UPDATE 2- Deals of the day -- mergers and acquisitions
** Poland wants to sell its remaining stakes in banks BZ WBK BZWB.WA, Citibank Handlowy BAHA.WA and Bank BPH BPHW.WA as soon as this month to bring much needed funds to the state budget, a deputy treasury minister told Reuters on Monday. [ID: nLA394747]
** Japanese private equity fund Vana World is considering acquiring a Korean real estate investment company this year to invest 2 trillion won ($1.63 billion) in a Korean city, a Korean daily newspaper said. [ID:nSEO265409]
** Finnish publisher Alma Media Oyj (ALN1V.HE) on Monday made a long-awaited cash offer for all shares in Talentum (TTM1V.HE), valuing its smaller rival at 81.9 million euros ($117.6 million). [ID:nLA132792]
** British travel group Holidaybreak Plc HBR.L said on Monday it exchanged contracts to buy a site at Liddington, Wiltshire, from the administrators of the Liddington Hotel for 9.4 million pounds ($15.7 million) to expand its education division. [ID:nBNG481958]
** Malaysia's Bank Islam is in talks with several stakeholders in Indonesia's PT Bank Muamalat and wants to take control of the Indonesian Islamic bank, the Business Times reported. [ID:nKLR470260]
** Poland may sell up to 10 percent in Europe's No. 2 copper producer KGHM KGHM.WA to support its stretched state budget despite the opposition of its unions and a junior coalition party, a top aide to the prime minister said. [ID:nL8574612]
** Kuwaiti telecoms firm Zain (ZAIN.KW) said it was not aware of talks between shareholders and an Asian group after a newspaper reported stake sale negotiations. [ID:nL9699246]
** Japan's No.3 drugmaker Daiichi Sankyo (4568.T) said it would again delay its open offer for a 20 percent stake in India's Zenotech Laboratories (ZENL.BO) after an Indian court asked it to postpone the launch. [ID:nTFD006319]
** Indian investor Ram Bhavnani said on Monday he had cut his stake in Banco Popular (POP.MC) to 2.8 percent from 4.8 percent to reduce gearing. [ID:nMDT006617]
** Philippines' food-to-power conglomerate San Miguel Corp (SMC) (SMC.PS) said on Monday it was keen to gain a majority in Manila Electric Co (MER.PS) but analysts say it is a toss up as to who could end up owning the country's largest power retailer. [ID:nMAN478406]
** WebMediaBrands Inc (WEBM.O) said it has signed an agreement to sell internet.com assets for $18 million in cash. [ID:nWNBB2640]
(Compiled by Brenton Cordeiro and Abhinav Sharma in Bangalore)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints



Follow Reuters