By Reuters Staff
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(Reuters) -Car battery maker Clarios, backed by Canada’s Brookfield Asset Management Inc, said on Wednesday it had confidentially filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering.
The company did not disclose other details about the proposed offering.
The flotation of Clarios, which could be valued at over $20 billion in its IPO according to a person familiar with the matter, would mark one of the biggest stock market debuts from the automotive sector this year.
Electric-vehicle maker Lucid Motors struck a $24-billion merger deal with a blank-check firm in February, while another high-flying startup Rivian is also lining up to go public later this year.
Brazil's state-owned oil company Petroleo Brasileiro SA (PETR4.SA) has approved the sale of its remaining 10% stake in the NTS gas pipeline network for 1.8 billion reais ($337 million) to Brookfield and Itausa SA, the company said in a statement on Wednesday.
At least four groups register for Rio sanitation auction, source says Reuters 4 hrs ago
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By Rodrigo Viga Gaier
RIO DE JANEIRO, April 28 (Reuters) - At least four potential bidders have registered for the auction of concessions managed by Rio de Janeiro state water and sewage utility Cedae, a source with direct knowledge of the matter told Reuters on Wednesday.
The auction, expected to conclude on Friday, could be one of the largest privatizations in Brazil this year and is considered a key step in shoring up Rio de Janeiro state s shaky finances.
The four concessions are being sold separately with a minimum bid for all four set at 10.6 billion reais ($1.94 billion). The winners are set to be announced on Friday.
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OTTAWA Mark Carney, who has led central banks in two Group of Seven nations, may be running out of time to enter politics in his native Canada and become a contender to replace Prime Minister Justin Trudeau.
Speculation is rising inside the ruling Liberal Party that Carney may be seeking to position himself as a successor to Trudeau, who has governed Canada since 2015. Winning a seat in the House of Commons is seen as a required first step, as the Liberals have rarely chosen a leader from outside its ranks in the past century.
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Does banker Mark Carney have his eyes on Canada s top prize? Reuters 2 hrs ago
By David Ljunggren
OTTAWA, April 15 (Reuters) - Mark Carney, who has led central banks in two Group of Seven nations, may be running out of time to enter politics in his native Canada and become a contender to replace Prime Minister Justin Trudeau.
Speculation is rising inside the ruling Liberal Party that Carney may be seeking to position himself as a successor to Trudeau, who has governed Canada since 2015. Winning a seat in the House of Commons is seen as a required first step, as the Liberals have rarely chosen a leader from outside its ranks in the past century.