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M&A Navigator: Deal Pipeline - 11 Dec 2009
(M&A Navigator Via Acquire Media NewsEdge) The following is a list of deals covered in detail by M&A Navigator this week:
- HSBC KEEN TO BUY RBS ASSETS IN CHINA, INDIA, MALAYSIA
UK banking group HSBC (LON:HSBA) is determined to take the retail and small and medium enterprises operations of Royal Bank of Scotland (LON:RBS) in India, China and Malaysia.
Status: Speculation
- PRUDENTIAL EXPECTS TO CLOSE WACHOVIA STAKE SALE IN JAN 2010
Mark Grier, vice chairman of US financial services provider Prudential Financial (NYSE:PRU), said that the sale of the company's interest in its brokerage joint venture, Wachovia Securities, is expected to close next month and added that the price is still being discussed.
Status: Talks
- PORTUGAL'S MOTA-ENGIL TO SPEND EUR30M ON STAKE BUYS IN BRAZIL, MEXICO
Portuguese construction company Mota-Engil (ELI:EGL) said in a regulatory filing it planned to spend in 2010 up to EUR30m (USD44.2m) on stakes in companies in Brazil and Mexico.
Status: Talks
- SNPE IN EXCLUSIVE TALKS WITH AURELIUS OVER ISOCHEM SALE
French state-run chemicals group SNPE has initiated exclusive talks with German investment fund Aurelius (ETR:AR4) over the divestment of its fine chemicals arm Isochem.
Status: Exclusivity; Speculation
- ALSTOM CHIEF AGAINST MITSUBISHI BUYING INTO AREVA
Patrick Kron, president of French heavy engineering group Alstom (EPA:ALO), has voiced his opposition to a potential acquisition by Japan-based rival Mitsubishi Heavy Industries (TYO:7011) of a stake in French nuclear group Areva (EPA:CEI).
Status: Bidding
- SPF POSTPONES SALE OF 25% IN PRYKARPATTIAOBLENERHO
Ukraine's State Property Fund (SPF) has delayed the sale of 25.02% in regional utility Prykarpattiaoblenerho (KSE:PREN) on the PFTS stock exchange due to the lack of bids, the body said.
Status: Auction; Delayed
- SPANISH NUEVA RUMASA MAY TAKE UP TO 29.9% OF SOS
Spanish holding company Nueva Rumasa is looking to buy a stake of between 25% and 29.9% in local food group SOS Corporacion Alimentaria (MCE:SOS).
Status: Bidding; Speculation
- EVN CHIEF SAYS ENBW LIKELY TO SELL EVN STAKE ON THE MARKET German utility EnBW (ETR:EBK) is most likely to sell its 36% stake in Austrian peer EVN (WBAG:EVN) on the market, although no decision on a divestment has been made yet, EVN's chief executive, Burkhard Hofer said.
Status: Speculation
- EQT TO REVEAL EUR2.3BN SPRING DEAL TODAY
Swedish buy-out firm EQT is expected to announce on Thursday the acquisition of German publisher Springer Science and Business Media for EUR2.3bn (USD3.4bn).
Status: Talks; Speculation
- AMERICAN TOWER LIKELY TO BUY MAJORITY IN INDIAN ESSAR TELECOM
US mobile-phone tower operator American Tower (NYSE:AMT) is likely to announce the acquisition of a majority stake in Indian Essar Telecom Infrastructure in a deal worth USD350m (EUR238m) to USD400m.
Status: Speculation
- IBERDROLA NEGOTIATES TO BUY STAKE IN PETROCELTIC'S ALGERIAN RIDGE
Spanish renewable energy group Iberdrola (MCE:IBE) is in talks with Irish oil and gas company Petroceltic Intl (LON:PCI), in which it holds 22.6%, to exercise an option to acquire a stake in the latter's Ain Tsila ridge in Algeria by mid-2010.
Status: Talks
- US HERSHEY CLOSE TO DECIDE ON UK CADBURY BID
US chocolate maker Hershey (NYSE:HSY) and its controlling trust are close to make a final decision on the planned takeover bid for UK confectionery company Cadbury (LON:CBRY).
