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Ubisoft shareholders in talks over possible buyout terms, sources say

By Amy-Jo Crowley and Julie Zhu LONDON/HONG KONG (Reuters) -Shareholders of Ubisoft Entertainment SA are considering how to structure a possible buyout of the Assassin’s Creed video game maker without reducing the founding family’s control, two people familiar with the matter told Reuters. The Guillemot family, which is the largest and founding shareholder, has been …

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UniCredit’s Munich offices searched in VAT fraud probe over ex client

MILAN (Reuters) -Italian bank UniCredit on Friday said a German probe over alleged tax evasion concerned a single former client, after its Munich offices were raided in an investigation into a possible 200 million euro ($212 million) fraud. UniCredit has owned Munich-based lender HVB since 2005. The European Public Prosecutor’s Office (EPPO) said that it …

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Aviva set to buy Direct Line to create $21 billion British insurer

By Yadarisa Shabong and Tommy Reggiori Wilkes LONDON (Reuters) -British insurer Aviva has agreed to buy smaller rival Direct Line in a sweetened 3.61 billion pound ($4.60 billion) cash-and-stock deal that will create the UK’s largest home and motor insurer. In a joint statement on Friday, the companies said a preliminary agreement had been reached …

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JD Logistics takes full ownership of Kuayue-Express with $892 million stake buy

(Reuters) -China’s JD Logistics will acquire the 36.43% stake it does not already own in Kuayue-Express Group for not more than 6.48 billion yuan ($892 million) to further enhance express delivery offerings, the logistics services firm said on Friday. Under an agreement, Suqian Jingdong Bohai Enterprise Management, a unit of JD Logistics, will acquire the …

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Exclusive-ICC prosecutor to stay on as U.N. investigates alleged sexual misconduct – sources

By Stephanie van den Berg and Anthony Deutsch THE HAGUE (Reuters) -International Criminal Court Prosecutor Karim Khan will be allowed to stay on in his role at the world’s permanent war crimes tribunal during a U.N.-led investigation into his alleged sexual misconduct, sources told Reuters on Friday. The U.N.’s Office of Internal Oversight Services (OIOS), …

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Trump’s easing of regulations to trigger Japan outbound M&A, Citi exec says

By Anton Bridge and Miho Uranaka TOKYO (Reuters) – Japanese companies will find it easier to gain approval for U.S. acquisitions under the incoming Trump administration, the vice chairman of Citigroup in Japan said, even as President-elect Donald Trump opposes Nippon Steel’s attempted buyout of U.S. Steel. The Trump presidency will also spark business reorganisations, …

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Novo Banco shareholders agree to unblock dividends, pave way for sale

LISBON (Reuters) – The three owners of Portugal’s fourth-largest bank Novo Banco have agreed to lift a ban on dividend payouts, paving the way for its potential sale or an initial public offering in 2025, the finance minister was quoted as saying on Friday. Joaquim Miranda Sarmento told the Expresso newspaper the agreement, involving the …

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