UPDATE 2-Deals of the day -- mergers and acquisitions
(Updates Bank of China and Etisalat, adds AIG and others)
Jan 13 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1430 GMT on Tuesday.
(For Reuters columns on deals, double-click on [DEALTALK/]
** Deutsche Bank (DBKGn.DE) is in talks with Deutsche Post (DPWGn.DE) about the timing of its planned takeover of retail lender Postbank (DPBGn.DE), sources with direct knowledge of the matter told Reuters.
To read more, please double click on [ID:nWEA1394]
** Royal Bank of Scotland (RBS.L) is selling about $2.4 billion worth of shares in Beijing-controlled Bank of China (3988.HK) on Tuesday, according to market sources and a term sheet for the deal seen by Reuters. [ID:nLD130632]
** BNP Paribas SA (BNPP.PA) announced a formation of a T$2 billion ($60 million) insurance tie-up with Taiwan Cooperative Bank (5854.TW), aiming to tap one of Asia's top insurance markets. [ID:nTP140512]
** Bank of Montreal (BMO.TO) will buy the Canadian life insurance business of U.S. insurer American International Group Inc (AIG.N) for about C$375 million ($305 million), the companies said. [ID:nN13384192]
** Egyptian investment bank Pioneers Holding (PIOH.CA) said it has called off a deal to buy a stake in Egyptian Securities Brokerage and was studying other options. [ID:nLD261482]
** Budget airline Ryanair (RYA.I) said it may take a minority stake in Germany's Hahn airport, after Fraport announced it was in talks with the state of Rhineland-Palatinate to sell its 65 percent majority stake. [ID:nLD178155]
** South Africa's biggest consumer goods firm, Tiger Brands Ltd (TBSJ.J), is still mulling a bid for smaller rival AVI (AVIJ.J) and urged shareholders to be cautious pending a further announcement. [ID:nLD299378]
** Emirates Telecommunications Corp (Etisalat) said that a consortium it heads will invest at least $1 billion in a mobile phone network in Iran, and the firm was continuing talks for an acquisition in Iraq. [ID:nLD44336]
** Several investment groups have expressed interest in buying assets of SCO Group Inc (SCOXQ.PK) in a public auction, the bankrupt provider of UNIX software technology said. [ID:nN13381792]
** USJ Co Ltd (2142.T), which operates a Universal Studios theme park in Japan, may go private in a buyout led by Goldman Sachs (GS.N), five people familiar with the matter said. [ID:nT145772]
** British-based newspaper publisher Mecom (MEC.L) is selling its German operations to Germany's M. DuMont Schauberg for 152 million euros ($204 million) in cash, to reduce debt which has hammered the company's stock. [ID:nBNG420140]
** China Eastern Airlines (0670.HK) (600115.SS), the weakest of the country's three biggest airlines, wants to sell a roughly 30 percent stake in regional carrier Happy Airlines to alleviate its strapped finances, company sources said. [ID:nSHA9998] Continued...




