| | MOSCOW (Reuters) - The billionaire quartet that owns half of Anglo-Russian oil firm TNK-BP is interested in buying out BP's entire 50 percent stake, and will make a binding all-cash offer by mid-October, a source familiar with the matter said on Wednesday. | |  | | | HONG KONG (Reuters) - General Electric's GE Capital said on Wednesday it sold a 7.6 percent stake in Thailand's Bank of Ayudhya . | | | | | | MOSCOW (Reuters) - Trader Glencore has trimmed its ambitions to control Kazakh zinc producer Kazzinc, announcing a revised cash and shares agreement worth up to $1.4 billion, less than half the original deal, to raise its stake to just under 70 percent. | | | | | | TOKYO (Reuters) - Sony Corp will likely approve a plan this week to invest 50 billion yen ($642 million) in cash-strapped Olympus Corp , becoming its biggest shareholder with around a 10 percent stake, three sources familiar with the deal told Reuters. | | | | | | SEOUL (Reuters) - SK Telecom Co Ltd , South Korea's top mobile operator, said on Wednesday that it will sell part of its stake in steelmaker POSCO for 437.3 billion Korean won ($390.66 million), leaving it with a 1.42 percent stake after the sale. | | | | | | (Reuters) - Ameriprise Financial Inc is in advanced talks to buy most of ING Group's asset management business in Asia, Bloomberg reported, citing two people with knowledge of the matter. | | | | | | BERLIN (Reuters) - Firms like the one that would be created in a planned merger of Airbus parent EADS and Britain's BAE Systems should "not necessarily" be subject to state involvement, EADS Chief Executive Tom Enders said on Wednesday. | | | | | | FRANKFURT (Reuters) - Allianz SE and Volkswagen Financial Services AG are forming a joint venture to sell car insurance to VW customers that the two companies plan to roll out worldwide, they said on Wednesday. | | | | | WARSAW (Reuters) - Poland will launch the initial public offer of its 50-percent stake in ZE PAK, the country's No.5 electricity producer, in the fourth quarter as part of a $3 billion privatization plan, the company said on Wednesday. | | | | | | MILAN (Reuters) - Italian construction company Impregilo and peer Salini approved a cooperation deal on Tuesday as a first step towards their merger that could bring extra contracts worth up to 6.4 billion euros ($8.30 billion) by 2017. | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
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