EU Weighs Ban on Proprietary Trading at Biggest Banks From 2018

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BN 01/16 17:48 EU Weighs Ban on Proprietary Trading at Biggest Banks From 2018

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EU Weighs Ban on Proprietary Trading at Biggest Banks From 2018 2014-01-16 17:51:10.998 GMT

By Jim Brunsden Jan. 16 (Bloomberg) -- The largest banks in the EU would face a “narrowly” defined ban on proprietary trading from 2018 under draft plans by Michel Barnier, the EU’s financial services chief. * Regulators would also have until then to gauge whether some banks should split off their trading activities into separately capitalized units, according to the document obtained by Bloomberg News * Banks would be caught by the proprietary-trading ban if they are identified by regulators as “systemically important” at a global level or if they surpassed certain financial thresholds, according to the undated document * Bloomberg Story Link:NSN MZI9HB6K50Z3<GO>

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To contact the reporter on this story: Greg Chang in San Francisco at +1-415-617-7076 or gchang1@bloomberg.net

To contact the editor responsible for this story: Greg Chang at +1-415-617-7076 or gchang1@bloomberg.net

Bankia Selling 10% Stake in NH Hoteles, Terms Show

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BN 01/16 17:47 *JB CAPITAL, SOCIEDAD DE VALORES MANAGING BANKIA SALE: TERMS BN 01/16 17:46 *BANKIA SELLING 10% STAKE IN NH HOTELES, TERMS SHOW

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Bankia Selling 10% Stake in NH Hoteles, Terms Show 2014-01-16 17:59:54.796 GMT

By Alexis Xydias Jan. 16 (Bloomberg) -- Bankia selling 30.8m shrs in accelerated bookbuilding, according to terms obtained by Bloomberg News. * JB Capital, Sociedad de Valores are sole bookrunners * Bankia Bolsa, Sociedad de Valores are co-bookrunners

Link to Company News:{BKIA SM <Equity> CN <GO>} Link to Company News:{NHH SM <Equity> CN <GO>}

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To contact the reporter on this story: Alexis Xydias in London at +33-1-5365-5019 or axydias@bloomberg.net

To contact the editor responsible for this story: Cecile Vannucci at +44-20-3525-7032 or cvannucci1@bloomberg.net

Golden Ocean Offers Up to $200m Conv Bond

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Golden Ocean Offers Up to $200m Conv Bond 2014-01-16 18:12:30.765 GMT

By John Simpson Jan. 16 (Bloomberg) -- Bonds expected to have annual coupon of 2.75%-3.375%. * Proceeds to be used to acquire vessels, partly to finance newbuilds and general corp. purposes, co. says * Final terms of bonds to be announced Jan. 17

Link to Statement:NSN MZIA1N3PWT1D <GO> Link to Company News:GOGL NO <Equity> CN <GO>

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To contact the editor responsible for this story: John Simpson at +1-416-203-5726 or jsimpson12@bloomberg.net

(BFW) *CAIXABANK SELLING 5% STAKE IN BOLSAS Y MERCADOS: TERMS

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BN 01/16 17:21 *BOLSAS Y MERCADOS STAKE SALE MANAGED BY CITIGROUP: TERMS BN 01/16 17:20 *CAIXABANK SELLING 5% STAKE IN BOLSAS Y MERCADOS: TERMS BN 01/16 17:20 *CAIXABANK SELLING STAKE IN BOLSAS Y MERCADOS: TERMS

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*CAIXABANK SELLING 5% STAKE IN BOLSAS Y MERCADOS: TERMS 2014-01-16 17:21:39.640 GMT

--ANDREA SNYDER

-0- Jan/16/2014 17:21 GMT

(BFW) Lavena Holding Selling 16.6% Stake in ProSiebenSat.1

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BN 01/16 17:07 *KKR, PERMIRA HOLD THEIR PROSIEBEN SHARES IN LAVENA HOLDING BFW 01/16 17:06 *PROSIEBEN SHARE SALE BEING MANAGED BY BAML, DEUTSCHE BANK BN 01/16 17:05 *PROSIEBEN SHARE SALE BEING MANAGED BY BAML, DEUTSCHE BANK BN 01/16 17:04 *LAVENA HOLDING SELLING 36.3M SHARES IN PROSIEBENSAT.1 BN 01/16 17:03 *LAVENA HOLDING SELLING 16.6% STAKE IN PROSIEBENSAT.1

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Lavena Holding Selling 16.6% Stake in ProSiebenSat.1 2014-01-16 17:18:03.354 GMT

By Ruth David and Andrea Snyder Jan. 16 (Bloomberg) -- Lavena Holding selling 36.3m shrs in ProSiebenSat.1, according to e-mailed statement from Bank of America. * BAML, Deutsche Bank managing shr sale * NOTE: KKR, Permira hold their Prosieben shrs in Lavena Holding * NOTE: Nov. 13, KKR, Permira Sell ProSiebenSat.1 Media Stake Worth $1.5 Billion {NSN MW70LW6JTSEQ <go>}

