Oct 19 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Friday:
** Rosneft is poised to secure a tighter grip on
Russia's oil industry by buying BP's 50 percent stake in
TNK-BP, the country's third largest producing company.
The British oil company's board will meet on Friday to consider
a cash and stock offer worth over $25 billion.
** Canadian insurer Sun Life Financial is committed
to Britain, it said after the Financial Times reported it had
shelved plans to sell its British division.
Sun Life's British unit has 750,000 policyholders and held
nearly 12 billion pounds ($19.36 billion) of assets as of June
30 this year. The annuity-focused business stopped accepting new
customers in 2010.
** A Singapore hotel and property firm backed by Indonesia's
Lippo Group may team up with Japan's Kirin Holdings to thwart a
$7.2 billion takeover offer for Fraser and Neave Ltd
from companies linked to Thailand's third-richest man, sources
** Canada's Astral Media, owner of television,
radio and outdoor-advertising assets, could be broken up and
sold to several buyers, analysts said on Friday, after the
country's broadcast regulator unexpectedly vetoed a takeover by
** French retailer Carrefour went a long way to
reining in its huge debt after agreeing late on Thursday to sell
its Colombian assets to Chile's Cencosud for a higher
than expected 2 billion euros ($2.62 billion).
** ING is selling its Hong Kong, Macau and Thailand
insurance units to businessman Richard Li, son of Asia's richest
man Li Ka-shing, for $2.14 billion in cash, the Dutch financial
services company said in a statement.
** Telefonica has received orders for all the
shares it is offering in its German unit in a 1.5 billion ($1.96
billion) stock market listing, three days into the marketing
process, five people close to the transaction said.
** French engineering company Schneider Electric
has abandoned plans to sell its CST sensors division for around
$1 billion, people with knowledge of the matter said.
** Norway's Atea ASA has ended talks with a
potential buyer, it said late on Thursday, after earlier
announcing it was in discussions with an unnamed private equity
fund for a deal that would value the IT firm at least $1.2
** Harry Winston Diamond Corp said on Thursday it
had received various indications of interest regarding a
potential purchase of its luxury brand business, but the company
said it is not in active negotiations regarding any such
** The private equity investor that bought the British
retailer Comet for only 2 pounds ($3.23) just eight months ago,
is considering selling the electrical goods chain, the Financial
** India's United Spirits Ltd, which is in talks
to sell a stake to UK giant Diageo Plc, said on Friday
it will sell 935,982 shares in Pioneer Distillers, a
stake that at Friday's price would be worth 45.49 million
** Shares in Italy's RCS Mediagroup, the publisher
of influential daily Corriere della Sera, climbed more than 10
percent on Friday after an Italian financier offered to buy a
5.1 percent stake at a 130-percent premium.
** Spanish bank Santander and Elavon, a U.S.
Bancorp-owned credit-card payment processor, are to jointly
develop a credit and debit card payment service in Spain.
** Top Japanese cable operator Jupiter Telecommunications Co
will buy its closest rival Japan Cablenet Ltd to
create a company that will control half of Japan's cable
services, the Nikkei reported.
** U.S. hedge fund Golden Tree could get an indirect 33
percent stake in Cerberus Capital Management's Austrian
banking unit BAWAG PSK in a move that could help
shore up BAWAG's balance sheet, a newspaper reported.
** Spanish builder FCC's Austria-based subsidiary
Alpine is looking to sell assets to help cut debt and get its
finances back on a more solid footing, officials said on
** Nationstar Mortgage Holdings Inc and a consortium
of Ocwen Financial Corp and Walter Investment Management
Corp are expected to make bids for Residential Capital
LLC's mortgage business in a bankruptcy auction that
begins next week, sources familiar with the situation said.