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MERGERS/DEALS (UPDATE 2)

Thu Jun 25, 2009 4:10pm EDT

Stocks

   

** Konsortium Abass, a unit of Malaysian water firm Kumpulan Perangsang Selangor (KPS) (KPSB.KL), received a $268 million offer from Selangor state for its water-related assets, KPS said. [ID:nKLR170967]

** Dutch engineering consultancy Arcadis (ARDS.AS) will buy U.S. rival Malcolm Pirnie for $222 million in cash and shares, boosting its position in the international water services market in a deal welcomed by investors. [ID:nLP248577]

** French utility EDF (EDF.PA) is planning to sell a stake in utility Estag, in the Austrian state of Styria, to Verbund (VERB.VI), Austrian daily newspaper Der Standard reported. [ID:nLP73910]

** France's Compagnie du Vent may look abroad to develop its wind power business as political barriers make projects difficult to push through in its domestic market, the head of the GDF Suez (GSZ.PA) subsidiary said. [ID:nLP727463]

** Aozora Bank (8304.T) and Shinsei Bank (8303.T), two loss-making lenders backed by U.S. investors, confirmed they are in talks to merge, a tie-up that would create Japan's sixth-largest bank. [ID:nT239838]

** Indian outsourcer Tech Mahindra (TEML.BO) and its unit Mahindra Satyam (SATY.BO) could be merged within two years, the Economic Times reported, citing the vice-chairman of the two firms. [ID:nBOM87462] (Compiled by R. Manikandan and Antonita Madonna Devotta in Bangalore)



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