DUBAI/RIYADH Saudi Arabia's $300-billion privatization program was billed as the sale of the century when Crown Prince Mohammed bin Salman unveiled his plan to great fanfare. Nineteen months later, it is moving at a snail's pace, bankers, investors and analysts familiar with the process say.
BRUSSELS German airline Lufthansa has offered concessions to try to allay competition concerns about its plan to buy Air Berlin assets, EU antitrust regulators said on Friday.
PARIS French retailers Carrefour and Fnac Darty are discussing an alliance to negotiate better terms when purchasing from electronics suppliers, French finance website BFM Business reported on Friday.
AMSTERDAM Chipmaker Intel has cut its stake in Dutch semiconductor equipment supplier ASML to 4.96 percent, according to a filing published by the Dutch Financial Markets Authority on Friday.
The music group of China's Tencent Holdings Ltd and Sweden's Spotify AB are in talks to swap stakes up to 10 percent in each other's businesses ahead of their expected public listings next year, the Wall Street Journal reported on Friday.
RIBEIR?O PRETO, Brazil China's CITIC Agri Fund said on Friday it had completed its $1.1 billion acquisition of Dow Chemical Co's corn seed business in Brazil, a potential vehicle for future purchases in Latin America.
SEOUL South Korea's AJ Networks Co said on Friday it was considering the sale of its stake in rental car company AJ Rent A Car and other options to beef up its competitiveness.
COPENHAGEN Maersk Oil, part of Denmark's A. P. Moller-Maersk, and its partners in the Danish Underground Consortium (DUC) have decided to invest 21 billion Danish crowns ($3.36 bln) in redeveloping the Tyra gas field in the North Sea.
TOKYO Nippon Life Insurance Co [NPNLI.UL], Japan's biggest private sector life insurer, has agreed to buy 24.75 percent of U.S. investment firm TCW Group Inc from U.S. asset manager Carlyle Group LP , the three companies said on Friday.
LONDON Barclays will sell a 7 percent stake in Johannesburg-based Barclays Africa Group on December 5, the British bank said on Friday, the latest and likely last in a series of such sales as it ends more than 90 years as a major presence on the continent.
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