Feb 15 The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Friday:
** Abu Dhabi telecom firm Etisalat is talking to
banks about a syndicated loan of up to $8 billion to finance a
bid for Vivendi's 53 percent stake in Maroc Telecom
, banking sources said on Friday.
** A group of Finnish firms has taken on German utility
E.ON's 34 percent stake in nuclear consortium
Fennovoima, in a bid to keep plans for a new reactor in northern
Finland on track. The biggest partner in the project, originally
estimated to cost around 4-6 billion euros ($5-8 billion), will
be stainless steel firm Outokumpu Oyj with a stake of
** Shareholders representing a large majority of Greek
lender Eurobank have accepted an all-share buyout
offer from larger rival National Bank, meaning their
merger will go through, a senior NBG official said on Friday.
** Japanese financial services firm Orix Corp will
buy Dutch asset manager Robeco from its owner Rabobank
for about 240 billion yen ($2.6 billion) in a cash and stock
deal, sources familiar with the matter said.
** PrimeAg Australia Ltd said it will sell 60
percent of its assets for $123 million to $126 million. PrimeAg
said TIAA-CREF Global Agriculture has agreed to acquire some of
PrimeAg's cropping and livestock properties in New South Wales
at a premium to its book value, but at a "slight discount to
** Hong Kong-based Pyrrho Investments launched a
65-million-pound ($101 million) counter-offer for office space
provider MWB Business Exchange on Thursday, a move that
could trigger a bidding war with Britain's Regus Plc.
The investment fund's bid is at a 62.4 percent premium to
the 40 million pounds offer Regus made for the company in
** Indian state-run gas company GAIL, in a tie up
with EDF, has placed a non-binding bid for Repsol's
LNG assets in Trinidad and Tobago, Canada and Peru, the
Indian company's chairman said. The bid value was not disclosed
** Investment bank Gleacher & Co Inc gave up its
search for a buyer or fresh capital and reported its fourth
quarterly loss in a row. Gleacher said it would sell its
mortgage lending unit ClearPoint to Ocwen Financial Corp
for an undisclosed price.
** Stifel Financial Corp bought KBW Inc for
about $575 million in cash and stock.
** KEYreit, a real estate investment trust that
owns small retail properties across Canada, rejected an
unsolicited partial takeover bid from Huntingdon Capital Corp
, saying the proposal was inadequate and coercive.
** France Telecom said it agreed on an option to
sell its 20 percent minority stake in Portugal-based telecom
operator Sonaecom to majority owner Sonae.