(Adds Borse Dubai, Vimpelcom, Aviva, Latin American venture
Sept 4 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Thursday:
** Manulife Financial Corp and Britain's Standard
Life PLC have agreed a near-$4 billion deal for the
Canadian operations of the British insurer as part of a broader
** Fiat SpA said most of its shareholders had
chosen not to exercise an option that could have derailed a
merger with U.S. affiliate Chrysler, a tie-up that is a vital
step in the Italian carmaker's turnaround efforts.
** South Africa's MTN Group Ltd has agreed to form
a joint venture with specialist tower company HIS that will own
and operate MTN's 9,151 transmitter towers in Nigeria, HIS said
on Thursday. HIS did not reveal the deal's value, but a source
familiar with the matter told Reuters it was worth around $1.8
** Canada's WSP Global Inc said it would buy
Balfour Beatty Plc's U.S. professional services
division, Parsons Brinckerhoff, for an enterprise value of about
$1.24 billion, to increase its footprint in the U.S.
** Italian food group Parmalat SpA will buy 11
dairy division plants owned by Brazil's BRF SA in a
deal valued at 610 million euros ($801.9 million), the company
said on Thursday.
** Online travel giant Expedia Inc's takeover of
Australian rival Wotif.com Holdings Ltd hit a snag on
Thursday when a regulator raised concerns about competition and
deferred its ruling on whether to approve the deal. The
Australian Competition and Consumer Commission said the takeover
could "remove a significant competitive constraint," as it put
off a decision on whether to approve the A$699 million ($653.8
million) takeover proposal for another month.
** Wind, the Italian subsidiary of Russian telecoms group
Vimpelcom, is moving ahead with the sale and leaseback
of 11,000 mobile phone masts in a long-expected deal that could
be worth at least 500 million euros ($650 million), several
sources familiar with the situation said.
** Austrian property company Immofinanz AG paved
the way on Thursday to trim its stake in spun-off Buwog AG
by offering bonds worth 375 million euros ($493
million), which it can repay either in cash or in Buwog shares.
** Mattress Firm Holding Corp said it would buy
privately held bedding retailer The Sleep Train Inc for $425
million, its sixth and largest acquisition announced in the past
year, to expand its presence on the West Coast.
** The investment firm for Switzerland's wealthy Jacobs
family said on Thursday it had sold its remaining stake in
Adecco SA, sending shares in the world's largest
employment agency lower.
Thomson Reuters trading data showed the shares were sold for
69 Swiss francs each, for a total of about 231.8 million Swiss
francs ($252.6 million).
** Suncor Energy Inc, Canada's largest oil sands
producer, said on Wednesday that it had agreed to sell some oil
and gas properties in Alberta to Tamarack Valley Energy Ltd
for C$168.5 million ($154.8 million) as it continues to
winnow its inventory of conventional oil and gas properties.
** Spain's Telefonica SA has the right to sell back
its 11 percent stake in Mediaset SpA's pay TV unit
Mediaset Premium if the Italian media group finds another
partner for the business, two sources familiar with the
situation told Reuters.
Telefonica bought the stake in July for 100 million
** Sanlam Ltd, South Africa's largest insurer by
market value, plans to spend up to 550 million rand ($52
million) to increase its stake in the insurance arm of India's
Shriram Group to 49 percent by the end of the year, its chief
executive said on Thursday.
** German venture capital group Rocket Internet, which is
mulling an imminent stock market floatation, announced on
Thursday that it would team up with Swedish investor Investment
Kinnevik AB to create a fashion e-commerce group
focused on emerging markets.
** Indonesian flag carrier PT Garuda Indonesia Tbk
has delayed a plan to sell part of its stake in its low-cost
unit Citilink due to low valuations by potential investors, the
Jakarta Post reported on Thursday.
** Roche Holding AG has ruled out major
"double-digit billion" purchases but is open to smaller deals,
the Swiss drugmaker's chairman told a German newspaper in an
interview published on Thursday.
** Kuwait Projects Co Holding KSCC said on
Thursday it received approval from the country's central bank to
increase its stake in Burgan Bank SAK by 5 percent.
** Chinese investment fund Harvest Fund Management Co Ltd
plans to raise 10 billion yuan ($1.63 billion) to
buy a stake in the retail arm of oil giant Sinopec Corp
, the state-owned China Securities Journal
reported on Thursday, citing unnamed sources.
** Latvia's government will submit a non-binding offer to
buy a 47.2 percent stake in gas utility Latvijas Gaze AS
from Germany's E.ON SE, a spokeswoman said
** Qatar National Bank, the Gulf's largest bank,
said on Thursday it was acquiring a 12.5 percent stake in
pan-African lender Ecobank Transnational Incorporated.
No value for the transaction was given in QNB's
** German utility RWE AG has agreed to sell an 85
percent stake in three offshore wind parks to Canadian power
producer Northland Power Inc, it said on Thursday,
highlighting growing investor demand for European wind assets.
No purchase price was disclosed.
** Thai Union Frozen Products PCL, the world's
largest producer of canned tuna, said on Thursday its MW Brands
subsidiary has signed a deal to buy 100 percent of French smoked
salmon supplier MerAlliance for an undisclosed amount.
** The European Commission has approved the acquisition of
parts of Morgan Stanley's Global Oil Merchanting Unit by OJSC
Oil Company Rosneft of Russia, the Commission said on Thursday.
** Serco Group PLC said on Thursday that it had been
selected as preferred bidder to continue running Australia's
onshore immigration detention services, some rare good news for
the British outsourcer after a disastrous year.
** Swiss sports marketing company Infront Sports & Media AG
has been approached by a number of potential new investors as it
seeks to fund further expansion, its chief executive said in an
letter obtained by Reuters.
** Swedish investment bank Carnegie is in merger talks with
smaller Norwegian competitor Arctic Securities, Norwegian
financial daily Finansavisen reported on Thursday.
** British insurer Aviva PLC and Turkish conglomerate
Sabanci Holding will float up to 20 percent of their
Turkish joint-venture pension unit Avivasa, the companies said.
** Private equity and venture capital firms in Latin America
could raise $8 billion from investors this year, the most since
2011, a regional industry group said on Thursday, which may
propel fresh buyouts in infrastructure, logistics and other
** Borse Dubai has launched an accelerated sale of 8.5
million shares in the London Stock Exchange,
representing around 3.1 percent of the company's issued capital,
two sources familiar with the matter said. The latest price
guidance on the shares is 20.20 pounds ($33) each, one of the
sources said, valuing the stake at 171.7 million
($1 = 0.9177 Swiss franc)
($1 = 1.09 Canadian dollar)
($1 = 0.76 euro)
($1 = 10.68 South African rand)
($1 = 0.6117 British pound)
(Compiled by Manya Venkatesh and Sneha Banerjee in Bangalore)