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Monday, March 25, 2013

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03/25/2013

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

Dell confirms offers from Blackstone, Icahn

(Reuters) - Dell Inc confirmed it had received alternative buyout offers from Blackstone Group LP and Carl Icahn, following a $24.4 billion agreement last month to be taken private by its founder and private equity firm Silver Lake.

Centrica seals first U.S. natural gas deal

LONDON (Reuters) - Centrica on Monday signed its first liquefied natural gas (LNG) import deal with U.S. firm Cheniere Energy for 20-years' worth of shipments starting in late 2018 as prices at home surge due to scant supplies.

Sinopec to pay $1.5 billion for parent's oil, gas assets

HONG KONG (Reuters) - China Petroleum and Chemical Corp (Sinopec Corp) , Asia's largest refiner, will pay $1.5 billion for overseas oil and gas-producing assets held by its parent in a long-awaited move to reshape its business and improve earnings.

Standard Chartered would consider Egypt buy, plans Iraq push

DUBAI (Reuters) - Standard Chartered would consider acquiring a bank in Egypt to ride an expected boom in one of the Middle East's largest economies, the firm's regional head said. The bank also plans to expand operations in Iraq this year.

CVC, RBS exit Samsonite with $528 million stake sale: terms

HONG KONG (Reuters) - Private equity firm CVC Capital Partners and Royal Bank of Scotland sold a combined $528 million stake in Hong Kong-listed luggage maker Samsonite International , according to a term sheet seen by Reuters on Monday.

Schroders agrees 424 million pounds deal for Cazenove

LONDON (Reuters) - Fund manager Schroders said on Monday it would pay 424 million pounds ($646 million) to buy Cazenove Capital in an agreed deal that would create a leading independent private banking and wealth management business.

Aker Solutions wins $850 million deal from Total in Congo

OSLO (Reuters) - Norwegian oil services firm Aker Solutions won an $850 million contract from energy firm Total to deliver a subsea production system for its Moho Nord project in the Republic of the Congo, it said on Monday.

CSM to sell bakery supplies business to Rhone Capital

AMSTERDAM (Reuters) - Dutch food ingredients group CSM said on Monday it had agreed to sell its bakery supplies business for 850 million euros ($1.1 billion) to U.S. private equity firm Rhone Capital, and would focus on more profitable food ingredients.

EBX Group needs partners; Batista stake could fall, Esteves says

RIO DE JANEIRO (Reuters) - Brazilian billionaire Eike Batista needs partners to help fund the expansion of his EBX Group, a situation that could lead him to cut his stake in EBX companies by more than half, fellow billionaire Andre Esteves told the Estado de S. Paulo newspaper.

Blockbuster's ailing UK stores sold to investment firm

LONDON (Reuters) - Blockbuster's chain of film and computer game rental shops in Britain has been sold to an investment firm, two months after the struggling retailer went into a form of bankruptcy protection, administrators said on Saturday.