July 2 The following bids, mergers, acquisitions
and disposals were reported by 1000 GMT on Wednesday:
** Aramco Overseas Co (AOC), a unit of state-run oil giant
Saudi Aramco, said it had agreed in principle to buy Hanjin
Group's 28.4 percent stake in South Korean refiner S-Oil Corp
for about $1.95 billion.
** Roche Holding AG said it would pay up to $1.725
billion to buy Seragon Pharmaceuticals, a privately held U.S.
biotech company that researches breast cancer treatments.
** Italian broadcaster Mediaset said it was in talks
with Qatari-owned broadcaster Al Jazeera and other players on a
potential collaboration in pay TV business in Italy, its vice
** Orange has ditched plans to take part in any
tie-ups in the French telecoms market, the former monopoly said
on Wednesday, causing share prices across the sector to drop on
the prospect of the cut-throat competition continuing.
** Spain's Telefonica won EU antitrust clearance for its
8.6-billion-euro ($12 billion) takeover of KPN's German mobile
arm, giving it a stronger position in Europe's largest phone
market and marking a milestone in telecoms consolidation.
** France's Total is in talks with PetroChina
to sell its stake in a Chinese refinery after nearly
two decades of investment, in what could be the latest foreign
energy firm giving up on a vast but tightly regulated oil market
** German fashion house Hugo Boss is taking full
control of its store network in China and Macau as it seeks to
improve the way its brand is presented, a move that mirrors a
broader trend by luxury goods groups in emerging markets.
** Malaysian billionaire Robert Kuok's Wilmar International
Ltd has convinced Goodman Fielder Ltd to
accept a lower takeover offer, as the Australasian food firm
warned of a massive impairment charge due to pressures on its
** Telecom Italia is in favour of keeping its
controlling stake in Brazilian unit TIM Participacoes
because it supplies one third of its group revenue, but it does
not rule out a sale, Chairman Giuseppe Recchi told Il Sole 24
** China said it approved, with conditions, a proposed joint
venture between Primearth EV Energy Co, two other Toyota units
, Hunan Corun New Energy and Changshu Sinogy Venture
** Australian regulators said South Africa's Woolworths
should provide an independent valuation of Country Road Ltd
due to concerns investor Solomon Lew may benefit
unfairly from selling Woolworths his stake in the Australian
The Australian Securities and Investments Commission (ASIC)
raised its concern about Woolworths Holdings Ltd's
A$213 million ($201.5 million) offer to buy the billionaire
investor's 11.88 percent stake in Country Road in a Federal
Court application on Wednesday.
** The world's third-largest discount supermarkets group Dia
said on Wednesday it would buy Spanish groceries chain
El Arbol for a symbolic one euro, and assume the company's debt
worth up to 150.8 million euros ($206 million).
** China Offshore Oil Engineering Company (COOEC) and
Norway's Kvaerner are setting up a joint venture in
China to conduct oil engineering projects worldwide in the
second international cooperation deal for the Chinese firm in
** Celltrion Inc said on Wednesday its top
shareholder is no longer considering a sale of a stake in the
Founder and Chief Executive Seo Jung-jin last year said he
would seek a buyer among multinational drugmakers for his
controlling interest in the company.
** Polish cable television operator Vectra has offered to
buy 33 percent of shares in telecoms firm Netia at 5.31
zlotys ($1.75) per share, or 4.1 percent above Tuesday's market
closing price, the brokerage involved in the deal said on
** Wienerberger, the world's biggest brickmaker,
has agreed to increase its stake in Austrian roof tilemaker
Tondach Gleinstaetten to 82 percent for 41 million euros ($56
** U.S. mother and baby product retailer Destination
Maternity has not abandoned its pursuit of struggling
British peer Mothercare after revealing on Wednesday it
had two bid proposals rejected.
** Vopak, the Dutch oil and chemicals storage
company, said on Wednesday it will divest from 15 primarily
smaller terminals as part of a structural review.
** Commercial Bank of Qatar will buy out the
remaining publicly owned shares in Turkey's Alternatifbank
and then delist the lender from the Istanbul bourse,
it said on Wednesday.
** Korean Air Lines Co Ltd said on Wednesday
that its Hanjin Energy Co Ltd unit will sell all of its stake in
South Korean refiner S-Oil Corp for 1.98 trillion
Korean won ($1.96 billion) to improve the financial structure of
the parent firm.
** French pharmaceutical firm Nicox said on
Wednesday it had agreed to acquire U.S. company Aciex
Therapeutics Inc as it seeks to create an international
ophthalmic company around therapeutics and diagnostics.
** The fourth richest Pole Michal Solowow wants to sell his
entire 45 percent stake in real estate developer Echo Investment
, Puls Biznesu daily reported on Wednesday, citing
several sources. The stake is worth 1.2 billion zlotys ($394.3
** United Envirotech Ltd, a Singapore-based water
treatment company, said on Wednesday it was in talks with a
potential buyer, but did not give any details.
** China's Huaxia Dairy Farm Ltd said on Wednesday it has
received $106 million in investment capital from a consortium
led by Singapore sovereign wealth fund GIC and private
equity firm Olympus Capital, to expand its farming operations
and retail dairy business.
** Private equity firm CVC Capital Partners Ltd has
hired Credit Suisse, Deutsche Bank and Goldman Sachs to handle a
share sale in Indonesian internet service provider PT Link Net
Tbk, which could raise at least $500 million, people
familiar with the matter said.
** Proposed purchases by China's Lenovo Group Ltd
of IBM Corp's low-end server unit and Google Inc's
Motorola Mobility business should be completed by
year-end, Lenovo Chief Executive Officer Yang Yuanqing said on
** Real estate owner Store Capital, backed by private equity
firm Oaktree Capital Management LLC, has retained banks to
explore an initial public offering or a sale to another
landlord, said people familiar with the situation.
** Italian state-backed private equity fund Fondo Strategico
Italiano (FSI) and Kuwait Investment Authority (KIA) have
created an investment company with assets and commitments worth
2.185 billion euros ($2.98 billion), FSI said on Tuesday.
** Investment bankers are jostling to win plum roles from
the founding Lee family of Samsung Group, South Korea's top
fee-payer, as it prepares to hand the baton to the next
generation in a restructuring that could land more than $100
million in advisory fees alone.
Foreign and Korean investment banks are bringing in their
chief executives and top dealmakers to pitch for a glut of deals
as the $407 billion Samsung Group untangles an empire
that ranges from electronics to financial services.
($1 = 3.0373 Polish Zlotys)
(Compiled by Rohit T.K. in Bangalore)