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Sep 2, 2014

Siam Commercial Bank in talks to sell 25 percent stake in insurance unit: sources

HONG KONG/BANGKOK (Reuters) – Siam Commercial Bank (SCB.BK: Quote, Profile, Research, Stock Buzz), Thailand’s third-largest lender, is in talks to sell a 25 percent stake in its life insurance business SCB Life Assurance PCL (SCBLIF.BK: Quote, Profile, Research, Stock Buzz), people familiar with the matter told Reuters.

Siam Commercial Bank is mostly in discussions with Japanese insurers, although no deal is imminent, they added, declining to be identified as the plans were confidential. The stake sale could fetch about $600 million based on SCB Life’s current market value of $2.4 billion.

Sep 2, 2014

Siam Commercial Bank in talks to sell 25 pct stake in insurance unit-sources

HONG KONG/BANGKOK Sept 2 (Reuters) – Siam Commercial Bank
, Thailand’s third-largest lender, is in talks to sell a
25 percent stake in its life insurance business SCB Life
Assurance PCL, people familiar with the matter told
Reuters.

Siam Commercial Bank is mostly in discussions with Japanese
insurers, although no deal is imminent, they added, declining to
be identified as the plans were confidential. The stake sale
could fetch about $600 million based on SCB Life’s current
market value of $2.4 billion.

Aug 25, 2014

Taiwan’s Wei family to buy cable TV operator CNS for $2.4 billion: msources

HONG KONG/TAIPEI (Reuters) – Taiwan’s Wei family has agreed to buy majority control of China Network Systems (CNS), the island’s biggest cable TV operator, for about $2.4 billion including debt from private equity firm MBK Partners, sources with direct knowledge of the matter said.

The Wei family, best known for controlling Hong Kong-listed noodle maker Tingyi Cayman Islands Holding Corp, is diversifying into telecoms and media. Its new 4G wireless services firm, Taiwan Star, will begin services this week.

Aug 25, 2014

Taiwan’s Wei family to buy cable TV operator CNS for $2.4 bln -sources

HONG KONG/TAIPEI, Aug 25 (Reuters) – Taiwan’s Wei family has
agreed to buy majority control of China Network Systems (CNS),
the island’s biggest cable TV operator, for about $2.4 billion
including debt from private equity firm MBK Partners, sources
with direct knowledge of the matter said.

The Wei family, best known for controlling Hong Kong-listed
noodle maker Tingyi Cayman Islands Holding Corp, is
diversifying into telecoms and media. Its new 4G wireless
services firm, Taiwan Star, will begin services this week.

Aug 19, 2014

Canada’s Couche-Tard makes short-list in $16 billion Sinopec unit sale: sources

HONG KONG (Reuters) – Canadian retailer Alimentation Couche-Tard Inc (ATDb.TO: Quote, Profile, Research, Stock Buzz) and China’s Tencent Holdings Ltd (0700.HK: Quote, Profile, Research, Stock Buzz) are among suitors short-listed to buy a $16 billion minority stake in China’s Sinopec Sales, the world’s largest fuel retail network, people familiar with the matter told Reuters.

China Life Insurance Co Ltd (601628.SS: Quote, Profile, Research, Stock Buzz), the nation’s biggest insurer, Hong Kong-listed ENN Energy Holdings Ltd (2688.HK: Quote, Profile, Research, Stock Buzz) privately-owned Fosun Group, Hopu Investment Management and Affinity Equity Partners have also progressed to the next round, said the people who declined to be identified as the sale process is confidential.

Aug 19, 2014

Canada’s Couche-Tard makes short-list in $16bln Sinopec unit sale -sources

HONG KONG, Aug 19 (Reuters) – Canadian retailer Alimentation
Couche-Tard Inc and China’s Tencent Holdings Ltd
are among suitors short-listed to buy a $16 billion
minority stake in China’s Sinopec Sales, the world’s largest
fuel retail network, people familiar with the matter told
Reuters.

China Life Insurance Co Ltd, the nation’s
biggest insurer, Hong Kong-listed ENN Energy Holdings Ltd
privately-owned Fosun Group, Hopu Investment
Management and Affinity Equity Partners have also progressed to
the next round, said the people who declined to be identified as
the sale process is confidential.

Aug 14, 2014

Petrovietnam eyes stake in Murphy Oil’s Malaysian assets -source

HONG KONG, Aug 14 (Reuters) – Petrovietnam has bid for a
stake in Murphy Oil Corp’s Malaysian oil and gas assets,
challenging other suitors including Mitsubishi Corp and
Indian state oil companies, a person with direct knowledge of
the plan said.

The state oil company’s bid comes as Vietnam, the third
largest holder of crude oil reserves in Asia, seeks to reverse a
steady decline in its oil output over the past decade. Murphy
Oil and other U.S. oil companies are reducing overseas holdings
as oil and gas exploration prospects improve at home.

Aug 11, 2014

Treasury Wine set for radical overhaul under KKR-led bid

HONG KONG, Aug 12 (Reuters) – A KKR & Co-led takeover of
Australia’s Treasury Wine Estates Ltd would likely lead
to a long and drastic overhaul, resulting in a much smaller but
more profitable company, bankers familiar with the matter said.

KKR, which has teamed up with Rhone Capital for its $3.1
billion proposal, will also look at a U.S. listing for the
revamped business which would be centred on upmarket labels and
would likely be renamed Penfolds for its flagship brand, one
person said.

Jul 17, 2014

Murphy Oil’s Malaysia assets draw interest from Mitsubishi, ONGC -sources

July 17 (Reuters) – Japan’s biggest trading house Mitsubishi
Corp has submitted a non-binding bid to buy Murphy Oil
Corp’s Malaysian oil and gas assets valued at about $2.5
billion, a person familiar with the matter told Reuters.

India’s state-owned Oil & Natural Gas Corp and Oil
India Ltd are among the other suitors preparing to
submit bids for the Murphy assets, separate sources said.

Jul 16, 2014

Pepper, Bank of East Asia team up for Standard Chartered’s Hong Kong unit: sources

SINGAPORE/HONG KONG (Reuters) – Finance firm Pepper Australia has roped in Bank of East Asia Ltd (0023.HK: Quote, Profile, Research, Stock Buzz) to help run a Hong Kong consumer finance business that it is seeking to acquire from Standard Chartered Plc (STAN.L: Quote, Profile, Research, Stock Buzz), sources with direct knowledge of the matter said.

Bank of East Asia would provide Pepper with relatively cheap funding to run Standard Chartered’s PrimeCredit unit, the sources said on Wednesday.