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Friday, December 28, 2012

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12/28/2012
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
ZTE to sell off stake in unit worth 1.3 billion yuan
HONG KONG (Reuters) - ZTE Corp, China's second largest telecom equipment maker, plans to sell an 81 percent stake in its unit Shenzhen ZNV Technology for 1.3 billion yuan ($206 million), it said on Friday.
KBC sells Slovenian bank stake to Slovenia
BRUSSELS (Reuters) - Belgian banking and insurance group KBC said on Friday that it had agreed to sell its 22 percent stake in Nova Ljubljanska Banka (NLB) to Slovenia for 2.8 million euros, one of the last remaining divestments required by EU regulators.
Toshiba in talks to cut Westinghouse stake
TOKYO (Reuters) - Toshiba Corp is in talks to sell a 36 percent stake in its U.S. nuclear power unit Westinghouse, though the Japanese firm is in no rush to divest that portion of the company, Toshiba's top executive said.
CNOOC sees Nexen deal closed in first quarter at earliest
BEIJING (Reuters) - China's CNOOC Ltd said on Friday it expects its $15.1 billion takeover of Canadian oil and gas producer Nexen Inc to close in the first quarter of 2013 at the earliest, a move that could be aimed at giving U.S. regulators more time to approve a sensitive aspect of the deal.
Analysis: For tech investors, it's hard to know when to bolt
(Reuters) - When Hewlett-Packard Co agreed to buy British software company Autonomy in August last year for $11.1 billion, two well-known investors made diametrically different bets on how the big deal would play out.
American Securities sells NEP in sprint ahead of "fiscal cliff"
NEW YORK (Reuters) - Private equity firm American Securities LLC said on Thursday it sold a U.S. media production company to peer Crestview Partners, in one of the clearest examples yet of a firm rushing to close a deal before the end of the year to avoid a potentially larger tax bill.
Blackstone's SeaWorld files for $100 million IPO
(Reuters) - SeaWorld Parks and Entertainment, controlled by Blackstone Group LP , on Thursday filed with the U.S. regulators to raise up to $100 million in an initial public offering of its common shares.
Poland takes step toward selling stakes in 4 companies
WARSAW (Reuters) - Poland's government approved a motion on Thursday to move small stakes in four state-controlled companies to a special fund as a step toward selling them in order to fund infrastructure projects.
Portugal beats asset sale goal as Vinci buys airport operator
LISBON (Reuters) - French group Vinci won a privatization tender for Portugal's airports operator ANA on Thursday with a hefty 3.08 billion euro ($4.1 billion) bid, enabling debt-laden Lisbon to beat its EU/IMF asset sale goal.
Piano maker Steinway takes down "for sale" sign
NEW YORK (Reuters) - Steinway Musical Instruments Inc, the famous manufacturer of pianos, saxophones and trumpets, said on Wednesday it had decided not to sell itself following a 17-month-long exploration of strategic alternatives.
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