(Adds Irving Oil, Banca Monte dei Paschi di Siena, SoftBank
Corp, Motorola Solutions, Gecamines, Vinci Partners, Peugeot,
NRG Energy. Updates Terna)
Oct 18 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Friday:
** German utility RWE is asking potential buyers
of its oil and gas unit DEA to submit offers by late
December in a deal that could fetch up to 5 billion euros ($6.8
billion), three people familiar with the matter told Reuters.
** Peugeot's talks on a 3 billion euro ($4.11 billion)
French-backed tie-up with Dongfeng are progressing more slowly
than the troubled carmaker had hoped, sources with knowledge of
the matter said after negotiators returned from meetings in
** Power company NRG Energy Inc said it would pay
$2.635 billion to acquire the assets of bankrupt unregulated
power producer Edison Mission Energy, adding nearly 8,000
megawatts of electricity generation capacity to its business.
** German perfume-to-books group Douglas is nearing a deal
to buy French perfume and cosmetics retailer Nocibe,
Les Echos reported, citing sources close to the matter. Both
companies, respectively owned by private equity firms Advent and
Charterhouse, have agreed on an indicative price and
financing, the French business daily wrote, suggesting a
potential valuation for Nocibe of 500-550 million euros
** Warrnambool Cheese and Butter Factory Co Holdings Ltd's
second-largest shareholder launched a A$420 million
($405 million) bid for the Australian dairy company, trumping
two previous offers and fanning speculation it could command an
even higher price.
** German generic drugmaker Stada agreed to
purchase Aqualor-branded products for 131 million euros ($179
million) to boost its presence in the Russian market, the group
** Chinese conglomerate Shanghai Pengxin is poised to buy
its second set of dairy farms in New Zealand, the world's
leading dairy produce export country, as China's firms
increasingly look overseas for sources of milk to meet growing
demand at home. In a statement, the founders of Synlait Farms
Ltd, who control 50.2 percent of the company, said they are
committed to accept an offer from SFL Holdings that values the
business at NZ$85.7 million ($72.9 million). SFL Holdings is
majority owned by a subsidiary of Shanghai Pengxin.
** Bharti Airtel Ltd, India's top
telecommunications carrier, said it bought out Qualcomm Inc's
stake from a fourth-generation (4G) broadband joint
venture in the country, taking full ownership of the business
more than a year earlier than planned.
** Indonesia expects a deal on Monday to buy out the
Japanese shareholders of PT Indonesia Asahan Aluminium (Inalum),
a government minister said, avoiding a legal dispute and paving
the way for the aluminum producer to be nationalized.
** Germany's perfume and cosmetics retailer Douglas is
nearing a deal to buy French peer Nocibe, said a
source with knowledge of the transaction. The deal would make
the German group the second-biggest perfume chain in France
behind LVMH-owned Sephora and ahead of Marionnaud,
which Nocibe currently trails.
** Bonmarche Holdings, the clothing retailer focused on
women over 50, plans to list shares on London's Alternative
Investment Market (AIM), it said, less than two years after it
was bought out of administration by a private equity firm.
** Italian Prime Minister Enrico Letta confirmed plans to
sell a non-controlling stake of national electricity grid
operator Terna, but said the amount to be offered had
not been decided, a statement from his office said.
** Oil and gas company Occidental Petroleum Corp
said it is looking to sell a minority stake in its Middle East
and North Africa operations and will consider options for some
Rocky Mountain assets.
** Irving Oil Ltd is in talks to purchase the Come By Chance
oil refinery in Newfoundland, Canada, according to a local media
report. The refinery is owned by South Korea's state-run Korea
National Oil Corp (KNOC), which earlier this year disclosed that
it was considering selling 'non-core parts' of its loss-making
Canadian energy subsidiary Harvest Operations and reviewing
other overseas assets for potential sales.
** Canada has agreed to waive for European companies a
longstanding requirement that buyers take on a Canadian partner
in uranium mines, a move that may spur greater investment in
developing the country's rich uranium reserves.
** The Italian treasury denied a newspaper report that it
had set an Oct. 29 deadline for the top investor in Banca Monte
dei Paschi di Siena, the Monte dei Paschi foundation,
to find a buyer for its 33.5 percent stake in the bank or be
prepared to sell some of it on the market.
** Japan's telecomms and Internet company SoftBank Corp
said it agreed to pay $1.26 billion for a 57 percent
stake in privately held cellphone distributor Brightstar Corp.
After the deal SoftBank, which owns 80 percent of U.S. mobile
operator Sprint Corp, said Brightstar would become the
exclusive provider of handsets to some SoftBank affiliates.
** Motorola Solutions Inc is exploring the sale of
its underperforming wireless LAN business, which has grappled
with declining share in a market dominated by rivals such as
Cisco Systems Inc, people familiar with the matter
** Congo's government has issued state mining firm Gecamines
a stern warning against a reported proposed sale of Gecamines'
20 percent stake in Kamoto Copper Company (KCC), controlled by
Glencore Xstrata, to Fleurette Group, a company
controlled by Israeli investor Dan Gerter, without its approval.
** Brazilian private equity firm Vinci Partners said it is
not involved in any deal to invest in tycoon Eike Batista's
troubled oil company OGX Petroleo e Gas Participações SA
, according to a securities filing.
($1 = 1.04 Australian dollars)
($1 = 1.18 New Zealand dollars)
($1 = 0.73 euros)
(Compiled by Sampad Patnaik)