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Monday, January 20, 2014

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01/20/2014
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
Metro to list up to 25 percent of Russian cash and carry unit
BERLIN (Reuters) - German retailer Metro AG plans to sell up to a quarter of its Russian cash and carry unit in a initial public offering (IPO) in the first half of the year on the London stock exchange.
AB InBev to regain grip on South Korea brewer OB for $5.8 billion
HONG KONG (Reuters) - Anheuser-Busch InBev SA, the world's largest brewer, has agreed to buy South Korea's Oriental Brewery Co Ltd from KKR & Co and Affinity Equity Partners for $5.8 billion including debt, regaining ownership of a key Asian asset at a time of strong growth in the industry across the region.
Shell sells stakes in Australian gas project for $1.14 billion
LONDON (Reuters) - Oil major Royal Dutch Shell said on Monday it had agreed to sell stakes in a gas project in Western Australia for $1.14 billion as part of a drive to improve return on investment.
Co-op Group scraps general insurance sale plan
LONDON (Reuters) - Britain's Co-operative Group has scrapped the sale of its general insurance business following a restructuring deal which means it does not have to contribute as much capital to its struggling bank as initially envisaged.
Peugeot backs cash injection by Dongfeng, France: source
PARIS (Reuters) - PSA Peugeot Citroen's board has approved an outline deal to raise cash by selling stakes to China's Dongfeng and the French government, a source close to the matter said on Monday, as the troubled carmaker posted a further drop in global sales.
Insight: Revenge of the Irish as mega-merger restores air finance crown
SHANNON (Reuters) - Twenty years after the spectacular collapse of Irish tycoon Tony Ryan's plane leasing empire, the Emerald Isle has restored its grip on the world's aircraft fleet with a mega-merger that could pave the way for a wave of multi-billion-dollar IPOs.
Abu Dhabi plans aviation biofuel project with Boeing and Total
ABU DHABI (Reuters) - Abu Dhabi's state-owned carrier Etihad Airways is joining with French energy firm Total and U.S. aircraft maker Boeing to develop biofuels in the emirate, company officials announced on Sunday.
Electra to buy Hotter Shoes for 200 million pounds
(Reuters) - Private equity firm Electra Private Equity Plc will acquire footwear retailer Hotter Shoes in a deal valued at 200 million pounds, The Telegraph reported on Sunday.
Warburg Pincus buys stake in European ETF provider: report
NEW YORK (Reuters) - U.S. private equity firm Warburg Pincus has bought a majority stake in a European exchange traded fund provider, in a deal that will give the asset manager new funds to expand offerings and grow through acquisitions, the Financial Times reported on Sunday.
UK's Metro Bank raises $637 million to fund expansion
LONDON (Reuters) - New British lender Metro Bank has raised 387.5 million pounds ($637.2 million) to fund its expansion plans by selling stock to institutional and private investors, it said on Sunday.
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