Status: Speculation
- COST SAVINGS TO PAVE WAY FOR AER LINGUS TAKEOVER
The planned acquisition of Irish air carrier Aer Lingus (ISE:AERL) by sector player Ryanair (ISE:RYA) may face risks unless employees agree on planned cost savings.
Status: Speculation
- P&G CLOSE TO BUYING SARA LEE'S AIR CARE BUSINESS
US consumer products firm Procter & Gamble (NYSE:PG) is close to the acquisition of the air freshener operations of US peer Sara Lee (NYSE:SLE) for some USD700m (EUR476.2m).
Status: Speculation
- EC EXTENDS TO 6 JAN DEADLINE TO STUDY KRAFT/CADBURY DEAL
The European Commission extended its deadline to review a plan by US food giant Kraft (NYSE:KFT) to take over UK confectionery company Cadbury (LON:CBRY) to 6 January.
Status: Bidding
- PAN ANDEAN GETS TAKEOVER APPROACH FROM PETROMINERALES
Irish oil and gas producer PAN Andean (LON:PRE) said it has received a takeover offer from Latin America-based oil company Petrominerales (TSE:PMG).
Status: Bidding
- RUSSIAN VOLGATELECOM GETS GO-AHEAD TO HIKE SMARTS STAKE
Russian fixed-line operator VolgaTelecom (RTC:NNSI) has received clearance from the competition regulator, FAS, to boost its stake in local mobile operator Smarts, Russian business.
Status: Talks; Speculation
- BERTELSMANN ASSIGNS PORTUGUESE ASSETS SALE TO MORGAN STANLEY
Germany's media group Bertelsmann (FRA:BTG4) has hired US investment bank Morgan Stanley (NYSE:MS) to manage the divestment of its assets in Portugal.
Status: Auction; Speculation
- EQT EXPECTED TO INK DEAL FOR SPRINGER SBM BY END-WEEK
Sweden-based private equity firm EQT Funds Management would acquire German publisher Springer Science + Business Media GmbH by the end of the week, but for a purchase price much lower than expected.
Status: Speculation
- KPN EXTENDS TENDER OFFER FOR IBASIS UNTIL 18 DEC
Dutch telecomms and ICT group KPN (AMS:KPN) said it has extended its tender offer to acquire US voice traffic carrier iBasis (NASDAQ:IBAS) for USD3 (EUR2) per share in cash until 18 December.
Status: Bidding
- RBS, SEMPRA STUDY DISPOSAL OF COMMODITY TRADING JV
US energy services provider Sempra Energy (NYSE:SRE) and the Royal Bank of Scotland (LON:RBS) are planning to shed their entire commodities trading joint venture, RBS Sempra Commodities.
Status: Speculation; Auction
- LION CAPITAL PUTS POTATO CHIPS MAKER KETTLE UP FOR SALE
Private equity firm Lion Capital is planning to offload US potato chips maker Kettle Foods hoping to fetch about USD700m (EUR474m).
Status: Speculation; Auction
- MAMA GROUP URGES SHAREHOLDERS TO REJECT SMS'S REVISED BID
Britain's live music and artist services company Mama Group (LON:MAMA) said that the revised takeover bid of Luxembourg-based investment company SMS Finance still undervalues it and would advise shareholders to reject it.
Status: Bidding
- MOTA-ENGIL IN TALKS TO BUY MAJORITY OF A BRAZILIAN CO
Portuguese construction and engineering group Mota-Engil (ELI:MENP) is nearing a deal to acquire 50% of a Brazilian residue treatment company.
Status: Talks
- SMS FINANCE SWEETENS BID FOR MAMA GROUP
Luxembourg-based investment firm SMS Finance, the major shareholder of UK's live music, artist services and consumer company Mama Group (LON:MAMA), has raised its bid for the company to GBP0.0475 per share in cash valuing it at GBP38.4m (USD62.3m/EUR42.4m).
Status: Bidding
- GM, BAIC IN TALKS OVER SAAB DEAL
US carmaker General Motors (GM) is negotiating with Chinese Beijing Automotive Industry Holding, or BAIC, a partial sale of GM's Swedish brand Saab.
