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Thursday, December 5, 2013

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12/5/2013
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
Germany's Merck to buy hi-tech materials firm AZ for $2.6 billion
FRANKFURT/LONDON (Reuters) - Merck , the world's largest maker of liquid crystals used in TVs, tablet and smartphone screens, has agreed to buy Britain's AZ Electronic Materials for $2.6 billion to expand its range of specialist chemicals for hi-tech gadgets.
BNP Paribas agrees to buy Polish Rabobank unit for $1.4 billion
WARSAW (Reuters) - France's BNP Paribas agreed to buy its Dutch rival Rabobank's Polish unit Bank BGZ , in a deal which values the target at 4.2 billion zlotys ($1.4 billion) and is the latest example of consolidation among Polish banks.
Russia's VTB sold its Tele2 stake for $1.2 billion: accounts
MOSCOW (Reuters) - Russian bank VTB sold its 50 percent stake in Tele2 Russia for 40.4 billion roubles ($1.2 billion), the bank disclosed in its third quarter accounts statement on Thursday.
Dubai state fund buys Atlantis hotel from debt-laden peer
DUBAI (Reuters) - A unit of Dubai World has sold its Atlantis resort, which sits at the head of a palm tree-shaped island in the emirate, as the state-owned group raises funds to meet huge debt repayments after a $25 billion restructuring in 2011.
Telecom Italia rebel investor opposed to sale of Brazil unit
MILAN (Reuters) - Telecom Italia investor Marco Fossati, who is seeking to remove the company's board at a shareholder meeting on December 20, said the solution to a ruling in Brazil "cannot and must not be the forced sale" of the Italian company's TIM unit in the country.
Merck KGaA CEO says has firepower for more deals
FRANKFURT (Reuters) - German diversified chemicals and pharmaceuticals group Merck KGaA said it could pursue more acquisitions after launching a takeover offer for Britain's AZ Electronic Materials .
Germany's Merck to buy hi-tech materials firm AZ for $2.6 billion
FRANKFURT/LONDON (Reuters) - Merck, the world's largest maker of liquid crystals used in TVs, tablet and smartphone screens, has agreed to buy Britain's AZ Electronic Materials for $2.6 billion to expand its range of specialist chemicals for hi-tech gadgets.
Carlsberg buys controlling stake in China's Chongqing Brewery
COPENHAGEN/SHANGHAI (Reuters) - Danish brewer Carlsberg upped its stake in China's Chongqing Brewery to 60 percent, strengthening its foothold in the world's largest beer market by volume, and hopes to further increase its holding, the latter said.
Credit Suisse sells German private banking arm to Bethmann
ZURICH (Reuters) - Credit Suisse said it will sell its private bank in Germany to Frankfurt-based Bethmann Bank, part of ABN Amro, for an undisclosed price.
Renault given Chinese nod for $1.3 billion Dongfeng venture
PARIS (Reuters) - Renault has received a green light from Beijing authorities to begin Chinese car production in a $1.3 billion joint venture with Dongfeng Motor Group , the carmakers said on Thursday.
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