(Corrects the headquarters location of Old World Industries.)
1. The world’s largest publicly traded commodities dealer, Glencore International, will buy Switzerland-based coal exporter Xstrata for about $41 billion.
2. Brazil raised $14 billion through the sales of licenses to operate three of the country’s busiest airports in an auction aimed at accelerating private infrastructure investments ahead of the 2014 World Cup.
3. Itaú Unibanco, Brazil’s No. 1 bank by market value, offered to buy the portion of card-payment processor Redecard it doesn’t already own for as much as $6.8 billion.
4. Thai polyester producer Indorama Ventures will pay $795 million for the ethylene-producing units of Illinois-based Old World Industries.
5. National Oilwell Varco, the largest U.S. oilfield-equipment maker, will acquire Denmark’s NKT Flexibles for $673 million, expanding its ability to sell gear for deep-water exploration projects.
6. GT Capital Holdings, owned by Philippine billionaire George Ty, plans to raise as much as $578 million in what would be the second-biggest IPO on record in the Philippines.
7. U.S. bank BB&T will pay $570 million for Crump Group’s life insurance and property and casualty divisions, as well as the rights to the Crump name.
8. Singapore’s state-owned investment firm Temasek Holdings sold $300 million of shares in Mumbai-based ICICI Bank, says a person with knowledge of the sale.
9. Caesars Entertainment, the casino chain saddled with more than $22 billion in debt, raised $16.3 million in an IPO that values the company at $1.13 billion.
10. The 1889 Vincent van Gogh landscape painting Vue de l’asile et de la Chapelle de Saint-Rémy sold for $16 million at an auction of artwork formerly owned by the late Elizabeth Taylor.