June 26 The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
** Private equity firm TPG Capital is involved in
two separate bids for Singapore Telecommunications Ltd's
Australian satellite unit, a business valued at more
than A$2 billion ($1.9 billion), the Australian Financial Review
** South Korea said it would put 14 units of Woori Finance
Holdings up for sale by the end of next year,
stressing that its fourth attempt to privatise the country's
largest financial holding company would be speedy and
** Spanish nationalized lender Bankia SA is
selling its 12.1 percent stake in International Airlines Group
SA , worth $906 million, under pressure to
raise cash through corporate stake disposals.
** Verizon Communications Inc has offered to buy
Canadian telecommunications startup Wind Mobile and is also in
talks with rival startup Mobilicity as it makes proposals that
could create a viable competitor to the three wireless operators
that now dominate the Canadian market.
One source familiar with the matter said Verizon presented a
tentative offer of $600 million to $800 million for Wind Mobile
last week, with final pricing depending on its due diligence.
** Thirteen companies including Abu Dhabi-based Etisalat
and Turkey's Turkcell have expressed
interest in buying Dubai Holding's 35 percent stake in Tunisie
Telecom, a government official said on Wednesday.
** South African furniture retailer Steinhoff International
said on Wednesday it would acquire Austria's
Kika-Leiner Group, as part of its strategy to bulk up across
** E.ON, Germany's largest utility, said on
Wednesday that it would fetch 360 million euros ($471 million)
by selling its 63-percent stake in regional unit Westfalen Weser
to a consortium of municipal shareholders.
** India's Reliance Capital said on Wednesday it
would apply for a licence to enter mainstream banking in the
country, in partnership with Japan's Sumitomo Mitsui Trust Bank
and Nippon Life Insurance of Japan.
** Indonesia-focused coal miner Bumi Plc has
struck a deal with the former head of its Berau subsidiary to
recover $173 million, most of the cash it said last month had
been lost at the unit.
** Seadrill Ltd, one of the world's largest
offshore drillers, is considering taking control of small rig
firm Sevan Drilling ASA, Seadrill said on Wednesday.
The firm said it was exploring the "opportunity to buy up to
50.1 percent in Sevan Drilling", which is worth about $166
million at current prices.
** Commerzbank on Wednesday sought to quell market
speculation about a fire sale of its ship portfolio that hurt
the lender's share, as the downturn in shipping intensifies.
** Israel Corp, one of Israel's biggest holding
firms, plans to spin off some of its less-profitable assets into
a new, listed company in a bid to boost the value of its core
businesses and attract a broader range of investors, it said.
** Finnish utility Fortum said on Wednesday it
was selling its minority stake in Norway's Infratek
for 37 million euros ($48.4 million), the latest in the
company's sales of non-core assets to boost its finances.