(Adds Grupo Bimbo, Loral Space, Vapores, Unilever, Marriott,
Jan 22 The following bids, mergers, acquisitions
and disposals were reported by 1430 GMT on Wednesday:
** Swedish steelmaker SSAB AB has agreed to buy
Finnish rival Rautaruukki Corp in an all-share deal
worth 10.1 billion Swedish crowns ($1.6 billion) as weak demand
forces Europe's smaller players to cut costs and deal with
** Cloud software maker VMWare Inc said it would buy
privately held mobile security company AirWatch in a deal valued
at about $1.54 billion to tap into rising demand for software
security, sending its shares up 3 percent in premarket trading.
** Itau Unibanco Holding SA, Brazil's most
profitable lender, is offering its high-risk corporate insurance
unit to at least 10 global industry giants, Valor Economico
The unit, which specializes in offering insurance coverage
for giant corporate projects in high-risk segments such as oil
and gas and infrastructure, has revenue of about 1.7 billion
reais ($723 million) annually and its clients include
state-owned oil company Petroleo Brasileiro SA, Valor
** Grupo Bimbo, one of the world's largest bread
makers, has emerged as the leading candidate to acquire Canada
Bread Co Ltd from majority owner Maple Leaf Foods Inc
, according to people familiar with the matter.
** Loral Space & Communications Inc, which holds a
majority stake in Canadian satellite communication services
company Telesat Holdings Inc, is exploring a sale, according to
several people familiar with the matter.
** Chilean shipper Vapores said it signed a
non-binding memorandum of understanding to take a 30 percent
stake in Germany's Hapag-Lloyd.
** Consumer goods group Unilever is
considering whether to sell its Slim-Fast business, Sky News
reported on Wednesday, after months of speculation sparked by a
similar move from rival Nestle.
** New York-listed hotel chain Marriott International
is buying a South African hotel chain for 2 billion rand
($183.86 million) in a deal that will make it the largest hotel
operator in the Middle East and Africa.
** Quest Diagnostics Inc, a provider of laboratory
test services, said it would buy Solstas Lab Partners Group for
about $570 million to expand into the U.S. Southeast.
** Morgan Stanley Commodities has signed a deal to
buy gas and electricity in the wholesale market for Britain's
Spark Energy, improving the small retail firm's ability to
compete with big utilities, the companies said.
** Singapore's DBS Group Holdings Ltd is in
advanced talks to buy Societe Generale's Asian private
bank, a deal that would help boost its private banking assets by
almost a third, sources familiar with the matter said.
It was unclear how much Southeast Asia's biggest lender
would be willing to pay for the bank, but previous estimates
from financial sources have valued it at between $300 million
and $400 million.
** Credit Agricole SA said it had agreed to sell
its Bulgarian division to Bulgarian bank Corporate Commercial
Bank AD for an undisclosed sum.
** A 23.5 percent stake in Russian truckmaker Kamaz OAO
may be sold to Russian buyers rather than its partner
Daimler AG, because the German carmaker is not
offering a high enough price, Kommersant newspaper reported.
** The investment arm of Morocco's royal family, SNI, sold a
24.5 pct stake in Cosumar S.A., its sole sugar
supplier, to a group of local institutional investors, traders
said, as it moves to divest some of its extensive holdings.
** Canada's Saputo Inc said it has secured majority
control of Australia's Warrnambool Cheese and Butter Factory Co
Holdings Ltd, putting pressure on rival bidder Murray
Goulburn Co-operative Co to concede defeat. Saputo said it had
increased its shareholding in Australia's oldest dairy maker to
** The foundation that controls Italian bank Monte dei
Paschi di Siena has received no offer for its 33.5
stake in the lender from other Italian banking foundations, its
head told Italian newspaper La Stampa.
** A top executive at Banca Popolare di Vicenza said the
Italian bank was considering a possible investment in smaller
rival Banca Etruria, which is looking for a partner
following recommendations from the Bank of Italy.
** Filipino tycoon Lucio Tan's holding firm LT Group Inc
has increased its stake in Philippine National Bank
to 59.88 percent from 48.61 percent by subscribing to
an ongoing stock rights offering, Malaya Business Insight
reported on Tuesday.
** The group of Filipino businessman Roberto Ongpin has
increased its interest in Alphaland Corp to a
majority stake following a capital call, thereby diluting the
stake of British fund Ashmore, previously the single largest
shareholder of the Philippine property firm, the Philippine Star
** BlackBerry Ltd said on Tuesday that it
intends to divest the majority of its real estate holdings in
Canada as it seeks to bolster its balance sheet and turn around
($1 = 6.4952 Swedish crowns)
($1 = 2.35 Brazilian reais)
($1 = 10.8777 South African rand)
(Compiled by Shivani Mody and Avik Das in Bangalore)