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Wednesday, December 27, 2017
China's Geely takes $3.3 billion stake in Swedish truck maker Volvo
STOCKHOLM (Reuters) - China's Geely Holding , which already owns the Volvo Car Group, is buying an 8.2 percent stake in Swedish truck maker AB Volvo from activist investor Cevian Capital for around $3.3 billion.
UK office firm IWG gets bid approach from Canada's Onex, Brookfield
(Reuters) - British serviced office provider IWG Plc has received a bid approach from Canadian private equity firm Onex and Brookfield Asset Management , it said on Wednesday.
GE raises stake in Sweden's Arcam by buying shares from hedge funds
(Reuters) - General Electric Co said on Wednesday it will raise its stake in Swedish 3D printer maker Arcam AB to around 95 percent from 77 percent after buying shares from hedge funds Elliott and Polygon.
MUFG hopeful of regulator nod for Danamon, possibly Indonesia's biggest deal
JAKARTA (Reuters) - Japan's Mitsubishi UFJ Financial Group (MUFG) said it was cautiously optimistic of winning approval to take control of PT Bank Danamon Indonesia - in what could become the biggest acquisition of an Indonesian firm on record.
Russia's RDIF to loan $696 million to Sistema to settle Rosneft dispute
MOSCOW (Reuters) - The Russian Direct Investment Fund (RDIF) will provide a 40 billion ruble ($696 million) loan to the Sistema conglomerate to help settle a dispute with oil producer Rosneft, the fund's head Kirill Dmitriev said on Wednesday.
Axel Springer in talks to buy Israel's Zap: source
JERUSALEM (Reuters) - Private equity firm Apax Partners is in talks to sell Israeli shopping comparison website Zap to German publishing firm Axel Springer for up to 500 million shekels ($144 million), a source close to the matter said, confirming media reports.
Uber working on deal to sell Xchange Leasing to Fair: source
(Reuters) - Ride-hailing company Uber is working on a deal to sell its U.S. auto-leasing business Xchange Leasing to startup digital car marketplace Fair, according to a person familiar with the matter.
Russian court approves settlement of Rosneft, Sistema dispute
MOSCOW (Reuters) - A Russian court approved a settlement between the Sistema conglomerate and Russia's largest oil producer Rosneft on Tuesday, ending their dispute over the Bashneft oil company, RIA news agency said.
Mallinckrodt to buy Sucampo for about $840 million
(Reuters) - Mallinckrodt Plc said on Tuesday it would buy Sucampo Pharmaceuticals Inc for about $840 million to snap up constipation drug Amitiza and a clutch of experimental rare disease treatments, as it battles declining sales of its biggest drug, Acthar.
Russia's Finance Ministry says supports merger of Otkritie, B&N, Promsvyazbank: RIA
MOSCOW (Reuters) - Russia's Finance Ministry said on Tuesday it supports the merger of Otkritie , B&N Bank and Promsvyazbank , three troubled lenders bailed out by the central bank this year, according to a RIA news agency report.
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