(Adds Ciech, Zain, Gannett, Toshiba, Bilfinger, updates Kroton
Educacional, Mondelez, AstraZeneca)
May 7 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Wednesday:
** Japan's SoftBank Corp said it would not sell any
of its shares in Chinese online commerce company Alibaba Group
Holding Ltd IPO-ALIB.N, which is preparing for what could be
the largest market debut by a technology company in history.
** Britain will continue to speak with U.S. drugmaker Pfizer
Inc and British pharmaceutical firm AstraZeneca Plc
about a potential takeover, but any deal is a commercial
decision, Prime Minister David Cameron's spokesman said.
Separately, Finance Minister George Osborne said the
government would support a possible takeover of AstraZeneca by
Pfizer, provided such a deal delivered jobs for Britons.
AstraZeneca, fighting Pfizer's $106 billion bid approach, is
talking to other companies as it seeks a partnering deal for its
experimental Alzheimer's drug.
** French engineering group Alstom SA has more
interest in General Electric Co's rail signaling
activities than its freight train business, Chief Executive
Patrick Kron said on Wednesday.
Toshiba Corp will offer to buy Alstom's power grid
business for "several hundred billion yen" if GE completes its
planned purchase of Alstom's energy business, the Nikkei
** The chief executive of Siemens AG said on
Wednesday that the German conglomerate would take its time to
study the business of French rival Alstom SA before
deciding on a formal offer and not be forced into a bid.
** Czech oil company Unipetrol will analyze whether
to acquire a minority stake in its own Ceska Rafinerska unit
once it receives an offer from Italy's ENI, the current
owner of the stake, Unipetrol's owner said on Wednesday.
** HeidelbergCement could seize opportunities to
snap up assets from rivals Lafarge and Holcim
, which may be forced into disposals to get the
go-ahead from regulators for their planned merger.
** Kroton Educacional SA and Anhanguera
Educacional Participacoes SA, which last year agreed
to merge to form the world's largest for-profit education
company, agreed on Wednesday to change the terms of their deal
to overcome some market and regulatory hurdles.
** Canada's largest natural gas company Encana Corp
said on Wednesday it is buying producing assets in the
Eagle Ford shale field in Texas from Freeport-McMoRan Copper &
Gold for $3.1 billion, nearly doubling its oil output.
** Mondelez International Inc and rival D.E Master
Blenders 1753, who make Kenco and Douwe Egberts brands
respectively, will join up in a deal that creates the world's
biggest pure-play coffee company to take on market leader Nestle
** Kuwait's Zain has upped its stake in its
Bahraini subsidiary to 63 percent after buying a further 6.25
percent for $12.5 million, the telecom firm said, allowing it to
retain majority control after the unit's stock market listing.
** The top investor in Italian white goods maker Indesit
is continuing to assess a possible tie-up, Indesit
Chief Executive Marco Milani said on Wednesday.
** Austrian property group Conwert has decided not
to pursue an offer it got for its German portfolio, the majority
of its business, its chief executive said on Wednesday.
** German builder Hochtief said on Wednesday it
was on track to increase its stake in Australian company
Hochtief is aiming to increase its holding in Australia's
biggest builder to around 74 percent, from the 59 percent it
** Bulgaria's Corporate Commercial Bank received
approval from the central bank on Wednesday to acquire the
Bulgarian division of Credit Agricole.
** French investment group Wendel said it raised
about 1 billion euros ($1.39 billion) from the sale of a 4.3
percent stake in Saint-Gobain, Europe's biggest
supplier of construction materials.
** Spanish oil major Repsol bid farewell on
Wednesday to 15 years of business in Argentina with the $1.3
billion sale of a stake in energy firm YPF, opening a
new era that is likely to focus on acquisitions.
** Hungarian oil and gas group MOL has agreed to
buy Italian oil and gas firm Eni's Czech, Slovak and Romanian
units including 208 filling stations, MOL announced on
** PT Semen Indonesia Tbk, Indonesia's biggest
cement producer, has agreed to buy a minority stake in a cement
maker in Myanmar.
** ITV, Britain's biggest commercial free-to-air
broadcaster, has agreed to buy a controlling stake in U.S.
reality producer Leftfield Entertainment for an initial payment
of $360 million.
** Qatar's struggling property developer Barwa Real Estate
said on Wednesday that it was selling Barwa City
project to the property arm of the country's sovereign wealth
for 7.57 billion riyals ($2.08 billion).
** Ting Hsin International Group, parent of Chinese noodle
maker Tingyi Holding, and Foxconn Technology Group
have launched rival bids for small Taiwanese mobile telecoms
operator Asia Pacific Telecom Co, a source with direct
knowledge of the matter said on Wednesday.
** The Polish unit of ING Groep has
signed a letter of intent to sell its remaining 20 percent stake
in local pension fund ING PTE to ING Continental Europe Holdings
for 242 million zlotys ($80.3 million), giving ING CEH full
control over Poland's largest pension fund.
** Denmark's biggest listed lender Danske Bank
denied a Swedish newspaper report on Tuesday it was planning to
sell its Swedish and Norwegian operations, saying they were core
to the bank's operations.
** The former boss of Australia's Gloucester Coal
has lined up $200 million from a private equity firm to buy
metallurgical coal projects in Australia, New Zealand and
Indonesia, taking advantage of weak valuations in the sector.
** Germany's Siemens said it signed an agreement
to enter a joint venture with Japan's Mitsubishi Heavy
Industries to provide "plants, products and services
for the iron, steel and aluminum industry".
** Britain's Rolls-Royce Plc said it would sell its
energy gas turbine and compressor business to Siemens AG
for 785 million pounds ($1.33 billion).
** Radian Group Inc, the biggest U.S. private
mortgage insurer, said it would buy loan review firm Clayton
Holdings LLC for $305 million to boost its presence in the
** Information technology consulting company Presidio Inc
has tapped Barclays Plc and Credit Suisse Group AG
to explore an initial public offering or a sale that
could value the company at close to $1.5 billion, several people
familiar with the matter said.
** Spain's Telefonica said on Tuesday it had made a
725-million-euro ($1 billion) binding bid for a controlling
stake in the pay-TV business of Prisa, the indebted
local media group that publishes El Pais newspaper.
** Devon Energy Corp said on Tuesday that it
acquired 50,000 acres and some production in the Cana-Woodford
Shale in Oklahoma for $249 million in cash from Cimarex Energy
** Poland's treasury minister said on Wednesday that the
price offered for the state's stake in chemical group Ciech
by Poland's richest man Jan Kulczyk does not reflect
the market's valuation and the company's potential.
** Zain has bought a 6.25 percent stake in its
Bahraini subsidiary from Vodafone for $12.5 million,
upping the Kuwaiti firm's stake to 63 percent which will allow
it to retain majority control after the unit's stock market
** Gannett Co Inc, one of the newspaper owners of
Cars.com, is exploring a bid for all of the auto sales website
and has discussed teaming up with private equity firms in a deal
that could reach $3 billion, people familiar with the matter
** German engineering and services group Bilfinger SE
on Wednesday said it will sell significant portions of
its civil engineering business.
($1 = 0.72 euros)
($1 = 3.64 Qatar riyals)
($1 = 3.01 Polish zlotys)
($1 = 0.59 British pounds)
(Compiled by Avik Das and Ankit Ajmera in Bangalore)