Newsletter BOX: Deals Today

09/23/2013

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

GE signs $2.7 billion power generation contracts with Algeria

(Reuters) - General Electric Co said it signed three contracts valued at $2.7 billion with Algeria to supply power generation equipment and turbines to the country's power plants.

Finmeccanica in advanced talks to sell AnsaldoEnergia: unions

MILAN (Reuters) - Italy's defense and aerospace group Finmeccanica confirmed to unions at a meeting on Monday it is in advanced talks with Korea-based Doosan Heavy Industries for the sale of its AnsaldoEnergia unit, unions said in a statement.

JC Flowers interested in buying Lloyds' TSB unit: report

LONDON (Reuters) - Private equity firm JC Flowers has approached Britain's Lloyds Banking Group about a bid for the TSB business that was split from the part state-owned bank earlier this month, the Sunday Telegraph said without citing sources.

Italy would not oppose Air France upping Alitalia stake to 50 percent: minister

MILAN (Reuters) - Italy would not oppose Air France-KLM increasing its stake in Alitalia to 50 percent, transport minister Maurizio Lupi said on Monday.

APG, UBS among those vying for Brisbane toll road operator RiverCity Motorway

SYDNEY (Reuters) - Toll road operator RiverCity Motorway Ltd, expected to sell for more than A$600 million ($563.22 million), attracted final bids from a group that includes Dutch pension fund manager APG and Australia's Macquarie Group , and separately, the global asset management division of Swiss bank UBS AG , people familiar with the process said.

Italy court to seize solar farms of Suntech's investment fund

(Reuters) - China's Suntech Power Holdings Co Ltd said an Italian court has ruled to seize some solar farms constructed by investees of Global Solar Fund (GSF) controlled by Suntech, accusing GSF of improper operation.

South Korea's GS E&C wins $1.4 billion order in Kazakhstan

SEOUL (Reuters) - GS Engineering & Construction Corp said on Monday it won a 1.52 trillion Korean won ($1.4 billion) order for the second phase of constructing petrochemical facilities in Kazakhstan from Kazakhstan LG Poly Ethylene (KLPE) LLP.

Talks to sell ThyssenKrupp's Brazil site could collapse: source

DUESSELDORF, Germany (Reuters) - German steelmaker ThyssenKrupp may walk away from talks over the sale of its Brazil plant, part of its loss-making Steel Americas business, a person familiar with the matter told Reuters on Monday.

Australia's OzForex plans $413 million IPO amid positive equity market momentum

SYDNEY (Reuters) - Online foreign exchange services provider OzForex Group plans to raise A$440 million ($413.03 million) by listing on October 11, underscoring positive momentum in Australia's equity market.

Ablynx signs drug deal worth up to $840 million with AbbVie

BRUSSELS (Reuters) - Belgian biotech firm Ablynx has signed a licensing agreement with U.S. drugmaker AbbVie worth up to $840 million for an experimental drug against rheumatoid arthritis and lupus.