(Adds America Movil, General Electric, Helios. Updates Ziggo)
Oct 16 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Wednesday:
** Japanese tech and telecoms group SoftBank Corp
is paying 150 billion yen ($1.53 billion) for a 51 percent stake
in Finnish mobile game maker Supercell, valuing the small maker
of hit games "Clash of Clans" and "Hay Day" at $3 billion.
SoftBank is also in talks to buy a stake in U.S. wireless
device distributor Brightstar Corp that media reported could be
worth more than $1 billion and boost its bargaining power with
** Advance Auto Parts Inc, which sells products
such as batteries, air fresheners and engine parts, will buy
General Parts International Inc for just over $2 billion,
creating the largest North American retailer of auto parts, as
strong new car sales hit demand for repair and
** General Electric's flotation of its GE Money Bank
is expected to value the Swiss consumer finance business at up
to 1.53 billion Swiss francs ($1.67 billion), in a further step
in the U.S. firm's retreat from the finance sector.
GE Money Bank expects to raise up to 1.05 billion Swiss
francs from the share sale, in what will be Switzerland's first
flotation in a year. GE Capital, a subsidiary of General
Electric, plans to sell up to 18 million shares, or 60 percent
of Zurich-based Money Bank.
** Engineering company IMI Plc said it would sell
its beverage dispense and merchandising businesses for 690
million pounds ($1.10 billion) to the Berkshire Hathaway-owned
Marmon Group, in a bid to focus on the lucrative
industrial end-markets of its core fluid power and severe
** Swiss Re has agreed to invest as much as $425
million in Hong Kong business man Richard Li's insurance
venture, FWD Group, the Swiss reinsurer said in a statement.
** Bellatrix Exploration Ltd, a small Canadian oil
and gas explorer, said on Tuesday it agreed to buy rival Angle
Energy Inc for cash and shares worth C$315 million
($304 million) and formed a joint venture with a South Korean
private equity firm to develop oil properties in Alberta.
** Rosneft could be interested in Belarus' state
stake in Mozyr oil refinery, a profitable duty-free destination
for the Russian companies, Interfax news agency quoted Rosneft's
head Igor Sechin.
** Dutch cable firm Ziggo said it received a
takeover offer from U.S. cable group Liberty Global,
but that it considered the offer inadequate. It did not disclose
how much Liberty Global, controlled by U.S. tycoon John Malone,
had offered to pay for the rest of the company. Liberty already
holds 28.5 percent of Ziggo.
** Numericable founder Patrick Drahi confirmed his
investment company, Altice, would raise its stake in the French
cable operator to around 30 percent through its planned initial
public offering. Numericable, which offers packages of pay-TV,
Internet and fixed-line calls, plans to list 20 to 40 percent of
its capital in an IPO that could value the company at around 5
billion euros ($6.75 billion).
** Czech investment group PPF is in talks with Telefonica
on the possibility of buying the Spanish telecoms
firm's Czech operations, it said.
** Slovenia has sold a majority stake in industrial coatings
producer Helios to Austrian rival Ring International
Holding, sources close to the government and the
buyer said. According to earlier local media reports, Ring will
pay 145 million euros ($196 million) or 520 euros ($700)per
share for 73 percent of Helios
** America Movil, the phone company controlled by
billionaire Carlos Slim, said it would not go ahead with a plan
to boost its stake in KPN after the Dutch telecom's foundation
blocked the Mexican company's bid. America Movil had accumulated
nearly 30 percent of KPN's stock and said it planned to invest
heavily in KPN if it was able to control the company.
($1 = 1.04 Canadian dollars)
($1 = 98.6 Japanese yen)
($1 = 0.63 British pounds)
($1 = 0.74 euros)
($1 = 0.9160 Swiss francs)
(Compiled by Sampad Patnaik)