Deals

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Exclusive: PSA agrees to buy Opel from GM, wins board approval - sources

PARIS/LONDON France's PSA Group struck a deal with General Motors to buy the U.S. carmaker's loss-making Opel division, two sources with knowledge of the matter told Reuters.

NBCUniversal invests $500 million in Snap's IPO Mar 03 2017

Comcast Corp's NBCUniversal has invested $500 million in Snapchat owner Snap Inc , according to a memo on Friday, its latest move aimed at driving digital growth as more viewers go online for their favorite content.

Deutsche Boerse CEO says work on LSE merger still ongoing Mar 03 2017

LONDON Deutsche Boerse Chief Executive Carsten Kengeter said it is continuing preparations for a merger with the London Stock Exchange , despite the LSE's refusal to sell its Italian MTS trading platform.

Exclusive: Neiman Marcus hires debt restructuring adviser - sources Mar 03 2017

U.S. high-end department store chain Neiman Marcus has hired investment bank Lazard Ltd to explore ways to bolster its balance sheet as it seeks relief from $4.9 billion in debt, people familiar with the matter said on Friday.

OMV agrees to sell Turkish unit Petrol Ofisi to Vitol for $1.45 billion Mar 03 2017

FRANKFURT/VIENNA Austrian energy group OMV said it agreed to sell its Turkish fuel supply and distribution unit Petrol Ofisi to Vitol Investment Partnership, managed by the Swiss-based commodities firm Vitol , for 1.37 billion euros ($1.45 billion).

Murdoch's Fox seeks EU okay for $14.4 billion Sky takeover bid Mar 03 2017

BRUSSELS Rupert Murdoch's Twenty-First Century Fox has asked EU antitrust regulators to approve its $14.4 billion takeover bid for European pay-TV company Sky , a filing on the European Commission showed on Friday.

Macquarie to buy Cargill's global oil business: sources Mar 03 2017

HOUSTON Australian bank Macquarie Group Ltd is planning on buying Cargill Inc's [CARG.UL] global oil business, according to people familiar with the matter, marking the second energy business the global commodities trader has shed this year.

Exclusive: Lord & Taylor owner Hudson's Bay's bid for Macy's stumbles - sources Mar 03 2017

Canada's Hudson's Bay Co , owner of the Lord & Taylor and Saks Fifth Avenue retail chains, has yet to line up equity financing for a bid for Macy's Inc , over a month after approaching its U.S. peer, people familiar with the matter said.

Deutsche Boerse's EEX says takes over U.S. peer Nodal Mar 03 2017

FRANKFURT Germany's energy exchange, part of Deutsche Boerse AG , has agreed to buy all the shares in U.S. peer Nodal to pursue its global growth strategy, Deutsche Boerse said on Friday.

Chinese investors committed to AC Milan deal despite delay Mar 03 2017

MILAN The Chinese investors due to buy Italian storied soccer club AC Milan said on Friday that they remained committed to the deal and that the delays in the closing were out of their control.