July 22 The following bids, mergers,
acquisitions and disposals were reported by 1000 GMT on Monday:
** Minority shareholders of China Resources Power Holdings
Co Ltd rejected a plan to merge with sister company
China Resources Gas Group Ltd, a decision widely
expected by analysts who had questioned the need for a tie-up.
** Spanish infrastructure firm Abertis Infraestructuras SA
said it would sell Belfast International airport and
Stockholm's Skavsta airport to ADC & HAS Airports Worldwide in a
deal worth 284 million euros ($373.2 million).
** Shares in Italian real estate group Risanamento SpA
jumped in early trade after a media report said that
Qatar's sovereign fund might offer to buy some of its assets.
** French carmaker PSA Peugeot Citroen is in
preliminary talks to sell part of its financing arm to Banco
Santander or merge it with the Spanish bank's assets,
the Wall Street Journal reported.
** The board of Israel's Koor Industries Ltd has
approved a change in the holding company's investment policy
that will enable it to sell shares in Swiss bank Credit Suisse
** KKR & Co LP has sealed its first deal in
Indonesia, agreeing to buy a 9.5 percent stake in food company
PT Tiga Pilar Sejahtera Food Tbk, the two companies said in a
joint statement. Terms of the deal were not disclosed.
** Taiwan is planning to allow Chinese firms to buy bigger
stakes in local brokerages, a Taiwanese regulatory source said,
the latest sign of warming trade ties across the Taiwan Strait.
** BBVA, Spain's second-biggest bank, has agreed
to sell its Panama unit to Colombia's largest banking
conglomerate, Grupo Aval, in a deal worth $646 million.
** Germany's bank bailout fund Soffin expects Berlin to sell
its 17 percent stake in the country's second-biggest lender,
Commerzbank, in the coming months, a German magazine
reported on Saturday.
** At least four peers of Europe's biggest bathroom
equipment maker Grohe submitted exploratory offers for
the private-equity owned company by Friday's deadline, two
sources familiar with the deal told Reuters on Saturday.
** General Electric Co won U.S. antitrust approval
for its $4.3 billion bid for Italian plane components maker
Avio's aviation business, the Federal Trade Commission said on
** Real estate investment firm Starwood Capital Group LLC
Chief Executive Barry Sternlicht has made an offer for luxury
department store chain Saks Inc, the New York Post
reported on Friday.
** Philippine conglomerate San Miguel Corp said it
is willing to sell more shares in Manila Electric Co (Meralco)
to the Metro Pacific Investments Corp. A unit
of Metro Pacific last week bought an additional 10 million
Meralco shares worth $62 million from San Miguel.
(Compiled by Varun Aggarwal)