(Adds Nokia, BHP Billiton, Ferrovial, EI Towers, Eni SPA,
Oct 22 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Tuesday:
** Billionaire Warren Buffett's Berkshire Hathaway Inc
has slashed its stake in Britain's Tesco by
300 million pounds ($485 million), weeks after the world's No. 3
retailer posted disappointing half-year results.
** Reckitt Benckiser may sell its pharmaceuticals
unit, which has been suffering from declining sales of its main
heroin addiction drug, to focus on growing consumer health and
household cleaning products businesses. Bank of America Merrill
Lynch has valued the business at about 2 billion pounds ($3.20
** Billionaire investor Daniel Loeb has taken a position in
Nokia, saying the Finnish communications and
technology company is currently inexpensive and is poised to
return a lot of cash to investors.
** Paradise Group, one of South Korea's largest
casino operators, and Japanese gaming company Sega Sammy
plan to invest $1.7 billion to build a luxury resort to
tap a surge in Chinese gamblers flocking to the country.
** BHP Billiton Plc plans to sell roughly half its
oil and gas acreage in the Permian Basin in Texas and New
Mexico, an area revived by the shale boom, to focus on its most
lucrative assets there.
** Newfield Exploration Co said it would sell its
interests in Malaysia for $898 million as part of its plan to
concentrate on its assets in the United States.
** The owners of broadcasting masts operator TDF SAS
are reviewing two bids for the group's French unit
that fell short of their 4 billion euros ($5.5 billion)
expectations, said several sources involved with the process.
** Brazilian state-run energy company Petrobras joined
forces with European oil majors and Chinese rivals on Monday to
buy the country's biggest-ever oil field with a lone bid at the
minimum price, a worse-than-expected outcome for a sale designed
to launch Brazil as a petroleum power. The consortium will be
led by Petroleo Brasileiro SA, as Petrobras is
formally known, and include France's Total SA and
Anglo-Dutch Royal Dutch Shell Plc.
** A Massachusetts judge has temporarily blocked the sale of
The Boston Globe and Telegram & Gazette to Boston Red Sox owner
John Henry because it could complicate a pending class action
lawsuit, according to court documents.
The New York Times Co had been due to seal the
reported $70 million deal for the papers and related businesses
with Henry on Friday, nearly three months after it was first
** Spain's Ferrovial SA has sold part of its stake
in Heathrow Airport Holdings (HAH) to a British pensions group
as part of a 392 million pound ($636 million) deal.
** U.S. software billionaire Bill Gates has bought 6 percent
of Spanish construction company FCC for 113.5 million
euros ($155 million), the company said in a statement on Monday.
** Serbia's finance ministry said on Tuesday it plans to
transfer assets of Privredna Banka Beograd to
state-owned Postanska Stedionica, the second such takeover this
** Canada's Methanex Corp agreed to sell a 10
percent stake in Egyptian methanol producer EMethanex to one of
its joint venture partners Arab Petroleum Investments Corp
(APICORP) for $110 million, APICORP said.
** Austrian insurance group Uniqa has agreed to
buy insurance companies in Croatia and Serbia from Switzerland's
Baloise for 75 million euros ($103 million), it said.
The acquisition of the Basler companies will boost Uniqa's
market position, particularly in Croatia, the company said.
** Italy's Eni SPA is talking with German utility
EnBW over the future of their gas grid joint venture
in Germany, the company said, as speculation rises the oil and
gas group could sell its stake.
** Poland's No. 1 telecoms group TPSA received
three offers in the tender for its Web arm and Poland's No. 2
Internet portal Wp.pl, TPSA's chief financial officer said. The
market values the portal at around 300 million zlotys ($98.3
** Private equity firm Actis said it invested $48 million in
Indian pharmaceuticals company Symbiotec Pharmalab Ltd for a
** EI Towers SPA investor Alessandro Falciai
launched a sale of a 7.53 percent stake in the Italian
broadcasting tower operator through holding company Millennium
Partecipazioni, Millenium said in a statement on Tuesday.
** Activist hedge fund Jana Partners LLC has taken a 7.5
percent stake in oil producer QEP Resources Inc,
according to regulatory paperwork filed on Monday. Jana, which
is now QEP's largest shareholder, first invested in the
Denver-based company last year.
** New Zealand telecommunications company Telecom Corp Ltd
confirmed it was looking at the sale of its Australian
** Russian tycoon Vladimir Evtushenkov, the owner of Russian
oil-to-telecoms conglomerate Sistema , is
interested in a stake in Russia's Uralkali, the
world's largest potash miner by output, he told reporters.
** India's Tata Power Co may sell some investments
and raise equity to help reduce debt, a top executive said, as
expensive imported coal, below-cost power tariffs and a weak
rupee weigh on the company's earnings.
($1 = 0.73 euros)
($1 = 0.62 British pounds)
($1 = 3.05 Polish zlotys)
(Compiled by Natalie Grover and Avik Das in Bangalore)