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ADM close to $3.4 bln deal to buy Wild Flavors - Bloomberg
2014-07-04 02:19:16| Agriculture - Topix.net
Archer Daniels Midland Co is close to buying natural food ingredients maker Wild Flavors GmbH, backed by buyout group KKR & Co, for about 2.5 billion euros , Bloomberg reported, citing people familiar with the matter.
EC approves Vodafone's EUR 7.2 bln takeover of Ono
2014-07-03 09:00:00| Telecompaper Headlines
(Telecompaper) The European Commission has approved Vodafone's EUR 7.2 billion takeover of Spanish cable provider Ono without conditions. The deal, which Vodafone said will now be closed "within two to three weeks", represents the UK operator's third acquisition of a European fixed-broadband asset in two years and gives it immediate access to Ono's extensive fibre network covering 7.2 million Spanish homes. It also serves to increase Vodafone's 25 percent share of the Spanish mobile market by almost two percentage points. In approving the takeover, the Commission concluded that the transaction "would not significantly impede effective competition in Spain." Although the two companies provide fixed and mobile services in Spain, the EC said their activities were largely complementary given that Ono specialises in fixed telecoms, while Vodafone is mainly active in mobile telecoms. "However, the Commission found that the impact of the transaction on these markets is likely to be limited as the combined entity would continue to face significant competition from other market players, such as the incumbent operator Telefonica, and other operators such as Orange and Jazztel," it said.
France proposes 1 bln euro credit line for India projects
2014-07-01 06:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: France has proposed to give India a 1 billion euro ($1.4 billion) credit line to fund sustainable infrastructure and urban development projects, Foreign Minister Laurent Fabius said on Tuesday. The credit line would be available over three years and would be delivered through the French Development Agency, Fabius, who began his India visit on Monday, told reporters in New Delhi. India, which has said it needs $1 trillion of investment by 2017 to upgrade its creaking infrastructure, is keen...
UPDATE 1-Chemicals maker PPG Industries to buy Mexico's Comex for $2.3 bln
2014-06-30 15:52:43| Chemicals - Topix.net
Paints maker Consorcio Comex SA de CV agreed to be acquired by chemicals maker PPG Industries Inc for $2.3 billion, after the Mexican company's deal with U.S. rival Sherwin-Williams Co fell through earlier this year.
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Oi sells 1,600 more sites to SBA for BRL 1.17 bln
2014-06-25 15:27:00| Telecompaper Headlines
(Telecompaper) SBA Communications announced a definitive agreement to take over 1,641 wireless sites from Brazilian operator Oi for BRL 1.17 billion (USD 527 million). Oi will enter into a long-term lease with SBA, with monthly lease payments, for antenna space on each of these sites. The sites currently have 1.4 tenants per site (including Oi) and include leases with all of the major mobile carriers in Brazil. The transaction is expected to close by year-end. It was exclusively negotiated with SBA and is on terms and conditions similar to SBA's acquisition of 2,007 sites from Oi earlier this year. SBA anticipates that the sites will contribute BRL 125.7 million of cash leasing revenue and BRL 74.2 million of tower cash flow in 2015. After this deal, SBA will own or have use rights on approximately 7,000 sites in Brazil.
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