(Adds Printemps, Tesco, Goldman Sachs, GlaxoSmithKline and
Aug 8 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Thursday:
** About seven bidders are lining up for Telediffusion de
France's (TDF) domestic business and lenders are preparing debt
packages of more than 2 billion euros ($2.7 billion) for a deal
worth about 4 billion euros, people familiar with the matter
said on Wednesday.
Interested parties include U.S. mobile tower operators
American Tower Corp and Crown Castle International
, Canadian pension funds CPP and PSP Investments,
infrastructure funds Antin of France, Australia's AMP Capital
and Macquarie, three sources said.
** TPG Capital LP has been exploring a sale of Aptalis
Pharma, a specialty drugmaker it has owned since 2008 and values
at more than $3 billion, four people familiar with the matter
said on Wednesday.
** A Paris court on Thursday rejected demands by the works
council at Printemps to suspend the sale process of the retail
chain to Qatari investors for 1.75 billion euros ($2.33
Printemps unions had complained they were not sufficiently
consulted and informed about the transaction or its terms, as
the law requires, and had called for the deal to be halted.
** Britain's Tesco Plc, the world's number three
retailer, is set to announce on Friday an agreement to merge its
operations in China with a division of state-controlled retailer
China Resources Enterprise (CRE), Sky News reported on
Thursday citing people close to the talks.
** Latvia said on Thursday it was considering a merger of
its local fixed-line and mobile telecom operators following a
media report that said the government might be preparing for a
sale of its remaining stakes in the two companies.
Latvia owns 51 percent of fixed line network operator
Lattelecom with Nordic telecoms group TeliaSonera
holding the remaining 49 percent. Lattelecom in turn has a 23
percent stake in mobile operator Latvijas Mobilais Telefons
(LMT). TeliaSonera controls 60.3 percent of LMT through direct
and indirect ownership with the state controlling the rest.
** Megafon , Russia's second-biggest
mobile phone operator by subscribers, is buying next-generation
service provider Scartel for $1.2 billion to extend its lead in
the race to provide high-speed internet.
** Hong Kong's Chong Hing Bank Ltd has received a
takeover approach from a company controlled by a Chinese city
government, said a person familiar with the matter.
Chong Hing has a market value of about $1.5 billion and is
part-owned by Japan's top lender Mitsubishi UFJ Financial Group
** Goldman Sachs Group Inc plans to sell a majority
stake in its European insurance business over the next year,
according to a regulatory filing on Thursday.
The UK-based life insurer, Rothesay Life, was established in
2007 and is run by Goldman partner Addy Loudiadis, according to
** GlaxoSmithKline raised its bet on using
electrical signals in the body to target diseases on Thursday
with the launch of a $50 million strategic venture capital fund.
Britain's biggest drugmaker hopes to have the first medicine
that effectively speaks the electrical "language" of the body
ready for approval by the end of this decade.
GSK said the new fund's first investment would be a $5
million stake in SetPoint Medical, a California company working
on implantable devices to treat inflammatory diseases.
** ConocoPhillips is selling its stake in a Canadian
oil sands project to Exxon Mobil Corp and Imperial Oil
Ltd for about $720 million as it focuses on its U.S.
shale oil and natural gas operations.
** State-backed Royal Bank of Scotland is unlikely
to decide how it plans to sell more than 300 UK branches until
the end of next month after extending a deadline for prospective
bidders, industry sources said.
** Singapore Telecommunications has received at
least two offers for its Australian satellite business in the
final round of the bidding process, including one from
U.S.-listed Intelsat SA, sources familiar with the matter
** Poland's biggest lender PKO BP has entered
exclusive talks with private equity group Enterprise Investors
to purchase of Skarbiec Asset Management Holding, four sources
** Global miner Rio Tinto signaled it has
scrapped efforts to sell its loss-making Pacific Aluminium
Rio put Pacific Aluminium - which houses five aluminum
smelters, a bauxite mine and alumina refinery in Australia and
New Zealand - on the block in 2011, but has failed to find a
buyer and decided not to pursue a spin-off to shareholders.
The company, which is developing the southern half of the
Simandou iron ore deposit in Guinea, also said it could be
interested in a larger footprint, including additional blocks
held by rivals.
** Italian brake maker Brembo has bought the 30
percent stake of its Chinese joint venture it did not already
own, the company said.
Brembo paid around 11 million euros ($15 million) to buy the
remaining stake in Brembo Nanjing Brake Systems Co from its
Chinese partner Donghua Automotive Industrial Co Ltd, a
subsidiary of leading Chinese automotive group SAIC.
** The independent directors of Kazakh miner ENRC
said on Thursday that a lack of alternatives and an imminent
delisting meant shareholders should consider a buyouy offer from
its founders, despite a price they said undervalued the group.
** Germany's SGL Group said it was considering the
sale of stakes in its aircraft components unit Hitco and wind
rotor blade business Rotec as part of an overhaul at the
loss-making carbon-fibre specialist.
** A group of Chinese and other Asian investors have
expressed interest in buying a 95 percent stake in one of the
Icelandic banks that was created after the island's financial
crisis in 2008, Glitnir's winding-up board said on Thursday.
Islandsbanki is the domestic operation of old bankrupt
Glitnir, owned 5 percent by Iceland and 95 percent by ISB
Holding ehf., which is the creditor group behind Glitnir.
** Italy's Unipol is not interested in buying a
stake in Banca Carige, Unipol's Chief Executive Carlo
Cibri said on Thursday.
(Compiled by Sruthi Ramakrishnan and Maria Ajit Thomas in