Aug 21 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Wednesday:
** New China Trust, which was leading a consortium of
Chinese investors in a $4.8 billion bid for American
International Group Inc's aircraft-leasing unit, pulled
out of the deal in May, a person familiar with the situation
** Singapore's sovereign wealth fund GIC is in
exclusive talks to buy Blackstone Group's stake in the
Broadgate office and retail complex in London for 1.7 billion
pounds ($2.67 billion), Britain's Times newspaper said.
** IntercontinentalExchange (ICE) has hired three
banks to advise on the listing of Euronext, whose sale is
crucial to its $8.2 billion takeover of NYSE Euronext,
three sources familiar with the situation said.
ABN Amro and existing advisers on the ICE/NYSE deal, Societe
Generale and JP Morgan, will act as global
coordinators on the flotation of the combined Paris, Lisbon,
Brussels and Amsterdam exchanges, the sources said.
** Online retailers JustFab and ShoeDazzle are making a
bigger-is-better play and merging in an effort to grow faster,
the companies said Wednesday.
** Dubai-based Arabtec Holdings is considering a
merger with the largest contractors in Saudi Arabia and Kuwait
to create a pan-Gulf construction firm, the firm's chief
** A unit of Saudi Arabia's No.2 mobile firm Etihad Etisalat
(Mobily) has signed a memorandum of understanding with
four shareholders in Etihad Atheeb to buy a
controlling interest in the loss-making fixed line operator.
** Croatia aims to sell up to a 49 percent stake in troubled
national flag carrier Croatia Airlines and will test
investor appetite with a preliminary tender by mid-October, the
transport ministry said.
** An additional eight oil firms, including majors BP Plc
and ConocoPhillips, are interested in the
potential oil resources off Jan Mayen island in the Arctic, the
Norwegian Petroleum Directorate said. The agency announced more
buyers of seismic surveys for the island's offshore areas. The
eight companies are: BP, ConocoPhillips, Statoil, DONG
Energy, Eni, OMV, GDF Suez
and BG Group.
** Israeli conglomerate IDB Development said it had agreed
to sell a third of its insurance unit to Hong Kong's JT Capital
Management for 1.472 billion shekels ($413 million) to meet a
court deadline for settling its debts.
** British state-backed lender Lloyds Banking Group
has sold German life insurer Heidelberger Leben to private
equity group Cinven and Hannover Re for around 300 million euros
($403 million), raising hopes that the state-rescued bank is
moving closer to restoring its dividend.
** Magazine publisher Conde Nast announced a major
partnership with Amazon.com Inc on Tuesday in which the
Internet retailer will handle print and digital subscriptions
for glossy publications such as Vogue, Wired and Vanity Fair.
** South Africa's Sibanye Gold said on Wednesday it
had acquired the West Rand operations of junior miner Gold One
International for $140 million in new shares,
a rare move in an industry in terminal decline.
** State-backed China Resources Enterprise Ltd
said it had bid for Hong Kong's biggest supermarket chain, a
move analysts said would help the beer-to-retail conglomerate
expand market share through a quality brand.
** A private Chinese coal company said it plans to launch a
$160 million offer for Inova Resources Ltd, offering a
29 percent premium for the Australian copper and gold miner
controlled by Rio Tinto's Turquoise Hill Resources.
Shanxi Donghui Coal Coking & Chemicals Group said it had
secured a 14.9 percent stake from Turquoise Hill, which has
promised to sell all its shares once Shanxi's offer is accepted
by shareholders representing 51 percent of the company.
** Austrian lighting firm Zumtobel has sold its
magnetics ballasts plant in Australia as part of a strategic
retrenchment, it said on Wednesday, giving no financial terms
for the deal.
** Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais
SA said on Wednesday it has no interest in taking
control of mining company MMX Mineração e Metálicos SA
. The two firms share assets in mining and logistics..
** Chilean state oil company ENAP said on Tuesday it would
sell its stakes in Ecuadorian and Peruvian gas station
operations to Peruvian conglomerate Grupo Romero as it seeks to
shore up its shaky finances.
Empresa Nacional del Petroleo is shedding its
stakes, both around 49 percent, in Manu Peru and Primax
Comercial del Ecuador to the Peruvian group that already
controls both companies, for $312 million.
** Mexican telecoms group America Movil said it
has put in place financing to buy the rest of Dutch group KPN
even though its offer may be too late to influence the
sale of KPN's German unit in October.