  | | | | MOSCOW (Reuters) - The billionaires who own half of Russian oil firm TNK-BP plan to make a cash offer for BP's 50 percent stake, raising the prospect of a bid contest with state-backed Rosneft that would start at around $20 billion. | | |  | | | | NICOSIA (Reuters) - German Defense Minister Thomas de Maiziere said on Thursday he believed more time would be needed beyond an October 10 deadline to discuss a proposed merger between EADS and BAE Systems to create an aerospace and Defense giant. | | | | | | COPENHAGEN (Reuters) - Danish engineering group FLSmidth & Co A/S on Thursday said it had won a contract in Venezuela worth $48 million for engineering, supply and installation of a feeding system for an aluminum smelter. | | | | | | KUALA LUMPUR (Reuters) - Malaysia's Tune Group, a financial services-to-discount hotel conglomerate owned by AirAsia Bhd's founders, said it plans to list its insurance arm in a move to fund the company's expansion overseas. | | | |  | | | | HONG KONG (Reuters) - Pan Asian insurer AIA Group Ltd struck its maiden M&A deal as an independent company by agreeing to buy the bulk of British insurer Aviva's Sri Lanka operation in a deal valued at $109 million. | | | | | | DUBAI (Reuters) - A unit of Bahraini investment firm Gulf Finance House (GFH) will lead and arrange the purchase of Britain's Leeds United Football Club, GFH said in a statement on Thursday. | | | | | | PARIS (Reuters) - Talks to sell Credit Agricole's Greek bank Emporiki are likely to be completed in the next few weeks, the French bank's chief executive said in a radio interview on Thursday. | | | | | | MADRID (Reuters) - Spanish power firm Iberdrola is negotiating the sale of a minority stake in its UK electricity grid, valued at 4.5 billion pounds ($7.3 billion), as part of its strategy to cut debt, newspaper Expansion reported on Thursday. | | |  | | | | SEOUL (Reuters) - Hyundai Heavy Industries and Korean Air Lines have submitted preliminary bids for a stake in Korea Aerospace Industries (KAI) worth an estimated 1.2 trillion won ($1.1 billion), KAI's largest shareholder said Thursday. | | | | | | BEIJING/SHANGHAI (Reuters) - China's securities regulator will hold a regular meeting on Thursday, but reforming the system for initial public offers is not on the agenda, a regulatory source told Reuters, responding to another round of rumors that saw stocks leap. | | | |  |  | | | 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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