(Adds Archer Daniel Midlands, Etisalat, Cemex, Ecom, Generali,
SSAB, Apax; Updates Greene King)
May 23 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Friday:
** Leading global agribusiness group Archer Daniels Midland
Co is among the bidders for German drink and food
flavours maker Wild in a deal valued at 1.5 billion euros ($2.04
billion), sources familiar with the deal said on Friday.
** Australia's Treasury Wine Estates Ltd, the
world's No. 2 wine company, denied it was in talks to be
acquired by China's Bright Food Group Co Ltd, the
latest potential suitor named in a string of media reports that
have sent its share price surging.
Bright Food also denied the report of talks by the
Australian Financial Review, which comes just three days after
Treasury Wine rejected a A$3.1 billion ($2.9 billion) takeover
bid from U.S. private equity firm KKR & Co.
** UniCredit, Italy's biggest bank by assets, is
considering the sale of more of its private equity investments
managed by its German unit HypoVereinsbank (HVB), its chief
executive said on Friday.
A source familiar with the matter said the value of the
transaction would be around 1 billion euros ($1.37 billion).
** Troubled holding company Espirito Santo International
(ESI) - a key shareholder in Portugal's largest listed bank BES
- plans asset sales and a large capital hike at its
subholding Rioforte to repair its finances.
A spokesman for the Espirito Santo Group conglomerate that
owns the Luxembourg-based ESI told Reuters ESI will seek a
capital increase worth an estimated 1 billion euros ($1.37
billion) at Rioforte in the next two or three months.
** Japan's Shinsei Bank Ltd and Carlyle Group
are among suitors who have advanced to a final round of
bidding for Standard Chartered's Hong Kong consumer
finance unit, people familiar with the matter said.
The sale of PrimeCredit, which sources have previously said
could fetch between $500 million and $700 million, is one of a
number of asset sales planned by Standard Chartered.
** Reliance Communications is in talks with
China's Citic Telecom over an undersea cable joint
venture, the Financial Times reported, citing unnamed people
familiar with the talks.
If completed, the move would create a 50-50 joint venture
valuing Reliance Communications' cable assets at $1 billion, the
newspaper reported on Thursday.
** Commodities shipper BW Group and Singapore's
Pavilion Energy have agreed to form a joint venture to manage,
acquire and charter liquefied natural gas (LNG) shipping assets,
the companies said.
** British brewer Greene King said on Friday it had
pulled out of takeover talks with pub operator Orchid Group,
which is expected to fetch about 250 million pounds ($421
** Property developer Sunac China Holdings Ltd
said it would buy a 24.3 percent stake in Greentown China
Holdings Ltd at HK$12 ($1.55) per share.
** HNA Group, parent company of Chinese airline Hainan
Airlines, is in talks with Intesa Sanpaolo
about buying some of the Italian bank's stake in Spanish hotels
group NH Hoteles, it said.
** Etisalat, which this month bought a 53 percent
stake in Maroc Telecom, has scrapped an offer to buy
the remaining shares in the Moroccan firm, the United Arab
Emirates operator said on Friday.
** Mexican cement maker Cemex said on Friday it
expected the planned merger between its rivals Lafarge SA
and Holcim Ltd to be broadly positive for
the industry, and is open to exploring acquisitions that may
result from it.
** The merger of law firms Patton Boggs and Squire Sanders,
which hit a snag on Thursday, was headed for a final vote on
Friday, despite concerns about the role of Patton Boggs in the
long-running dispute between Chevron Corp and a group of
** Apax is to sell its majority stake in foreign
exchange operator Travelex (IPO-TUL.L) to Dr Shetty, the owner
of the UAE Exchange, and Abu Dhabi firm Centurion Investments,
the private equity group said on Friday.
** Swiss agricultural trader Ecom gained European Union
regulatory approval on Friday to buy Britain's Armajaro
Holdings' coffee and cocoa trading arm which will reinforce its
position as one of the world's biggest dealers in these
** Italian insurer Generali is looking to leave
the investment grouping through which it jointly controls
Italy's biggest phone group Telecom Italia as early as
June, its chairman said on Friday.
** European Union antitrust regulators will decide by July 1
whether to clear Swedish steelmaker SSAB's
acquisition of Finnish peer Rautaruukki Corp, the
European Commission said on Friday.
** The Canada Pension Plan Investment Board, one of the
world's biggest dealmakers, said it is hard to find good deals
because most assets are fully priced, but it will be patient and
focus on emerging markets to find deals that offer long-term
($1 = 7.75 Hong Kong Dollars)
($1 = 0.73 Euros)
($1 = 0.59 British Pounds)
(Compiled by Anannya Pramanick and Sampad Patnaik in Bangalore)