(Adds Bain Capital, Elsan Elektrik, Euronext, Caixabank, Zimmer
Holdings, Permira, Alpha Bank, updates Alstom)
June 12 The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
** The French government met on Thursday to discuss the fate
of cash-strapped engineering group Alstom but gave
little indication of its feelings towards a plan being hatched
by Siemens and Mitsubishi Heavy Industries.
Hitachi Ltd said it hoped to join Mitsubishi and
Siemens in their joint bid for Alstom's energy assets, which the
Nikkei newspaper said would be worth 1 trillion yen 9.80
Mitsubishi is also considering taking a direct stake in
Alstom as part of an offer with Siemens, two French newspapers
said on Thursday.
** Spanish billionaire Esther Koplowitz could sell some of
her stake in the holding company that controls builder FCC
as part of a debt restructuring deal, said a source who
is working on the refinancing.
** Swedish private equity firm IK Investment Partners said
it had sold its stake in industrial fire fighting equipment
maker Minimax Viking Group to Danish Kirkbi A/S and capital
manager Intermediate Capital Group.
** Orco Property Group has agreed to
sell a 24.9 percent stake in Croatian hotels group Suncani Hvar,
the central European developer said.
** Budget airline Citilink, owned by Garuda Indonesia
, has ended talks to acquire low-cost rival Tigerair
Mandala, said two sources familiar with the discussions.
** Orange Deputy Chief Executive Pierre Louette on
Thursday said no deal term sheet or agreement existed with
Bouygues over the sale of France's third-largest
mobile operator to its biggest player.
** Russia's Gazprom has decided to sell its stakes
in Lithuanian gas utility Lietuvos Dujos and gas grid
company Amber Grid to Lithuanian state-owned firms, a
spokeswoman for Lithuania's prime minister said on Thursday.
** AstraZeneca has struck a deal worth up to $232
million in milestone payments to acquire rights to a drug from
Synairgen for treating respiratory tract viral
infections in patients with severe asthma.
** The Pakistan government is set to raise $388 million
after pricing the sale of its 19.8 percent stake in United Bank
Ltd at 158 rupees per share, IFR reported.
** Leighton Holdings Ltd, Australia's largest
construction firm, said it might sell its John Holland roads and
rail business as Spanish-controlled majority owner Hochtief AG
seeks to cut debt and potentially finance a bid for
** Plains Cotton Cooperative Association, one of the largest
cotton merchants in the United States, has sold its denim mills
that supply big-name brands like Wrangler, the latest in a
recent wave of deals transforming the U.S. textile industry.
** Imperial Tobacco Group Plc is evaluating a deal
for assets likely to be divested from Reynolds American Inc
and Lorillard Inc if the two U.S. tobacco
companies proceed with a proposed combination, according to
people familiar with the matter.
** Morocco's state-run phosphate monopoly OCP has signed an
agreement to buy a 10 percent stake in Brazil-based company
Fertilizantes Heringer for 145 million
Brazilian real ($65 million), a statement from the Moroccan
** The union representing engineers at Spirit Aerosystems
Holdings, one of Boeing Co's biggest suppliers,
said it had asked Spirit about the rumored sale of its
fabrication business to GKN Aerospace, prompted by information
supplied by its membership.
** Indonesia's government has dropped a plan for PT Bank
Mandiri to buy PT Bank Tabungan Negara, the
chief economic minister said.
** Italian cement maker Italcementi said its
takeover bid on its French unit Ciments Francais would start on
June 13 and end on July 3.
** Italy's Eni signed an agreement with
Kazakhstan's state-owned KazMunaiGas (KMG) on Thursday to look
for oil and gas in the North Caspian Sea in a move that will
grow the oil major's footprint in the resource-rich country.
** Consol Energy Inc and Noble Energy Inc
said they would form a master limited partnership for pipeline
operations they control in Pennsylvania's Marcellus shale
** Finland's Nokia said it had agreed to buy
small U.S. company Medio Systems for its navigation unit
** U.S. private equity firm Bain Capital Partners LLC will
sell its equity stake worth up to $393 million in Hero MotoCorp
Ltd, India's largest maker of motorcycles and
scooters, according to a deal term sheet seen by Reuters.
** Turkey's Elsan Elektrik placed a top bid of $1.09 billion
in a government tender to privatize a coal-fired power plant
with 630 megawatts of installed capacity.
** European market operator Euronext announced plans to
develop ties with China's Dalian Commodity Exchange in a move to
boost its agricultural derivatives business following its
spin-off from IntercontinentalExchange.
** Caixabank is considering making an offer for
Barclays' retail business in Spain, which analysts
value at up to 2.2 billion euros ($3 billion), the Spanish
lender's chief executive officer told the Wall Street Journal.
** The European Commission halted its review of Zimmer
Holdings Inc's $13.4 billion bid for Biomet Inc
on Thursday, saying the U.S. orthopedic products
maker's submission lacked some details.
** Permira, one of Europe's biggest private equity firms,
has raised 5.3 billion euros for its fifth buyout fund compared
with a previous 9.6 billion euros it raised for a fund in 2006.
** Greece's fourth-biggest lender, Alpha Bank, is
close to clinching a deal to buy Citibank's retail
operations in Greece, two Greek banking sources told Reuters on
($1 = 0.7345 Euros)
($1 = 2.2295 Brazilian Reals)
($1 = 101.6400 Japanese Yen)
(Compiled by Amrutha Gayathri and Ankit Ajmera in Bangalore)