Link to Company News:{727032Z LN <Equity> CN <GO>} Link to Company News:{KKR US <Equity> CN <GO>} Link to Company News:{PSM GR <Equity> CN <GO>} Link to Company News:{BAC US <Equity> CN <GO>} Link to Company News:{DBK GR <Equity> CN <GO>}

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To contact the editor responsible for this story: Andrea Snyder at +1-202-624-1831 or asnyder5@bloomberg.net

(BFW) Accor 4Q Rev. In Line With Ests., Raises 2013 Forecast

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BFW 01/16 16:45 Ahold 4Q Rev. In Line With Ests., Raises 2013 Ebit Forecast

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CORRECT: Accor 4Q Rev. In Line With Ests., Raises 2013 Forecast 2014-01-16 16:47:21.433 GMT

By Heather Burke Jan. 16 (Bloomberg) -- (Corrects co. name in headline) Accor 4Q total rev. EU1.40b, est. EU1.40b (median of 10). * Raises 2013 Ebit forecast to ~EU530m, had seen EU510m-EU530m (Bloomberg est. EU523.4m) * 4Q total LFL sales up 3.4%, est. up 3.8% (median of 8) * 4Q Upscale & Midscale hotels LFL sales up 3.3%, est. up 4% (median of 7) * 4Q Economy hotels LFL sales up 4.1%, est. up 4.1% (median of 7) * In 4Q had very robust demand in all key mkts, particularly in Europe * In emerging mkts demand remained very strong in Latin America, Africa-Middle East region * Asia-Pacific region was satisfactory overall, had lower business in China, in Australia Economy hotels remains under pressure * Call 6:30pm CET +44 (0)20 3367 9453 * Preview here * Next catalyst: 2013 earnings Feb. 20

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--Editor: James Ludden

To contact the reporter on this story: Heather Burke in London at +44-20-7673-2044 or hburke2@bloomberg.net

To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net

(BFW) Telecom Italia To Set up Procedure for Eventual Brazil Deals

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Telecom Italia To Set up Procedure for Eventual Brazil Deals 2014-01-16 16:30:22.810 GMT

By Dan Liefgreen Jan. 16 (Bloomberg) -- Telecom Italia says no talks under way now regarding Brazilian assets. * Telecom Italia starts review of corp. governance * Telecom Italia forms working group to review corp governance and report back to board Feb. 6 * Board reviewed situation at TI Media today * Telecom Italia comments in statement * NOTE: Telecom Italia CEO Said to Back Curbing Telco Power on Board {NSN MZHPUW6K50XZ <go>}

Link to Company News:{TIT IM <Equity> CN <GO>} Link to Company News:{TEF SM <Equity> CN <GO>} Link to Company News:{TME IM <Equity> CN <GO>}

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>>> Tyson weighs $2 billion-plus deal for Michael Foods - sources

(Reuters) - Tyson Foods Inc (TSN.N) is exploring a bid for Michael Foods Group Inc, a deal that would combine one of the world's largest chicken processors with a large distributor of egg and dairy products, according to three people familiar with the matter.
A potential deal for Michael Foods, which is seen worth between $2 billion and $2.5 billion according to the people, would place Tyson, the nation's largest meat producer, into an adjacent category within poultry and protein.
Michael Foods, the egg and dairy products producer owned by Goldman Sachs Group Inc's (GS.N) private equity unit, is in the early stages of finding a buyer, and Tyson may ultimately choose not to move forward with an offer, the people cautioned.
Michael Foods is working with Goldman Sachs' investment banking unit and Bank of America Merrill Lynch (BAC.N) on a potential sale, Reuters reported in December.
The sources declined to be named because the matter is private. Tyson Foods and Michael Foods declined to comment. A Goldman Sachs spokeswoman did not immediately respond to a request for comment.
Minnetonka, Minnesota-based Michael Foods produces and distributes products including specialty eggs, refrigerated potatoes, cheese and other dairy products.
Tyson Foods, which has a market cap of around $12 billion, has traditionally shunned large acquisitions. The last major acquisition it made was its 2001 purchase of IBP Inc for $3.2 billion, which helped transform the company into the world's largest meat producer and processor.
A tie-up between Tyson and Michael Foods would bring synergies on the poultry side of thebusiness as both companies raise chickens.
Goldman Sachs Capital Partners bought Michael Foods from private equity firm Thomas H. Lee Partners LP in 2010 for around $1.7 billion. Thomas H. Lee retained an ownership stake of about 20 percent as part of the transaction.
In the nine months ending September 28, Michael Foods posted adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of $188 million, up 7.2 percent from the same period last year.
For the full 2013 year, the company was on track to report EBITDA of around $250 million. Michael Foods is hoping to fetch roughly 9 or ten times that amount, according to the people familiar with the matter.