Dec 14 The following bids, mergers, acquisitions
and disposals were reported by 1030 GMT on Friday:
** Brazil set more attractive and less risky terms on
Thursday to attract international bids to operate a high-speed
train between its two biggest cities after an attempt last year
found no takers.
The winner must invest 7.7 billion reais ($3.7 billion),
offer economy class tickets of no more than 200 reais ($100) and
guarantee that trains cover the 260 miles (420 km) between Rio
and Sao Paulo in no more than 99 minutes.
** Italian carmaker Fiat is in talks with four
banks about a capital increase to buy out the remaining 41.5
percent of Chrysler, a person familiar with the plan said.
** The value of telecom airwaves to be put on auction in
India this fiscal year ending March will be worth about 200
billion rupees ($3.67 billion) at the current reserve price, R.
Chandrashekhar, telecoms department secretary, said on Friday.
** Australand Property Group on Friday rejected an
unsolicited offer from larger rival GPT Group to buy
its most valuable assets, including the $2.4 billion investment
property portfolio, saying it did not provide a sufficient
** Several independent board members of KB Financial Group
Inc are pressing the company to cut its $2.05
billion offer for ING Groep's South Korean insurance business,
sources said, raising doubts the deal will be completed.
** Dutch chemicals group AkzoNobel is selling its
struggling North American decorative paints arm to U.S. rival
PPG Industries for $1.1 billion to focus on its larger
European and faster-growing businesses.
** Telekom Austria could walk away from its
takeover of budget mobile brand Yesss, the country's telecoms
regulator confirmed on Friday, in a move that could jeopardise a
wider consolidation of the industry.
** KKR & Co LP has jumped into the auction for the
fibre-optics business being sold by Australian contractor
Leighton Holdings, a source familiar with the process
told Reuters, eyeing a business that analysts say could fetch as
much as A$870 million ($918 million).
** PT Axis Telekom Indonesia, controlled by Saudi Telecom Co
, is planning to sell 1,600 telecommunication towers
worth around $300 million, three sources with direct knowledge
of the matter said Friday.
** Russian freight operator Globaltrans Investment
has won the right to buy MMK-Trans, a subsidiary of Magnitogorsk
Iron & Steel Works (MMK), the Kommersant daily said on
Friday, citing several sources.
** KT Corp said on Friday it was considering
buying a stake in a Moroccan telecommunications firm after
Reuters reported earlier that the South Korean firm is
interested in bidding for Vivendi's 53 percent stake in Maroc
** IAG, which will focus on its domestic market and
expanding in Asia, is selling Equity Red Star for 87 million
pounds ($140 million) to private equity firm Aquiline Partners,
** Polish group Arctic Paper has extended the
deadline of its bid for Swedish pulp supplier Rottneros
by three weeks after failing to attract enough
Arctic sought to buy more than 90 percent of Rottneros with
an offer that valued it at 351 million Swedish crowns ($53
** German healthcare group Fresenius will exit its
loss-making biotech business in order to focus on its other
businesses, which it said offer better growth opportunities.
Fresenius said on Friday it was in talks with several
parties over a sale of Fresenius Biotech, which had sales of 26
million euros ($34 million) in the first nine months of 2012 but
posted a loss of 15 million euros.
** A1, an investment unit of Alfa Group, plans to buy 28.6
percent stake in Regal Petroleum, a company with
operations in Ukraine, Interfax news agency reported on Friday,
citing a memorandum of understanding.
* Mexico's Coca-Cola FEMSA SAB de CV, the world's
largest coke bottler, will buy a 51 percent stake in Coca-Cola
Co's Philippine bottling operations for $688.5 million in
cash to expand its presence in the Philippines.
($1 = 0.9481 Australian dollars)
($1 = 0.7641 euros)
($1 = 54.4350 Indian rupees)
($1 = 6.6701 Swedish crowns = 3.1287 zlotys)
(Compiled by Mridhula Raghavan in Bangalore)