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CVC delays Toshiba buyout offer after CEO swap - Nikkei


By Reuters Staff
1 Min Read
April 16 (Reuters) - Private equity firm CVC Capital Partners will delay submitting a buyout offer for Toshiba Corp , following the appointment of a new chief executive officer by the Japanese industrial group, Nikkei reported on Friday. (Reporting by Tiyashi Datta in Bengaluru; Editing by Devika Syamnath)

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ABB raises 2021 guidance as customers rebuild inventories


By Reuters Staff
2 Min Read
The logo of Hitachi ABB is seen at an office building in Zurich, Switzerland September 10, 2020. Picture taken September 10, 2020. REUTERS/Arnd Wiegmann
ZURICH (Reuters) - ABB raised its full year sales outlook on Thursday, saying it expects to increase its revenues by around 5% or more on a like-for-like basis, citing a strong demand especially towards the end of March.
The maker of industrial robots, drives and motors, said its first quarter revenues had risen by 11% to $6.90 billion from $6.22 billion a year earlier, as customers rebuilt their inventories and customers in the commodities sectors reinvested in equipment.

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AerCap to buy GE's aircraft-leasing unit in $30 billion deal

The world's two largest aircraft leasing companies are combining to create a new financing giant after Ireland's AerCap finalised a deal worth more than $30 billion to buy the leasing unit of General Electric.

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AerCap to acquire GE's aircraft-leasing unit


4 Min Read
(Reuters) - The world’s two largest aircraft leasing companies are combining to create a new financing giant after Ireland’s AerCap finalised a deal worth more than $30 billion to buy the leasing business of General Electric.
The two companies, which tied the knot on Wednesday after days of speculation surrounding a takeover of GE’s leasing arm GECAS, together control more than 2,000 jets, dwarfing rivals.
The tie-up creates easily the largest buyer of jetliners built by planemakers Airbus AIR.PA and Boeing BA.N and will reshape a global air finance industry that has attracted a flood of capital in recent years as investors look for higher returns.

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AerCap confirms aircraft-leasing business talks with General Electric

Ireland's AerCap Holdings NV on Tuesday confirmed ongoing discussions with General Electric Co to acquire its aircraft-leasing business.

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UPDATE 1-Spain's Acciona shares soar after board announces potential renewable unit IPO


By Reuters Staff
(Adds detail, spin-off confirmation, 2020 earnings)
MADRID, Feb 18 (Reuters) - Spanish energy and engineering company Acciona is planning to hive off and list its renewable power business on the stock market, the company said on Thursday as it posted an 8% rise in annual profit.
While the scale and structure of the listing have yet to be defined, at least 25% of the new company would be floated and Acciona would remain the majority shareholder.
The listing, which would include the entire energy business apart from a stake in turbine maker Nordex, is likely this year to take advantage of strong demand for clean-energy projects.

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WTO tells U.S. to revise trade measures against South Korea

The World Trade Organization recommended on Thursday that the United States revise a series of duties imposed in the pre-Trump era on South Korea, presenting new U.S. President Joe Biden with a dilemma.

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WTO finds for South Korea over U.S. trade measures, in challenge for Biden

The World Trade Organization recommended on Thursday that the United States revise a series of duties imposed in the pre-Trump era on South Korea, presenting new U.S. President Joe Biden with a dilemma.

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