Status: Talks; Speculation
- FRENCH EXONHIT EYES BUY OF DIAGNOSTICS CO IN USA
French biotechnology firm ExonHit Therapeutics (EPA:ALEHT) plans to acquire a US diagnostics firm by the third quarter of 2010, to enhance its positions within molecular diagnostics, ExonHit CEO Loic Maurel said.
Status: Bidding
- INVITEL HOLDINGS SAYS BOARD REVIEWING MID EUROPA'S USD4.5 P/S OFFER
Invitel Holdings (AMEX:IHO) confirmed that UK private equity firm Mid Europea Partners LLP, controlling 74.4% of Invitel Holdings, has announced a tender offer of USD4.5 (EUR3.04) per share for all the Invitel Holdings shares it does not own yet.
Status: Bidding
- TURKISH CELEBI LAUNCHES NON-BINDING OFFER FOR SPANISH NEWCO
Turkish ground handling service provider Celebi Hava Servisi (IST:CLEBI) has launched a non-binding offer to acquire Spanish Newco Airport Services, the Turkish group said.
Status: Bidding
- US AEI MAY SELL TERPEL STAKE
US energy investment company AEI is considering the sale of its 24.96% shareholding in Colombian fuel distributor Terpel.
Status: Speculation; Auction
- TERRA INDUSTRIES SAYS TO REVIEW CF INDUSTRIES' IMPROVED BID
US fertliser maker Terra Industries (NYSE:TRA) said it would review the latest improved bid of competitor CF Industries (NYSE:CF) for the company after a consultation with its financial and legal advisors.
Status: Bidding
- CF INDUSTRIES AGAIN SWEETENS BID FOR TERRA
US fertiliser maker CF Industries (NYSE:CF) said it has sweetened its takeover bid for rival Terra Industries (NYSE:TRA) by USD4.75 (EUR3.21) per share to USD36.75 in cash and 0.1034 of its shares for each Terra share.
Status: Bidding
- UK DEFENCE MIN TO PARTLY PRIVATISE STORAGE UNIT
UK's Ministry of Defence (MoD) is expected to announce the partial divestment of its storage unit, the Defence Storage and Distribution Agency (DSDA), in a bid to reduce costs.
Status: Auction; Speculation
- GERMAN BERTELSMANN OFFLOADING PORTUGUESE ASSETS
German media group Bertelsmann (FRA:BTG4) is selling its assets in Portugal.
Status: Auction
- TURKEY TO HOLD AUCTION ON SUGAR PLANTS SALE ON TUESDAY
The Turkish privatisation agency OIB said a tender to sell a group of local sugar plants will be called on Tuesday.
Status: Auction
- CADBURY TO COUNTER KRAFT BID ON 14 DEC
UK confectionery company Cadbury (LON:CBRY) announced it will launch on 14 December its defence against the hostile offer by US food giant Kraft (NYSE:KFT).
Status: Bidding
- KARSTADT STORES EXPECTED TO BE SOLD BY H2 2010
Rolf Weidmann, the insolvency administrator of German department store chain Karstadt, part of German retailer Arcandor (ETR:ARO), said he hopes to find a buyer for the 120 stores by the second half of 2010.
Status: Auction
- ENI TO START SALE OF MINERAL NEWCOS IN APRIL 2010
Italian oil ans gas major Eni (BIT:ENI) will not launch the sale of its mineral newcos before April next year, the company told trade union representatives after they decided to call a strike to protest the lack of an agreement on the newcos.
Status: Delayed
- A2A SEEKING TO SELL ALPIQ STAKE BY END-2009
Italy's municipal utility A2A (BIT:A2A) is planning to offload its 5.16% interest in Swiss energy group Alpiq Holding (SWF:ALPH) by the end of the year in an effort to raise funds to lower its debt.
Status: Speculation; Auction
- CARLYLE OFFERS TO BUY UK SHANKS FOR GBP1.35 P/S
UK waste management firm Shanks Group (LON:SKS) said it had received a GBP1.35 (USD2.23/EUR1.5) per share (p/s) unsolicited takeover approach from a private equity group, which a source close to the situation told Reuters it was US Carlyle.
Status: Bidding; Speculation
- CHINESE GEELY MAY RESTART TALKS ON SAAB BUY
Chinese carmaker Geely Automobile Holdings (HKG:0175) is still on the lookout for acquisitions and does not rule out restarting talks for the purchase of struggling Saab Automobile.
