(Adds Lafarge, General Electric, Etihad Airways, Virgin, Credit
Mutuel, GEA, Kenya sugar millers)
April 4 The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Friday:
** The worlds' two largest cement makers, Lafarge
and Holcim, are in advanced talks to merge into a
company with a stock market value of over $50 billion in what
would be the industry's biggest ever tie-up.
** Sweden's Meda AB said on Friday it had
rejected a takeover approach by U.S. generic drugmaker Mylan Inc
, scuppering a potential deal to create a combined
company worth around $24 billion.
** Etihad Airways' proposal to start formal talks on its
potential investment in Alitalia is not expected before Monday,
two sources close to the matter said, cooling expectations that
negotiations with the Italian airline would gain traction this
** U.S. conglomerate General Electric Co does not see
room for a deal to buy rail signaling firm Ansaldo STS
from Italian defense group Finmeccanica, GE Europe
President and CEO Nani Beccalli-Falco said on Friday.
** The European Commission is examining several foreign
holdings in European airlines, including Delta Air Lines'
stake in Britain's Virgin and Etihad's stake in
Germany's Air Berlin, to see if they comply with rules
for operating an airline within Europe.
** French bank Credit Mutuel has sold its entire 6.87
percent stake in Italian cooperative bank Banca Popolare di
Milano (BPM). The French group said on Thursday its
Caisse Federale de Credit Mutuel holding company had sold the
stake in the Milanese bank on the stock market.
** Two buyout groups have made final offers for the heat
exchangers division of German industrial machinery and process
engineering group GEA, one of which could be picked
for exclusive talks within days, three people familiar with the
** Latino-focused cable network NUVOtv, backed by Jennifer
Lopez, said its parent company SiTV Media Inc would buy Madison
Square Garden Co's Fuse TV. Madison Square Garden will
receive $226 million and a 15 percent stake of the combined
company and will also gain a seat on the SiTV board.
** Kenya plans to sell a 51 percent stake in five sugar
millers to strategic investors starting this month as it looks
to complete reforms aimed at making its sugar industry
competitive, a top official said on Friday.
** Banco Popular said on Friday it was in talks to
buy Citigroup's retail banking and credit card business in
Spain, where foreign players have struggled to compete with
dominant local banks after a deep financial crisis.
** Private equity investor Lone Star is expected to
receive bids from some large European banks for corporate bank
IKB, one of Germany's high-profile victims of the
financial crisis, said two people familiar with the transaction.
** France's Bouygues submitted a new offer for
Vivendi's SFR telecom unit on Friday - of 15 billion
euros ($20.6 billion) in cash, plus shares - in an effort to get
back into the running hours before a decisive Vivendi board
** Italian fashion house Versace signed a deal on Thursday
to sell a 20 percent stake to U.S. private equity firm
Blackstone, spokespeople for the two companies said on
** China's Sanpower Group has agreed to buy an 89
percent stake in Britain's House of Fraser in a deal that values
the department store at over 450 million pounds ($746 million),
** Swedish cash handling firm Loomis said on
Friday it was set to buy Swiss VIA MAT, one of the world leaders
in international valuables logistics, in a deal worth around
1.45 billion Swedish crowns ($221.80 million).
** Italian broadcaster Mediaset has raised 284
million euros ($390 million) from the sale of a minority stake
in its EI Towers unit, in a move that could help it
fund the purchase of lucrative soccer rights to boost its core
** Germany's biggest utility, E.ON SE, has hired
Citi to advise it on the sale of its assets in Spain,
three people familiar with the matter told Reuters, in a bid to
pull out of weak energy markets in southern Europe.
** German diversified healthcare group Fresenius
and Swiss food giant Nestle are the only bidders left
for Danone's Medical Nutrition unit, two people
familiar with the process told Reuters on Friday.
** Shares of Remy Cointreau surged early on
Friday, with traders citing speculation that Brown-Forman
, the U.S maker of Jack Daniel's whisky, was mulling a
bid for the French luxury cognac company.
** A Bosnian billionaire who made his fortune with
automotive patents has offered to take ailing bank Hypo Alpe
Adria off Austria's hands - if the state pays him 3
** Australia's competition regulator said it would let
Transurban Group, the country's biggest toll road
owner, buy Queensland state-owned toll road owner Queensland
Motorways Ltd, ruling that a deal would not substantially reduce
** Boeing Inc is considering buying Mercury Systems
Inc, a supplier of digital signal and image processing
systems to the aerospace and defense industry, according to two
people familiar with the matter.
** Contract chipmaker Globalfoundries has emerged as the
leading candidate to buy IBM's semiconductor operations,
edging out Intel Corp, the Wall Street Journal cited
unidentified sources as saying on Thursday.
($1 = 0.73 Euros)
($1 = 6.54 Swedish Crowns)
(Compiled by Neha Dimri and Rohit T.K. in Bangalore)