Nov 7 The following bids, mergers, acquisitions
and disposals were reported by 2130 GMT on Wednesday:
** French communications conglomerate Vivendi SA is
looking to raise at least 7 billion euros ($8.9 billion) from
the sale of Brazilian unit GVT and has attracted expressions of
interest from at least four bidders, said two sources with
direct knowledge of the situation.
U.S. satellite provider DirecTV said it is in the
early stages of evaluating a potential acquisition of GVT.
** HSBC is nearing the sale of more than $6 billion
of U.S. mortgages and other personal lending as part of its
accelerated run-down of its troubled U.S. loans book.
** Apollo Global Management LLC is in exclusive
talks to buy the education unit of McGraw-Hill Companies Inc
, a person familiar with the matter said, in a deal that
could be worth about $3 billion.
** Indian lubricants maker Gulf Oil Corp said on
Tuesday it has acquired U.S.-based specialty chemicals company
Houghton International from a private equity fund for
** German utility E.ON may fetch up to 440
million euros ($563 million) in the planned sale of its regional
unit E.ON Westfalen Weser (EWA), two people familiar with the
matter told Reuters on Wednesday.
** Sprint Nextel Corp agreed to buy from United States
Cellular Corp its businesses in Chicago, St. Louis,
Central Illinois and three other Midwest markets for $480
million in cash and the assumption of some liabilities.
** Finland's Outokumpu won EU approval to buy
ThyssenKrupp's Inoxum unit creating the world's top
stainless steel producer but must sell a prized Italian mill to
assuage monopoly concerns.
** Morgan Stanley has launched the sale of its India
private wealth business, which manages about $1 billion
including loans, after entering the highly fragmented and
competitive market just four years ago, sources with knowledge
of the matter said.
** Abu Dhabi's top two developers - Aldar Properties
and Sorouh Real Estate - said their
government-backed talks were at an advanced stage.
** Insurer Old Mutual unveiled a Nigerian
acquisition as it pressed ahead with plans to grow in
sub-Saharan Africa, and said it was closing its Austrian and
German units to new customers.
** Exxon Mobil has officially informed Iraq's
government it wants to pull out of a $50 billion oil project,
telling Baghdad in a letter it has started talks with other oil
companies to sell its stake, senior Iraqi officials said.
** Carlyle Group said it will not make an offer for
British defence equipment maker Chemring Group Plc.
** A mining venture co-founded by the former boss of Vale
, Roger Agnelli, is among suitors considering BHP
Billiton's slice of the Mount Nimba iron ore deposit in
Guinea, sources familiar with the matter said.
** The International Airlines Group is considering
a full takeover of Spanish low-cost airline Vueling
while it prepares massive lay-offs at the country's flag carrier
** The Czech Finance Ministry wants the government to
prepare the national carrier Czech Airlines (CSA) for
privatisation, news website lidovky.cz reported on Wednesday.