Reuters Deals Today: September 2, 2015

Click to View in Browser Wednesday, September 2, 2015 Citi sells Hungary consumer banking business to Erste Group (Reuters) - Citigroup Inc agreed to sell its consumer banking business in Hungary to Austria's Erste Group Bank AG as the third-biggest U.S. bank by assets continues to divest non-core operating businesses. Tesco prefers buyout firm MBK's bid for South Korea unit SEOUL/HONG KONG (Reuters) - British retailer Tesco PLC has picked private equity firm MBK Partners as preferred bidder to buy its South Korean unit, people with direct knowledge of the process said, in a deal that could be valued at as much as $6.6 billion. Providence, Indosat vie for up to $1 billion Link Net stake JAKARTA/HONG KONG (Reuters) - Providence Equity Partners and PT Indosat Tbk are the only bidders for a majority stake in Indonesian TV and broadband operator PT Link Net Tbk after the up to $1 billion price tag put off other potential buyers, people familiar with the process said. UK's Bwin receives revised proposal from 888 (Reuters) - Online gambling firm 888 Holdings Plc stepped up the battle for Bwin.party Digital Entertainment Plc on Tuesday, submitting a revised takeover proposal as it looks to see off rival interest from GVC Holdings Plc . Aga saga sizzles as Whirlpool weighs rival bid LONDON (Reuters) - Whirlpool Corp , the world's biggest home appliance company, is set to battle Middleby for Britain's Aga Rangemaster , the maker of range cookers synonymous with affluent British middle-class country life. Japan's Ajinomoto could spend up to $1.7 billion on M&A by end-FY2016 TOKYO (Reuters) - Japan's Ajinomoto Co Inc could spend up to $1.7 billion for acquisitions and alliances by the end of the next fiscal year, its president said on Tuesday, as the company hunts for deals to help it grow into a top-10 global food maker. Rentokil buys $425 million U.S. pest control business Steritech LONDON (Reuters) - British support services company Rentokil Initial has continued its North American expansion with its biggest deal in 10 years, agreeing to buy pest control business Steritech for $425 million. Fiat Chrysler's Marchionne says 'unconscionable' to give up on GM deal: paper MILAN (Reuters) - It would be "unconscionable" for Fiat Chrysler Automobiles (FCA) not to pursue a merger with rival General Motors and create a company that can generate $30 billion a year in cash, FCA chief Sergio Marchionne said in a newspaper interview. China's Focus Media aims to relist via Hedy acquisition HONG KONG (Reuters) - China's Focus Media Holding Ltd, a Carlyle-backed company that was delisted in the United States after short-seller attacks, aims to relist on the market through an acquisition by communications equipment maker Hedy Holdings . Apple partners with Cisco to boost enterprise business (Reuters) - Apple Inc on Monday teamed up with network gear maker Cisco Systems Inc to improve the performance of its iPad and iPhone devices on Cisco's corporate network. Related Video Australian economy slows to 2-year low New models spur U.S. auto sales in August Related News Wall St. pulls back from record; utilities slump U.S. consumer confidence rises in December Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2015 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook