Deals

Telecom Italia seeks to finalize Telecom Argentina sale

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MILAN - Italian phone company Telecom Italia said on Monday it confirmed a mandate to management to finalize a sale of its stake in Telecom Argentina .

Vale offers to sell its stake in Norsk Hydro 4:16pm EST

OSLO - Brazilian miner Vale will put up for sale most of its shares in Norwegian aluminum producer Norsk Hydro in a planned exit from an asset it has long considered non-core, the company said on Monday in a securities filing.

Mitel Networks to buy Aastra for C$392 million to expand in Europe 1:17pm EST

- Mitel Networks Corp , a provider of internet phone and video-conferencing services, said it would buy smaller rival Aastra Technologies Ltd for C$392 million ($374 million) to expand in Europe.

Rosneft agrees to ship oil to China via Kazakhstan 11:41am EST

YEKATERINBURG, Russia - Rosneft said on Monday it had agreed on the basic principles for shipping oil to China via neighboring Kazakhstan in a deal essential for the Russian company to honor its supply commitments to Beijing.

Shire to pay $4.2 billion for rare disease firm ViroPharma 9:01am EST

LONDON - London-listed Shire is buying ViroPharma for $4.2 billion, its biggest deal yet to strengthen its portfolio of lucrative drugs to treat rare diseases, which are attracting increasing attention from drugs companies as patents expire on their older treatments.

Etihad in talks over potential Airbus jet order: sources 8:54am EST

DUBAI/PARIS - Abu Dhabi's Etihad Airways is in talks to buy jets from Airbus even as it puts the finishing touches to a reported deal with rival Boeing , people familiar with the matter said.

Private equity groups line up for Saudi fast-food chain: sources 9:16am EST

DUBAI - TPG Capital and Abraaj Group have teamed up to compete against KKR & Co for a majority stake in Saudi Arabian fast-food chain Kudu, three banking and industry sources said.

Apollo's shrinking India sales show need to clinch Cooper deal 11:08am EST

- India's Apollo Tyres Ltd on Monday reported a fall in second-quarter revenue from its home market, underscoring the need to complete the acquisition of U.S. company Cooper Tire & Rubber Co to diversify overseas.

DBS to sell remaining stake in Philippines' lender BPI to Ayala, GIC 12:54pm EST

SINGAPORE - DBS Group Holdings , Singapore's biggest bank, has agreed to sell its remaining 9.9 percent stake in the Bank of Philippine Islands for S$850 million ($681 million), a year after it cut its stake by more than a half.

Novartis sells blood transfusion test unit to Grifols for $1.7 billion 6:19am EST

ZURICH/MADRID - Switzerland's Novartis has agreed to sell its blood transfusion testing unit to Spain's Grifols for $1.68 billion, in an increasingly buoyant market for healthcare deals.

Deals

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