JOHANNESBURG (Reuters) – Grand Parade Investments (GPI) Ltd (GPLJ.J), which holds the Burger King franchise in South Africa, said on Wednesday it will sell its 95.36% stake in the business to ECP Africa Fund, in an attempt to close a valuation discount to its net asset value. The sale also includes all shares it holds […]

SAO PAULO (Reuters) – Bunge Ltd has agreed to buy two soy processing plants in Brazil and assume debt from local crusher Imcopa, two people familiar with the matter said on Tuesday. Bunge agreed to pay about 50 million reais ($12 million) for the plants and assume debt of around 1 billion reais related to […]

(Reuters) – National Storage REIT (NSR.AX) revealed on Tuesday New York-based private equity firm Warburg Pincus as the third suitor in the race to buy Australia’s largest self-storage operator, offering A$1.73 billion ($1.16 billion). The A$2.20 per share, non-binding, indicative proposal from Warburg Pincus competes with China’s Gaw Capital Partners’ similar offer and New York-listed […]

This is a fine time to be British. Indeed, to be proud to be British. You would not, to be sure, think so from this past week in London – as the House of Commons humiliated Prime Minister Theresa May by throwing out her plan for Brexit in Tuesday by 432 votes to 202 – […]

BRASÍLIA (Reuters) – Brazilian prosecutors have filed an appeal with antitrust agency Cade asking the regulator to reconsider its approval of a deal selling control of Embraer SA’s (EMBR3.SA) commercial aviation division to Boeing Co (BA.N), according to public filings. The deal had been approved without restrictions on Jan. 27 by Cade’s General Superintendent Alexandre […]

This week, the Senate is holding confirmation hearings for William Barr, Donald Trump’s nominee to replace Jeff Sessions as U.S. attorney general. At these hearings, Barr has mostly said the right things, coming off as a competent public servant who will protect the independence of the Justice Department from presidential pressure. But Barr’s words can […]

Paul Manafort, while managing Donald Trump’s 2016 election campaign, is accused of passing private polling data to his Russia business partner, a man with alleged ties to Russian intelligence. This new information, revealed in an unsealed court filing, is likely to stoke the case in Congress for increased sanctions against Russia. Equally importantly, the reverberations […]

LONDON (Reuters) – Pan-European stock market operator Euronext (ENX.PA) is looking at “all parameters” of the Swiss exchange’s offer for Spain’s Bolsas y Mercados Espanoles (BME) but has yet to decide whether to launch a counter-bid, Euronext boss Stephane Boujnah said on Wednesday. “We are analyzing all the parameters that are relevant to the BME […]

FRANKFURT/LONDON (Reuters) – Buyout fund Cinven has launched preparations for a potential stock market listing of German laboratory services group Synlab, while also sounding out potential buyers for a 5.5 billion euro ($6 billion) deal, sources close to the matter said. Cinven, which has backed Synlab since 2015, is working with investment banking boutique Lilja […]

LONDON (Reuters) – Private equity firm Permira has reached an agreement to buy Italian luxury sneaker brand Golden Goose, a source familiar with the matter told Reuters on Wednesday. The Venice-based shoemaker, which makes sneakers that sell for 400 euros ($437), is owned by private equity fund Carlyle (CG.O). Carlyle in December kicked off the […]