May 8 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Wednesday:
** Dairy products maker China Mengniu Dairy Co Ltd
said it planned to buy 26.92 percent of China Modern Dairy
Holdings Ltd for HK$3.18 billion ($409.8 million) to
secure a stable, long-term premium milk supply.
** Malaysian state oil company Petronas agreed to pay $850
million for a stake in two Brazilian offshore oil blocks,
bolstering billionaire Eike Batista who is selling assets to
keep his energy, mining, port and shipbuilding empire afloat.
** Swiss engineering group Georg Fischer AG said on
Wednesday it will buy a majority stake in Hakan Plastik with an
option to buy the Turkish plastic pipe maker's remaining shares.
** Warren Buffett's Berkshire Hathaway Inc, the
largest investor in DaVita HealthCare Partners Inc, has
entered an agreement allowing it to nearly double its stake in
the largest U.S. operator of dialysis clinics to 25 percent.
** Turkey is in talks with the London Stock Exchange
and Nasdaq about possible strategic partnerships for
its stock exchange in Istanbul, Deputy Prime Minister Ali
Babacan said on Wednesday.
** Dutch dredging group Boskalis said on Wednesday
it is in talks to sell its stake in Archirodon, a construction
company involved in projects in several countries in the Middle
** Sumitomo Mitsui Banking Corp (SMBC) said it agreed to
acquire as much as 40 percent of Indonesian lender BTPN
, giving the Japanese bank a foothold in the
fast-growing Southeast Asian economy.
** Keith Meister, managing partner and chief investment
officer of Corvex Management, said on Wednesday that TW Telecom
is a strong candidate for acquisition.
** BC Partners' $1.3 billion acquisition of
animal identification company Allflex will be backed
with an $810 million debt financing, banking sources said on
** Private equity investor Oaktree is in advanced
talks to merge its German office real estate unit Acorn with
competitor Prime Office.
** San Clemente, California-based medical device provider
ICU Medical Inc is considering a sale that could fetch
more than $1 billion, according to a Bloomberg News report
** Turkey's Gozde Girisim mandated asset manager
Unlu to sell its 11.57 percent stake in Turkish Islamic lender
** Spanish telecoms company Telefonica said it
would not sell its unit in Colombia and was beginning talks with
the Colombian government, also a shareholder, to find ways to
capitalize the business and increase liquidity.
** Italy's Eni will sell an 11.7 percent stake in
Snam, worth around 1.5 billion euros ($1.98 billion) at
market prices, as it makes good on a pledge to exit the gas