UPDATE 2-Deals of the day -- mergers and acquisitions
** Frigo Pak (FRIGO.IS), a Turkish canned-food company, said it has decided to consider a strategic partnership. [ID:nIST003075]
** A senior management team from Russia's top bank, state-owned Sberbank (SBER03.MM), has flown to Kazakhstan for talks on a potential takeover of Kazakhstan's BTA BTAS.KZ, a source close to the talks said. [ID:nNL0692291]
** Italy's IT Holding (ITH.MI), owner of fashion brand Gianfranco Ferre, has received expressions of interest from various parties, it said, adding it was in talks with licensors over delays in paying royalties. [ID:nL2664793]
** Kamat Hotels India Ltd (KAMT.BO) said its board approved selling 60 percent stake in its subsidiary, Concept Hospitality Ltd. [ID:nBMB004561]
** Italian bank Banca Popolare di Milano (PMII.MI) (BPM) has signed an agreement with Intesa Sanpaolo (ISP.MI) to buy Intesa's online trading unit IntesaTRADE SIM SpA for 45 million euros ($58 million). [ID:nL2286245]
** French bank BNP Paribas (BNPP.PA) said a revised deal to buy assets of stricken Belgian-Dutch financial group Fortis (FOR.BR) would no longer boost its key capital ratio but maintained it did not plan a capital increase. [ID:nL2680523]
** A group of 36 municipal utilities plans to bid for RWE's (RWEG.DE) natural-gas transmission network, having won Dutch pipeline grid operator Gasunie as partner, a German newspaper reported. [ID:nL2445671]
** The chairman of Spain's Caja Madrid, the biggest shareholder in Iberia with 23 percent, said an agreement on a merger between the airline and British Airways was close. [ID:nL2174733]
** Citigroup Inc (C.N) may accept bids as early as this month for its Nikko Cordial Securities Inc unit, Nikkei said, after the bank put the brokerage into a group of "non-core businesses" it hopes to shed. [ID:nN02462309]
** The German state of Hesse will keep its 17.5 percent stake in Germany's Hahn airport, mainly used by Ryanair (RYA.I), abandoning previous divestment plans, a German newspaper reported. (Compiled by Archana Shankar and Renju Jose in Bangalore)
