AES Corp to buy part of BNDES' stake in Brazil's AES Tiete

SAO PAULO/BRASILIA (Reuters) – Brazilian development bank BNDES has agreed to sell part of its stake in power company AES Tiete SA (TIET11.SA) to AES Corp (AES.N), it said in a filing on Tuesday. AES Corp offered to buy 65% of BNDES’ stake in AES Tiete for 17.15 reais ($3.33) per share, fully in cash. […]

Hughes Network Systems to invest $50 million to join OneWeb consortium

TOKYO (Reuters) – U.S. satellite broadband provider Hughes Network Systems has agreed to invest $50 million in the British government and Bharti-backed consortium buying collapsed satellite operator Oneweb. Hughes previously partnered with OneWeb, which collapsed in late March with 74 out of a planned 650 satellites launched after top backer SoftBank Group Corp (9984.T) declined […]

Exclusive: Mexico moves to launch world's largest oil hedge – sources

NEW YORK/MEXICO CITY (Reuters) – Mexico has asked top Wall Street banks to submit quotes for its giant oil hedging program, sources familiar with the matter said on Friday, while trading in crude oil options has increased this week ahead of the megadeal. The finance ministry has asked banks for price quotes, one source with […]

Commentary: Putin can't afford to ditch the dollar

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 […]

Brazil's Dimed and shareholders in $203 million share offer: filing

SAO PAULO (Reuters) – Brazil’s Dimed SA (PNVL4.SA) and its existing shareholders raised 1.037 billion reais ($202.57 million) in a share offering, the drug distribution company said in a securities filing in the early hours of Thursday. Reuters reported on Wednesday that Dimed priced its shares at 30 reais each. The company, whose shareholders include […]

Existing Cellnex shareholders to take 18.77% of capital increase

MADRID (Reuters) – Cellnex (CLNX.MC) said on Thursday existing shareholders representing 18.77% of the company’s capital committed to take part in a 4 billion euro ($4.6 billion) capital increase in proportion to their holdings. The company has said it would use proceeds of the capital increase to expand its infrastructure portfolio. Investors who committed to […]

Software maker Jamf Holding's shares soar in stock market debut

(Reuters) – Shares of Jamf Holding Corp JAMF.O jumped 77% in their U.S. debut on Wednesday, giving the software maker a market value of $5.35 billion. Shares opened at $46 compared to their IPO price of $26. Jamf on Tuesday raised $468 million in its upsized offering of 18 million shares. The company had targeted […]

Software maker Jamf Holding raises $468 mln in U.S. IPO

(Reuters) – Software maker Jamf Holding Corp JAMF.O on Tuesday raised $468 million in its U.S. initial public offering, signaling strong demand for new issues in a market that has rebounded strongly from a coronavirus-induced slump. The company priced its offering of 18 million shares at $26 per share, above its price range of $21 […]

TIM, Telefonica and Claro present bid for Oi's mobile assets

By Carolina Mandl, Tatiana Bautzer and Francesca Landini SAO PAULO/MILAN (Reuters) – TIM Participacoes (TIMP3.SA), Telefonica Brasil (VIVT4.SA) and America Movil SAB de CV (AMXL.MX) presented a joint offer for the mobile unit of bankrupt Brazilian carrier Oi Group (OIBR4.SA), according to filings by the companies on Saturday. The telecom firms did not disclose details […]

Owners of auction website Allegro aim for Warsaw listing in September: sources

WARSAW/LONDON/FRANKFURT (Reuters) – Private equity funds Cinven, Permira and Mid Europa Partners are pressing ahead with efforts to list Polish auction website Allegro on the Warsaw Stock Exchange in September, sources familiar with the matter told Reuters. The online marketplace, which competes with eBay (EBAY.O) and Amazon (AMZN.O), has shelved its initial plans for a […]