Exits

DuPont logo in Meyrin

Activist investor Peltz wants DuPont to break up: WSJ

Activist investor Nelson Peltz's Trian Fund Management has called for a break up of DuPont (DD.N), arguing that the diversified chemicals company's overly complex and bloated corporate structure overburdens its seven business lines, the Wall Street Journal reported.

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The logo of Venezuela's oil company PDVSA

PDVSA seeks bids for Citgo in potential $10 billion deal - sources

Venezuela's state-run oil company PDVSA [PDVSA.UL] is seeking preliminary offers for its U.S. unit Citgo Petroleum Corp [PDVSAC.UL] by the end of September, a deal that could fetch up to $10 billion, according to two people familiar with the matter.

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Siemens

Siemens to delist from London, Swiss exchanges

German engineering group Siemens will delist its shares from the London and Swiss stock exchanges because of low trading volumes there, it said on Tuesday.

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Carl Icahn

Icahn sells entire stake in Family Dollar - sources

Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores Inc (FDO.N), making a profit of about $200 million on the investment, according to sources familiar with the matter on Wednesday.

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Citigroup logo

Citigroup seeks to exit Japanese retail banking

Citigroup Inc (C.N) is preparing to sell its Japanese retail banking operations, a source with direct knowledge of the matter said on Wednesday, as it waves the white flag on a venture plagued by regulatory troubles and anemic lending.

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BHP Billiton sign

BHP unveils spin-off but disappoints with no buyback

The world's biggest mining company, BHP Billiton BHP.AX BLT.L, announced plans to spin off businesses worth an estimated $16 billion, most of them acquired in a 2001 merger, to focus on its most profitable activities.

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Telefonica

Spain's Telefonica in talks to exit Telecom Italia: report

Spain's Telefonica SA is in talks to sell its stake in Telecom Italia in a move that could ease regulatory pressure in Brazil's wireless market, Brazilian newspaper Folha de S.Paulo reported on Friday.

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Yahoo Logo in Rolle, Switzerland

Fidelity Contrafund cuts Yahoo stake by 41 percent this year

Fidelity Investments Contrafund, the largest mutual fund investor in Yahoo Inc, cut its stake in the Internet media company by 41 percent during the first four months of 2014, according to the fund's latest disclosure.

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Siemens

Siemens in talks to sell stake in household goods venture to Bosch - sources

German engineering group Siemens is in final stage talks to sell its 50 percent stake in a household goods joint venture to partner Robert Bosch, two sources familiar with the matter said on Wednesday.

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Mitra Adiperkasa

Indonesian retailer Mitra Adiperkasa to sell stakes in pizza, burger chain

Indonesian retailer Mitra Adiperkasa said it will sell majority stakes in its Domino's Pizza and Burger King chains to keep its capital to develop its other franchises.

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StealthGas Inc

Greek petroleum firm StealthGas raises $47M in share sale

Kifisia, Greece-based petroleum and petrochemical gas products transporter StealthGas Inc raised $47 million through the sale of 4.47 million common shares at $10.50 apiece for its vessels purchases and other corporate purposes.

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Vimpelcom

Russia's Vimpelcom agreed to sell holdings in Orascom Telecom Algeria

Russian telecoms giant Vimpelcom has agreed to let go of its much disputed holdings in Orascom Telecom Algeria to the Algerian government after buying the telecoms firm from Naguib Sawiris in 2010 for $6 billion.

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petrobas

Brazil's Petrobas to sell its assets in Nigeria

Petrobas, the top oil producer of Brazil, has been looking for potential buyers to acquire its assets in Nigeria valued $5 billion as the company plans for divestment of international assets.

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Bathurst Resources Ltd

Bathurst secures A$7.39M in discounted placement ot fund coal project in New Zealand

Wellington, New Zealand-based mining firm Bathurst Resources Ltd secured A$7.39 million in a discounted placement of its shares at A$0.06 (NZD0.065) apiece to gain funds for its open-cut coal project on the Denniston Plateau.

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Glencore Xstrata

Glencore Xstrata sells Peru copper mine to consortium led by China MinMetals

Glencore Xstrata sold its Peru copper mine to consortium led by China MinMetals in an all cash deal valued USD5.8 billion, reported Ventures Africa.

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