's chairman, founder and top shareholder Leonard Riggio said on Tuesday he has suspended his efforts to make an offer for the company's retail business.

NYSE picks JPMorgan, SocGen for Euronext IPO: report

(Reuters) - NYSE Euronext has tapped JPMorgan Chase & Co and Societe Generale to help arrange a potential $1 billion IPO for its European equity operations, Bloomberg news agency reported.

Ally to repay U.S. taxpayers $5.95 billion, to sell shares

(Reuters) - Ally Financial Inc will sell $1 billion of unlisted shares to investors and repay taxpayers nearly $6 billion taking a big step closer to exiting U.S. government control.

Deutsche Wohnen makes $2.3 billion bet on Berlin property with GSW bid

FRANKFURT (Reuters) - Deutsche Wohnen offered to buy rival residential landlord GSW Immobilien for 1.8 billion euros ($2.3 billion) to expand in Berlin's booming rental market and tap nascent interest from international investors.

Brazil's CSN, others mulling bids for Batista's MMX, sources say

RIO DE JANEIRO (Reuters) - Cia Siderúrgica Nacional SA , Brazil's largest diversified steelmaking group, is interested in acquiring control of mining firm MMX Mineração e Metálicos SA from embattled tycoon Eike Batista, a source with direct knowledge of the situation said on Tuesday.