March 24 The following bids, mergers,
acquisitions and disposals were reported by 1000 GMT on Monday:
** Nokia does not expect to close the sale of its
phone business to Microsoft until April as talks with
Asian regulators drag on, it said on Monday, fuelling
speculation it may have to make more concessions to get the deal
** Ailing German airline Air Berlin, almost 30
percent owned by Abu Dhabi-based Etihad Airways, will be
delisted and Etihad will raise its stake to 49.9 percent, a
German weekly reported, possibly as a prelude to combining it
** Japanese system integrator NEC Corp said on
Monday it would buy A123 Systems' battery systems integration
business from China's Wanxiang Group for about $100 million.
** AGL Energy Ltd, on Monday, took legal steps in
hope of getting the go-ahead to pursue a A$1.5 billion ($1.36
billion) acquisition of power supplier Macquarie Generation
after its plans were scuttled by Australian competition
regulators despite submitting the highest offer.
** Bahrain's Khaleeji Commercial Bank and unlisted
Bank Al Khair have dropped their plan to merge after failing to
agree on terms, Khaleeji said in a bourse statement on Monday.
** British life insurance and pensions group Standard Life
has announced it is in "exclusive and advanced" talks to
buy rival Phoenix Group Holdings' Ignis Asset
** Hutchison Whampoa shares fell on Monday after a
$5.7 billion deal to sell a stake in its health and beauty
retailer to Singapore state investor Temasek Holdings
disappointed investors hoping for a higher valuation.
** China's Yanzhou Coal Mining Company Ltd has
decided to walk away from a privatization offer to buy the 22
percent of Yancoal Australia Ltd it does not already
own, Yancoal said in a statement on Monday.
** S-Oil said on Monday it halted talks to
acquire a stake in Australia's United Petroleum after failing to
reach an agreement with the petrol and convenience store
** Private equity firms Advent International and Bain
Capital, along with Danish pension fund ATP, agreed on Monday to
buy payment services company Nets Holding from a group of Nordic
banks for 17 billion Danish crowns ($3.14 billion), Nets said in
** L'Oreal said on Monday it had signed the share
purchase agreement selling to Nestle its holding in
dermatology joint venture Galderma, a key step to completing its
deal to buy back shares from the Swiss food giant.
** State-run oil group China Petroleum and Chemical Corp
(Sinopec Corp) said on Monday it aims to
complete the sale of up to 30 percent of its marketing business
in the third quarter of this year.
($1 = 5.4365 Danish Crowns)
($1 = 1.1002 Australian Dollars)
(Compiled by Neha Dimri in Bangalore)