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Wednesday, August 29, 2012

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08/29/2012
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
SocGen confirms in talks to sell Geniki to Piraeus
PARIS (Reuters) - French bank Societe Generale on Wednesday confirmed that it was in talks on a potential sale of its Greek unit Geniki Bank to Piraeus Bank, saying the discussions were at an "advanced stage".
Canada's Progress shareholders approve $6 billion buyout by Petronas
KUALA LUMPUR (Reuters) - Shareholders in Canada's Progress Energy Resources Corp have approved a takeover bid from Malaysia's state oil company Petronas at C$22.00 a share, or near C$6 billion ($6.09 billion) including debt, Progress said.
EU regulators to probe Ryanair, Aer Lingus deal
BRUSSELS (Reuters) - EU antitrust regulators opened on Wednesday, as expected, an in-depth investigation into Ryanair's 700 million euro takeover bid for Aer Lingus , saying the deal may reduce competition on a significant number of overlapping routes.
ING may sell $1 billion Hong Kong insurance unit in separate deal: sources
HONG KONG (Reuters) - ING is exploring a separate sale of its roughly $1 billion Hong Kong insurance business, sources said, a move that could further complicate the auction of its Asian operations.
Top Eurocash shareholder selling 5 percent stake: sources
WARSAW (Reuters) - Luis Amaral, the controlling shareholder of Polish retail group Eurocash , is seeking to sell a 5 percent stake to institutional investors on Wednesday, market sources told Reuters.
Piraeus in talks to buy SocGen's Greek unit: source
ATHENS (Reuters) - Piraeus Bank is in talks to buy French peer Societe Generale's Greek unit Geniki , a Piraeus source said, as Greece's battered banking sector consolidates to cope with the country's debt crisis.
Harmony Gold says PNG must pay for stake in mine
JOHANNESBURG (Reuters) - Harmony Gold Mining , South Africa's third-largest gold producer, said Papua New Guinea would have to pay if it wanted a stake in the company's promising Golpu project in the Asian country.
Daikin buys Goodman for $3.8 billion, gains access to North America
OSAKA (Reuters) - Daikin Industries Ltd will buy Goodman Global Inc for $3.8 billion, gaining greater access to the North American market and making the Japanese company the world's largest maker of heating, ventilation and air-conditioning (HVAC) systems.
KKR in talks to invest $1.3 billion in Japan's Renesas: sources
TOKYO (Reuters) - Private equity firm KKR is in talks to invest about 100 billion yen ($1.3 billion) for control of Japan's Renesas Electronics Corp, sources said on Wednesday, offering a lifeline to the struggling chipmaker and pushing its shares up 35 percent.
ThaiBev hikes F&N stake in tussle with Heineken
SINGAPORE (Reuters) - Thai Beverage raised its stake in Fraser and Neave (F&N) to just below the level that would trigger a mandatory offer for the whole conglomerate, further challenging Heineken's bid for the group's crown jewel Asia Pacific Breweries (APB) .
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