LONDON (Thomson Financial) - Here are the top stories on Thomson Financial News Morgan Stanley to buy ANA hotels for record 281.3 bln yen
TOKYO (XFN-ASIA) - Morgan Stanley said it will buy 13 Japanese hotels owned by All Nippon Airways Co for a record 281.3 bln yen.
The transaction is believed to be the largest real estate deal in Japanese history.
3i planning 5 bln usd investment in Indian infrastructure sector
report
MUMBAI (Thomson Financial) - 3i is planning to invest 5 bln usd in Indian infrastructure projects along with government owned India Infrastructure Finance Company Ltd (IIFCL), the Economic Times reported.
The report quoted government sources as saying that 3i, which will focus on equity while IIFCL focuses on the debt portion, is likely to invest 500 mln usd of its own funds. CVC Partners eyeing Altadis - source
PARIS (Thomson Financial) - Investment fund CVC Capital Partners is 'interested in the possibility of acquiring Franco-Spanish tobacco group Altadis, a source close to the matter told Agence France-Presse.
On Tuesday, Altadis rejected an improved 47-eur-per share 'indicative' offer proposed by Imperial Tobacco PLC and said it has instructed its advisors to continue to seek the best options for the company, its shareholders and employees. Canada's Cott in talks with private-equity firms over Cadbury's drinks ops - WSJ
HONG KONG (XFN-ASIA) - Cott Corp, a Canadian company that makes private-label drinks for such retailers as Wal-Mart Stores Inc, is talking with private-equity firms about joining its operations with Cadbury Schweppes PLC's beverage arm, the Wall Street Journal reported, citing a source familiar with the matter.
It said that several private-equity firms are considering a bid for Cadbury's brands, which include Dr Pepper and 7 UP. Samsung Elec Q1 opg down over 40 pct vs Q4; below consensus
SEOUL (XFN-ASIA) - Samsung Electronics Co Ltd said operating profit fell more than 40 pct in the three months to March compared to the previous quarter, due to weaker chip and LCD operations.
The company said operating profit declined to 1.18 trln won in the first quarter, down 42 pct from the fourth quarter. COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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