(Adds Opera Software, GDF Suez, Endo International; updates
KKR, San Miguel Corp)
June 24 The following bids, mergers,
acquisitions and disposals were reported by 2100 GMT on Tuesday:
** Swiss crop chemicals maker Syngenta has been in
talks about a $40 billion takeover by U.S. rival Monsanto Co
to create the world's largest agrochemicals company,
according to a Bloomberg report.
** France has agreed to sell a 3.1 percent stake in gas
utility GDF Suez and could sell as much as 3.6 percent
to finance the acquisition of a state participation in
engineering group Alstom, the government said. Based
on Tuesday's 20.81 euro closing price, the operation would yield
the state between 1.56 billion euros ($2.12 billion) and 1.79
** A high committee within Brazil's antitrust regulator
recommended blocking the purchase of Argentina's chemical firm
Solvay Indupa by petrochemical giant Braskem
, according to Brazil's official gazette on Tuesday.
** The former chief executive of Arabtec Holding
has three offers for his 28.85 percent stake but is looking to
sell his holding in the Dubai contractor for more than 6 dirhams
per share, he told Reuters on Tuesday.
** Israeli energy and insurance conglomerate Delek Group
said on Tuesday it agreed to sell its 46.6 percent
stake in Barak Capital to Eyal Bakshi, controlling shareholder
of Barak Capital, for 237 million shekels ($69 million).
** Two consortia from Russia and South Korea have emerged as
the final bidders of Uganda's $2.5 billion refinery after two
others from China and Japan were knocked out of the bidding
process, the Ministry of Energy said on Tuesday.
** The head of Spain's bank restructuring fund FROB said on
Tuesday there were no short-term plans to sell off another piece
of bailed-out bank Bankia after 7.5 percent of the lender was
sold to institutional investors in February.
** HSBC Holdings said it is selling $12.5 billion
of private banking assets in Switzerland to Liechtenstein's
biggest bank LGT Group Foundation.
** Ramon Ang, the president of San Miguel Corp, is
to buy a minority stake in Philippine broadcaster GMA Network
Inc in a deal worth around 15.3 billion pesos ($349
** Drugmaker Endo International Plc said it would
buy privately owned DAVA Pharmaceuticals Inc for $575 million in
cash to bolster its generics portfolio.
** National Bank of Greece is reviewing
second-round bids for its London-headquartered private equity
business and hopes to sell it by the end of September, the
bank's deputy chief executive Petros Christodoulou told Reuters
** U.S. healthcare firm Abbott Laboratories is to
buy Russian drugmaker Veropharm for up to $495
million, giving it a manufacturing presence in a country where
it has been operating for nearly 40 years, Abbott said on
** Norwegian mobile phone software firm Opera Software ASA
is to buy U.S.-based mobile video advertising
platform AdColony, it said on Tuesday, lifting its earnings
forecast for 2014. Opera said it would pay $75 million in cash
for AdColony plus potential earn-out payments of up to $275
million, with the total purchase price estimated at about $245
** Japanese car electronics maker Pioneer Corp has
agreed to sell its audio-video operations to Hong Kong-based
Baring Private Equity Asia and Pioneer's Japanese rival Onkyo
** Private equity firm KKR is to buy a one-third
stake in indebted Spanish group Acciona's international
wind farms arm for 417 million euros ($567 million), the
companies said on Tuesday, with a view to listing the business
** South Korean steelmaker Posco said it would
not buy two of the units of cash-strapped conglomerate Dongbu
Group, citing financial burdens and differences over asset
** Belgian biotech company ThromboGenics said it
had ruled out putting itself up for sale and that its chief
financial officer had resigned, a day after its shares fell to a
near three-year low.
** Australian billionaire Solomon Lew effectively ended a
17-year standoff with South Africa's Woolworths Holdings Ltd
on Tuesday with a deal that will have the department
store firm buy him out of two investments at a massive
** U.S. specialty media buyout firm Providence Equity
Partners LLC is in discussions to buy struggling Australian
broadcaster Ten Network Holdings, a source with
knowledge of the discussions told Reuters.
** Commodities trader Olam International Ltd said
it has sold an 80 percent stake in its Australian grains
business to Japan's Mitsubishi Corp for $64 million.
** Retailer Brookstone Inc announced on Monday
that a federal bankruptcy court judge in Delaware has approved
its sale to a consortium of Chinese investors that will run its
240 stores after exiting bankruptcy.
** Loral Space & Communications Inc's efforts to
sell itself and its main asset, Telesat Holdings Inc, broke down
after the company failed to agree on a potential $7 billion deal
with the buyer group, people familiar with the matter said.
** New Zealand power company Trustpower Ltd said it
would buy hydro power stations and wind farm assets from
Australia's New South Wales government for A$72.2 million ($68
million), expanding the company's renewable energy portfolio.
** Reinsurer Validus Holdings Ltd said it would buy
specialty insurer Western World Insurance Group Inc for about
$690 million in cash to strengthen its presence in the United
($1 = 1.06 Australian dollars)
($1 = 43.86 Philippine pesos)
($1 = 0.74 euros)
($1 = 0.59 British pounds)
($1 = 0.89 Swiss francs)
($1 = 3.67 United Arab Emirates dirhams)
($1 = 3.44 Israeli shekels)
(Compiled by Shailaja Sharma and Ramkumar Iyer in Bangalore)