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World’s biggest rail IPO since 1993 to seek $5 billion

  Bloomberg Japan’s government plans to privatize Kyushu Railway Co. through a share sale that may fetch about 500 billion yen ($5 billion), according to people with direct knowledge of the matter, in what would be the rail industry’s biggest initial public offering in more than two decades. The Japan Railway Construction, Transport and Technology Agency, which fully owns the ...

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Juncker vows Brexit won’t kill off EU

  Strasbourg / AFP European Commission head Jean-Claude Juncker on Wednesday issued a rallying cry for unity after Brexit, saying the EU is not in danger of splitting up but must fight back against “galloping populism”. In his annual State of the Union speech, Juncker unveiled a raft of economic and security proposals to find common ground after a year ...

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Bayer strikes deal to buy Monsanto for $66bn

  Frankfurt/ AFP German chemicals giant Bayer said on Wednesday it had agreed to buy the controversial US seeds and pesticides firm Monsanto for $66 billion, in a deal that triggered immediate criticism from environmentalists. After a months-long pursuit, Bayer said its US peer had accepted an improved offer of $128 per share for Monsanto in an all-cash transaction, avoiding ...

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