UPDATE 3-Deals of the day -- mergers and acquisitions
(Adds SGL Group, Hydro-Quebec, Seamark, others)
Oct 29 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Thursday. (For Reuters columns on deals, click on [DEALTALK/] )
** Hydro-Quebec said it will buy most of the assets of debt-laden New Brunswick Power in a C$4.75 billion ($4.4 billion) deal that will give it better access to power-hungry markets in the U.S. Northeast.
To read more, double click on [ID:nN29356252]
** Independent oil exploration and production company Magnum Hunter Resources Corp MHR.A said it agreed to buy assets of privately held Triad Energy Corp out of Chapter 11 bankruptcy for $81 million. [ID:nBNG466375]
** Geely Automobile (0175.HK), whose shares have soared as its parent's bid for Ford's (F.N) Volvo, could win a valuable brand if the bid succeeds, but could take years to see profits from the loss-making Swedish carmaker. [ID:nHKG181412]
** South Korean shipbuilder STX Offshore & Shipbuilding (067250.KS) said it was in talks with the Korea Development Bank (KDB) to sell a stake in STX Heavy Industries Co. [ID:nSEO1637]
** Privately owned coal miner Czech Coal is close to a deal with power company CEZ (CEZPsp.PR) to swap its CSA brown coal pit for one of the utility's power stations, sources familiar with the talks said. [ID:nLT243495]
** British pay-TV group BSkyB (BSY.L) launched its appeal on Thursday against a competition ruling forcing it to reduce its 17.9 percent stake in free-to-air broadcaster ITV (ITV.L). [ID:nLT302916]
** BMW (BMWG.DE) set up a joint venture with carbon fibre specialist SGL Group (SGCG.DE) to build lightweight components for the premium car maker's Megacity electric vehicle concept, boosting SGL's shares. [ID:nLT320298]
** Money manager Seamark Asset Management Ltd SM.TO said it is combining with GrowthWorks Ltd to bolster assets under management, with the combined company to be called Matrix Asset Management Inc. [ID:nN29366453]
** Private equity firm EQT acquired two of Bulgaria's major cable TV and Internet companies for over 200 million euros ($294.8 million) and said it would merge them into the country's biggest cable operator. [ID:nLT324042]
** Belarus is finishing talks on the sale of state-controlled BPS Bank to Russia's biggest lender, Sberbank SBER03.MM, and a deal could be signed next month, the head of the Belarussian central bank said. [ID:nLT368095]
** Standard Bank Group Ltd (SBKJ.J), Africa's biggest bank by assets, has no plans to buy a brokerage in Brazil, the Standard's top executive in Brazil told Reuters. [ID:nN29323812] (Compiled by Amit Kumar and Vidya Lakshmi in Bangalore and Tina Kwan in Singapore)
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