(Adds Athasbasca, America Movil, Barnes & Noble; Updates Etihad
Airways, Post Holdings)
April 17 The following bids, mergers,
acquisitions and disposals were reported by 1600 GMT on
** Standard Chartered's planned sale of its Hong
Kong consumer finance unit has drawn first-round bids from
suitors like Carlyle Group and Bain Capital, lured by the
unit's industry-beating returns, people familiar with the matter
** Troubled UK insurer RSA has sold the bulk of its
eastern European operations to Poland's state-controlled group
PZU for some 360 million euros ($500 million), the
Polish firm's biggest deal and RSA's first to be done under its
financial restructuring plan.
** Chemtura Corp struck a deal to sell its
agrichemicals business to rival Platform Specialty Products Corp
for about $1 billion as it transforms itself into a
pure-play industrial specialty chemical company.
** Athasbasca Oil Corp said on Thursday it has
exercised an option to sell its 40 percent stake in the planned
Dover oil sands project to its partner PetroChina Co
for C$1.32 billion ($1.20 billion) after the project received
final approvals from the government of Alberta.
** The Portuguese government gave the go-ahead on Thursday
for a sale of its remaining 11-percent stake in power grid
operator REN via a share offering open to retail and
** South African financial services group Alexander Forbes
said on Thursday it received expressions of interest
from several different parties interested in acquiring it.
** Nationalized Austrian lender Hypo Alpe Adria
expects to get no more than half a billion euros ($690 million)
for its Balkans network in a deal that could wrap up by year's
end, Chief Executive Alexander Picker said on Thursday.
** An agreement between Carlos Slim's America Movil
and the Austrian government to take joint ownership of
Telekom Austria is likely to be agreed next week
despite a public war of words that broke out on Friday.
** Israeli conglomerate Delek Group said on
Thursday its subsidiary Delek Europe Holdings signed a
memorandum of understanding to sell Delek Europe BV to a foreign
fund for 355 million euros ($490.1 million).
** Barnes & Noble Inc Chairman Leonard Riggio, the
bookseller's founder and largest shareholder, cut his stake in
the company to 20 percent by selling shares worth about $64
** Two prominent proxy advisers have split on whether
shareholders should vote to maintain Augusta Resource Corp's
shareholder rights plan, which could thwart a hostile
takeover bid from larger Canadian base metals miner HudBay
** Cereal maker Post Holdings Inc is close to a
deal to acquire eggs and dairy producer and distributor Michael
Foods Group Inc for $2.5 billion, prevailing over a rival bid
from Tyson Foods Inc, said a person familiar with the
** Etihad Airways has toughened its stance on conditions for
investing in Italy's struggling Alitalia in
continuing negotiations between the airlines, sources close to
the matter said on Thursday.
** India's Piramal Enterprises Ltd said it agreed
to buy a 20 percent stake in unlisted Shriram Capital Ltd for
20.14 billion rupees ($334 million), increasing its foothold in
the financial services sector.
** Morocco's government has sold its remaining 6 percent
stake in lender Banque Centrale Populaire S.A (BCP),
the finance ministry said on Thursday.
** Australian developer Meriton Group is considering a A$3
billion ($2.8 billion) offer from a Chinese developer for half
its apartment business, according to a media report,
highlighting increasing Chinese interest in Australia's housing
** Discovery Communications has dropped out of
bidding to buy Britain's free-to-air Channel 5, according to two
sources familiar with the matter.
($1 = 0.73 Euros)
($1 = 1.07 Australian dollars)
($1 = 1.10 Canadian dollars)
($1 = 60.29 Indian rupees)
(Compiled by Neha Dimri and Shubhankar Chakravorty in