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Wednesday, December 26, 2012

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12/26/2012
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
Rosneft lines up financing for $55 billion TNK-BP takeover
MOSCOW (Reuters) - Rosneft , seeking to finance Russia's largest-ever takeover deal, has raised $16.8 billion in bank loans and agreed on long-term trade finance deals with the world's largest oil traders, Glencore and Vitol.
Tycoons to largely reinvest TNK-BP cash in Russia
MOSCOW (Reuters) - Soviet-born tycoons selling out of TNK-BP will largely reinvest the proceeds from Russia's biggest takeover deal back into the country, the AAR consortium said on Tuesday, following President Vladimir Putin's call on them to do so.
KT says submits preliminary bid for Maroc Telecom stake
SEOUL (Reuters) - South Korean telecommunications firm KT Corp on December 17 submitted a letter of intent to buy a stake in Maroc Telecom , a spokeswoman for KT said on Wednesday.
Some TCW executives depart before Carlyle buyout: sources
NEW YORK (Reuters) - A number of senior executives are leaving TCW Group just weeks before the Los Angeles-based asset manager is scheduled to be acquired by private equity firm Carlyle Group , according to two people familiar with the situation on Monday.
India rejects Mahindra's proposal for defense JV with Rafael
NEW DELHI (Reuters) - India has rejected a proposal by autos-to-software conglomerate Mahindra & Mahindra Ltd to set up a joint venture with Israel's Rafael Advanced Defense Systems Ltd, a government statement said on Wednesday.
Mitsubishi Chem to buy capsule maker from Carlyle: source
(Reuters) - Japan's Mitsubishi Chemical Holdings Corp will acquire Qualicaps Co Ltd from U.S.-based Carlyle Group LP , a person familiar with the matter said on Tuesday, rewarding the buyout firm's second attempt to sell the drug capsule maker.
ITV to buy majority stake in Gurney Productions of U.S.
(Reuters) - Britain's ITV Plc said it will buy a 61.5 percent stake in U.S.-based Gurney Productions, which makes reality programs, for $40 million to boost its production business in the United States.
India and Russia seal defense deals, hail partnership
NEW DELHI (Reuters) - India agreed to buy dozens of Russian military helicopters and fighter jet assembly kits at a summit on Monday, underlining the resilience of ties between the long-time allies despite New Delhi's recent moves to diversify its arms suppliers.
LSE cuts LCH.Clearnet offer by a quarter
LONDON (Reuters) - The London Stock Exchange cut its offer for a majority stake in transatlantic clearing house LCH.Clearnet by a quarter to 366 million euros ($482 million) to reflect new capital requirements.
KBC to sell Russian bank subsidiary for 300 million euros
BRUSSELS (Reuters) - Belgian banking and insurance group KBC has struck a deal to sell its Russian banking unit Absolut Bank, one of the final businesses it is divesting to meet conditions agreed with European regulators after it received state aid.
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