April 9 The following bids, mergers,
acquisitions and disposals were reported by 2015 GMT on Tuesday:
** Royal Dutch/Shell has offered to sell its
minority stake in oil refiner Ceska Rafinerska to the Czech
government, a news website quoted a senior government official
as saying on Tuesday. Shell has 16.33 percent of Ceska
Rafinerska, which is majority-owned by Unipetrol, a unit of
Poland's PKN Orlen.
** Hong Kong's Hutchison Whampoa is in talks to
buy up to 29.9 percent of Telecom Italia in a deal
that would radically alter the power base at Italy's leading
phone company, two sources familiar with the negotiations said.
** U.S. private equity firm KKR & Co LP has agreed
to buy a controlling stake in Indian tyre maker Alliance Tire
Group for about $500 million from Warburg Pincus LLC,
three sources with direct knowledge of the matter told Reuters.
** The board of Spanish low-cost airline Vueling
unanimously recommended shareholders accept an improved takeover
offer of 9.25 euros per share from International Airline Group
** Canada's Shaw Communications Inc said on Monday
that it would pay C$225 million ($221 million) to acquire a
fiber-optic network in Calgary from city-owned power company
** FXCM Inc said it offered to buy Gain Capital
Holdings Inc for $210.4 million in stock to increase
its presence in the online foreign exchange market.
** Tata Consultancy Services, India's top software
services provider, will buy privately held Alti SA of France for
75 million euros ($98 million) -- an acquisition that highlights
the industry's growing interest in France and Germany.
** Australia's Billabong International Ltd said a
consortium led by its former U.S. boss, Paul Naude, had cut its
takeover bid for the struggling surf wear company by 45 percent
to $300 million.
** Saudi Arabian family firm Dabbagh Group is in the
advanced stages of buying out its Indian partner's stake in a
lubricant venture in the kingdom, a deal prompted by strategy
differences between the partners, three sources aware of the
Jeddah-based Petromin is a joint venture between Gulf Oil
International Group - a unit of family-owned Hinduja
which owns a 49-percent stake - and Dabbagh with a majority 51
** The Vienna Stock Exchange and the Warsaw bourse
have held preliminary discussions about a possible merger, a
source close to the discussions said.
** Israeli energy, real estate and insurance conglomerate
Delek Group has received from international companies
in the past week a number of non-binding offers to acquire Delek
Petroleum's holdings in Delek Europe.