Dec 10 The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Tuesday:
** Hedge fund Elliott International is pushing U.S. drugs
wholesale group McKesson to hike its $8.3 billion offer
for German peer Celesio, a source close to the
** Norway's richest man has handed a chunk of his personal
wealth, including his listed real estate holding company, to a
charitable foundation, marking his exit from a self-built
Olav Thon, whose wealth is estimated at 27 billion crowns
($4.39 billion) by Kapital magazine, handed his 71.9 percent
stake in Olav Thon Eiendomsselskap ASA to his newly
created foundation, starting off the new entity with about $1.3
billion, based on the firm's market capitalisation.
** Turkey is expected to increase its 20 percent stake in
the multi-billion dollar Trans-Anatolian natural gas pipeline
project, designed to reduce Europe's reliance on Russian gas,
Azeri state energy company SOCAR said.
** Indian conglomerate Reliance Industries, set to
launch 4G services in the highly competitive Indian telecoms
market, has signed a deal with the country's largest telecoms
operator Bharti Airtel to share telecom
** Lloyds Bank boosted its capital by 685 million
pounds ($1.1 billion) via the sale of its remaining stake in
wealth manager St James's Place, raising hopes it can
soon pay dividends again for the first time since its 2008
** Volvo, the world's No. 2 truck maker, said it
had agreed to sell its machine rental business in North America
to U.S. private equity firm Platinum Equity for about 7.2
billion Swedish crowns ($1.1 billion).
** Belgian postal group BPost said that its
private equity backers, which still owned a 19.7 percent stake
in the group after it was floated in June, would sell their
shares in an accelerated bookbuild.
Post Invest Europe Sarl, a consortium led by private equity
group CVC Capital Partners Ltd, will sell some 39.3
million shares in the group, BPost said. The stake is worth
about 600 million euros ($826.3 million) based on Tuesday's
** Canadian oil producer Talisman Energy Inc
said it had sold its stake in the Ocensa oil pipeline in
Colombia to an investment group led by Advent International for
about $595 million, bringing total asset sales this year to $2.2
** Pharmacy chain CVS Caremark Corp and
pharmaceutical distributor Cardinal Health Inc announced
a 10-year agreement to form the largest generic drug sourcing
operation in the United States. Cardinal will pay CVS $25
million on a quarterly basis for the duration of the contract,
with an estimated after-tax value to CVS of $435 million.
** Santander, Spain's largest bank, is to buy
HSBC's 8 percent stake in Bank of Shanghai, just as
many international rivals are beginning to sell out of China.
Santander said the Bank of Shanghai deal also included a
cooperation agreement, taking the value of its investment to 470
** Malaysia's BIMB Holdings Bhd will issue a 1.7
billion ringgit ($525.75 million) Islamic bond to help raise the
$884 million it needs to buy the remainder of Bank Islam, the
country's oldest and largest standalone Islamic bank.
** Monsanto Co, the world's largest seed company,
said that a deal with Danish company Novozymes to form a
long-term research and development alliance should accelerate
the release of microbial-based products designed to improve crop
Monsanto will make an upfront payment of $300 million and
establish the "BioAg Alliance," which joins Novozymes' microbial
discovery work with Monsanto's commercial capabilities, the
** Britain's Oxford Instruments has agreed to buy
Andor Technology for 176 million pounds after its
raised bid was accepted by the board.
** An investor group led by Macquarie Group bought
the Severn gas-fired power station in Britain from Danish
utility DONG Energy, adding to a trend as investors snap up
power plant assets in Europe.
** The board of Telecom Italia is not considering
any plan to break up the company's Brazilian wireless unit TIM
Participacoes, CEO Marco Patuano said.
** Fifth & Pacific Cos Inc said it would sell its
Lucky Brand Jeans business to private equity firm Leonard Green
& Partners LP for $225 million as it focuses on its
fast-growing, higher-end kate spade brand.
** Cellcom, Israel's largest mobile phone operator,
said it agreed to share the expense of setting up a new
fourth-generation (4G) network with two rivals.
Pending regulatory and anti-trust approval, Cellcom will
construct and operate a shared 4G radio network with Pelephone
and Golan Telecom.
** German property company Deutsche Annington is
close to an agreement to buy Vitus Immobilien, a German
residential landlord partly owned by Blackstone Group,
** Croatia hopes to resume talks with Hungary's energy group
MOL over the management of Croatian counterpart INA
within 10 days, Croatia's Economy Minister Ivan
Vrdoljak told reporters.
** Poland's second-biggest power producer Tauron
will buy 47.5 percent of Poludniowy Koncern Weglowy for 310
million zlotys ($102 million) to take full control of the local
coal miner, Tauron said.
** Franklin Templeton, the manager of Romanian restitution
fund Fondul Proprietatea, said it aimed to sell about 10
percent of state-owned gas grid operator Transgaz in
a private placement aimed largely at international investors.
The 10 percent stake would be worth about $65.7 million based on
Tuesday's closing share price.
** Gold-miner Centamin said it agreed to buy West
African-focused Ampella Mining for A$40.9 million
($37.2 million) in a move that would give it exposure to
projects outside Egypt, where its operating license is in
** Brazilian homebuilder Gafisa SA said on Monday
that it had concluded the sale of 70 percent of its Alphaville
unit. The company also announced a buyback of up to 7.6 percent
of its stock.
** Commodity trader Trafigura said it had no plans to sell
its warehouse operations, responding to speculation it wanted to
spin off the business after the London Metal Exchange (LME)
tightened rules to reduce backlogs in the sector.
** Fininvest, the holding company of former Italian prime
minister Silvio Berlusconi, said it had started to sell 5.61
percent in asset manager Mediolanum.
** Kolar Gold Ltd, which aims to develop the
historic Indian gold fields after which it is named, is
considering a complex deal that could give it a slice of an
enlarged Mumbai-listed exploration and development company.
** Czech utility CEZ has offered to buy German
group E.ON's stake in a gas company it owns with the
City of Prague, it said.