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Sunday, November 22, 
2:26 am

Deal International: News on HSBC, Centro Properties and more

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Stay tuned to TheDeal.com and Deal International for updates to these stories and more.

HSBC Holdings plc-Banque Populaire
Topping international headlines Friday morning, HSBC says it's in talks with Banque Populaire to sell it 403 French branches after receiving a $3.2 billion bid.

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Also on Dealscape

Close Brothers
Shares in Close Brothers plunge as it says takeover talks are over.

Centro Properties Group Ltd.
Restructuring mall owner Centro Properties slashes $1 billion from the value of U.S. assets and loses more than a fifth of its market value.

Soccer spat
Foreign interest in U.K. soccer comes to the fore Friday. Championship team Sheffield Wednesday disclosed a Russian takeover approach as a spat apparently rages on between Liverpool owners Tom Hicks and George Gillett over whether Gillett can sell his stake in the Premiership club to a Dubai investor.

Renault SA-Avtovaz OAO
Renault buys 25% stake in Russia's biggest auto producer, Avtovaz, in a deal worth $1.2 billion, according to reports from the Russian press.

GCap Media plc-Global Radio Group Ltd.
The radio broadcaster rejects a sweetened $660 million offer from Charles Allen's Global Radio.

Japan Airlines Corp.
And in Japan, Asia's most debt-ridden carrier Japan Airlines will raise $1.4 billion by selling preferred shares to institutions including UBS AG, Mizuho Corporate Bank Ltd. and Bank of Tokyo-Mitsubishi UFJ.

- The editors

See TheDeal.com story on Centro
See earlier Renault-Autovaz story on TheDeal.com
See TheDeal.com story on GCap-Global Radio





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