Aug 30 The following bids, mergers, acquisitions
and disposals were reported by 2015 GMT on Thursday:
** DuPont Co struck a deal to sell its slow-growing
car paint business to investment firm Carlyle Group LP
for $4.9 billion cash as it seeks to focus on higher-growth
areas such as agriculture and nutrition.
** Canada's No. 3 lender Bank of Nova Scotia agreed
to buy ING Groep's Canadian online bank for C$3.1
billion ($3.14 billion), taking advantage of a rare opportunity
to grab market share in the country's crowded retail banking
** Reinsurer Validus Holdings Ltd said it will buy
Flagstone Reinsurance Holdings for about $600 million in
cash and stock to boost its property reinsurance business.
** China's Shandong Heavy Industries may announce a deal to
buy a 25 percent stake in Germany's Kion Group for
between 700 million euros ($876.9 million) and 750 million euros
as soon as Monday, two sources familiar with the matter said.
** French bank Societe Generale said on Wednesday
it was in talks to sell its controlling stake in Egyptian unit
National Societe Generale Bank to Qatar National Bank
, as Europe's lenders retrench from expansion abroad.
** China Baoxin Auto Group Ltd has agreed to buy
NCGA Holdings Ltd, a high-end car dealership based in Beijing
and backed by global asset manager Apollo Group, for $305
million, Baoxin said in a statement on Thursday.
** Investment bank Gleacher & Co Inc said it was
exploring strategic alternatives, including raising more capital
or even a possible sale of the 12-year-old company founded by
merger and acquisition veteran Eric Gleacher.
** Debt-mired JJB Sports Plc put itself up for sale
on Thursday and warned investors their shares may be worthless,
placing the sports goods retailer at risk of becoming another
big-name British retail casualty.
** Germany's Metro AG is in talks to sell its Real
supermarket stores outside its home market, two sources familiar
with the matter told Reuters on Thursday, joining the ranks of
retailers looking to slim down amid subdued consumer
** The Croatian government cancelled on Thursday a tender
seeking advisers for the sale of Hrvatska Postanska Banka (HPB),
the last major banking asset still in state hands, after
rejecting the sole bid it received.
** Private equity firm Guggenheim Partners is close to
buying "Golden Globe" producer Dick Clark Productions after
"American Idol" host Ryan Seacrest and his backers withdrew from
talks, the Hollywood Reporter newspaper said.
** Russian state railway monopoly Russian Railways has
considered bidding for French carmaker Peugeot's
logistics division GEFCO, according to materials produced for a
Russian Railways' board meeting seen by Reuters on Thursday.