(Adds Club Mediterranee, PEP, Aurelius, CBS Outdoor, BSkyB)
July 21 The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Monday:
** China's MMG Ltd won unanimous approval from its
shareholders to buy the Las Bambas copper project in Peru from
Glencore Plc for $5.85 billion and sell more than half
the output to MMG's majority owner.
** Russia's Severstal said it had agreed to sell
its two U.S. steel plants for $2.3 billion, withdrawing from the
U.S. market at a time of rising tension between Russia and the
West and turning its focus to its domestic business.
** Britain's 7th-largest lender, TSB, which recently
floated on the stock market, is planning to bid for 1.4 billion
pounds ($2.39 billion) worth of state-owned mortgages, Sky news
reported on its website on Saturday, without citing its sources.
** Activist investor Elliott Management Corp has taken a $1
billion stake in data storage equipment maker EMC Corp
and plans to push the company to spin off its VMware Inc
unit, the Wall Street Journal reported, citing people familiar
with the matter.
** A global rush for Australasian food assets continued on
Monday with Pacific Equity Partners (PEP) selling a New Zealand
company to Philippine snack and beverage maker Universal Robina
Corp for NZ$700 million ($609 million).
** CBS Outdoor Americas Inc said Monday it would
buy the billboard business of Van Wagner Communications LLC
, a privately held company with outdoor advertising in
New York's Times Square and on buses on the Las Vegas strip, for
$690 million in cash.
** Poland's richest man, Jan Kulczyk, will combine his Polish
energy assets under PEP to create the country's
largest private utility - renamed Polenergia and valued at 1.5
billion zlotys ($488.6 million), the group said.
** British pay-TV group BSkyB has taken a majority
stake in the production company behind the hugely popular Great
British Bake-off, as part of a wider drive to make and
distribute more programmes around the world.
BSkyB, which is currently in talks to buy 21st Century Fox's
TV assets in Germany and Italy, said it had taken a 70
percent stake in the independent producer Love Productions.
** German private equity firm Aurelius said on
Monday it is buying Reckitt Benckiser's Scholl shoe
business in its efforts to expand internationally, betting on
the brand's growth potential.
Under the agreement, Aurelius would acquire the
international rights for the Scholl footwear business, excluding
North and South America.
** Twenty-First Century Fox Inc cannot buy
publisher Tribune Co or its Los Angeles Times
newspaper, Fox Chief Executive Rupert Murdoch wrote on Twitter
on Friday, citing U.S. laws on media ownership.
** World No.1 platinum producer Anglo American Platinum
said it planned to sell its Union mine, Rustenburg
operations and a joint venture in South Africa and said "a
number" of suitors had expressed interest in buying the
** Brazil's state-controlled oil company Petróleo Brasileiro
SA agreed to sell a stake in a Brazilian natural gas distributor
to power holding company Cia Energética de Minas Gerais SA
for 600 million reais ($269 million).
** Goldman Sachs has signed a preliminary agreement
with Socar's Turkey unit to buy a 30 percent stake in the
country's largest integrated port for $250 million, the port's
** South Africa's Woolworths Holdings Ltd's $200
million bid to buy out Australian retailer Country Road Ltd
shareholders was fair and reasonable, an independent
** Zurich-based Julius Baer said it will buy the
private banking activities of Bank Leumi in Luxembourg
and Switzerland, in a deal which will cost up to 70 million
Swiss francs ($78 million).
** Doosan Co Ltd said it will acquire the assets
and operating debt of U.S.-based ClearEdge Power, a fuel cell
manufacturer for buildings, for $32.4 million.
** New Zealand Post said it planned to sell its Australian
courier business as the struggling national postal service
consolidates it operations.
** UniCredit has received at least three binding
offers for debt collection unit UCCMB, which Italy's biggest
bank by assets has put up for sale as it tackles its soured
loans, three sources close to the matter said.
** BSkyB could agree a deal in the next two weeks to
buy Rupert Murdoch's Sky Italia and his stake in Sky Deutschland
, the Sunday Times reported.
** Middle Eastern pay-television operator OSN is the subject
of a full takeover bid from an unnamed buyer, its parent company
said, a deal that could prove to be one of the largest
acquisitions of a regional business in recent years.
** TIM Participações SA, Brazil's second-largest
wireless carrier, on Friday denied being in negotiations with
rivals Grupo Oi SA and GVT SA for a combination or a
** Mondelez International Inc and D.E Master
Blenders 1753 are considering options including a possible sale
of French coffee brands L'Or and Grand Mere as they prepare to
merge their coffee businesses, sources familiar with the matter
** Oman International Development and Investment Co
(Ominvest) said it had written to fellow investment
firm Oman National Investment Corp Holding to open
talks on a possible merger.
** Abu Dhabi state fund Aabar Investment, a major
shareholder in Dubai builder Arabtec, said it was
studying different options for its stake, but that any talks on
a deal would remain confidential.
** Club Mediterranee's board of directors will
meet on Friday to decide whether to back a takeover offer for
the holidays group from top shareholder Andrea Bonomi, according
to a source close to the matter.
($1 = 2.2245 Brazilian Reals)
($1 = 0.5852 British Pounds)
($1 = 1.1502 New Zealand Dollars)
($1 = 0.8980 Swiss Francs)
(Compiled by Ankit Ajmera and Rohit T.K. in Bangalore; Editing
by Savio D'Souza)