Status: Talks
- UK APAX TO ACQUIRE CONTROLLING STAKE IN MARKEN
UK private equity company Apax Partners Holdings will acquire a controlling stake in medical courier firm Marken in the UK, beating the bid of US private equity firm Hellman & Friedman.
Status: Speculation
- UK DAISY TO FURTHER EXPAND VIA ACQUISITIONS IN 2010
UK telecomms company Daisy Group (LON:DAY) plans to continue its expansion via acquisitions in 2010.
Status: Bidding
- GERMAN ENBW TO FINALISE SOON MAJORITY STAKE BUY IN CZECH PRE
German utility EnBW (ETR:EBK) is nearing the purchase of a controlling stake in PRE Group, Czech Republic's third-largest electricity supplier.
Status: Talks; Speculation
- PRIVATE EQUITY FIRMS KEEN ON BUYING ICICI STAKE IN INDIAN 3I INFOTECH
Private equity firms Carlyle, Apax Partners and Kohlberg Kravis Roberts are seeking to buy Indian ICICI Group's 27% stake in home IT firm 3i Infotech (BOM:532628).
Status: Auction; Speculation
- US MEDIA FIRMS TO SET UP DIGITAL JV
US media companies News Corporation (NASDAQ:NWSA) and Time Warner (NYSE:TWX), together with magazine publishers Conde Nast and Hearst Corp are expected to disclose their plans to set up jointly a digital newsstand.
Status: Speculation
- JPMORGAN NEGOTIATING TO BUY ONLY PARTS OF ACS LOGISTICS UNIT
An infrastructure fund of US financial giant JPMorgan (NYSE:JPM) is keen on buying parts of Dragados SPL, the port and logistics arm of Spanish construction group ACS (MCE:ACS).
Status: Speculation
- INDIAN RELIANCE IN LOAN TALKS FOR DUTCH LYONDELLBASELL TAKEOVER
Indian energy giant Reliance Industries (BOM:500325) is talking with various banks to raise between USD8bn (EUR5.4bn) and USD10bn for the acquisition of troubled Dutch chemical company LyondellBasell.
Status: Bidding
- PEET'S NOT TO SWEETEN DIEDRICH OFFER
Peet's Coffee & Tea (NASDAQ:PEET) said it will not raise its cash-and-stock offer for US coffee roaster Diedrich Coffee (NASDAQ:DDRX).
Status: Bidding
- SPANISH CAJA ESPANA, DUERO STEP UP TALKS ON TIE-UP
Spanish savings banks Caja Espana and Caja Duero are speeding up their merger talks as the final plan on the merger has to be completed this week and discussed with the authorities of the Castilla y Leon region.
Status: Talks
- ITALY'S COSMO POSTS CHF41.3M TENDER OFFER FOR BIOXELL
Italy-based Cosmo Pharmaceuticals (SWF:COPN) said it posted its public tender offer to buy all the outstanding stock of Italian biopharmaceutical firm BioXell (SWF:BXLN).
Status: Bidding
- BALOISE BELIEVES TO TAKE FULL CONTROL OF DR
Swiss insurer Baloise (VTX:BALN) is confident it will succeed in taking full control of German sector association Deutscher Ring (DR) snatching the rest of it from the hands of German Signal Iduna.
Status: Bidding
- DE SHAW OFFLOADS STAKE IN INDIA'S DLF PROPERTY TRUST
New York-based hedge fund DE Shaw has sold a stake of 36% in Indian developer DLF's (BOM:532868) property trust for USD500m (EUR339.3m).
Status: Closed
- US FEDERAL SIGNAL BUYS DIAMOND CONSULTING
US environmental solutions firm Federal Signal Corporation (NYSE:FSS) announced the acquisition of Diamond Consulting Services for USD14.6m (EUR9.9m).
Status: Closed
- SOLVAY INITIATES TENDER OFFER FOR VINYTHAI TO BOOST GROWTH IN EMERGING MARKETS
Belgian chemicals and drug maker Solvay (EBR:SOLB) said that its Dutch subsidiary Solvay Chemicals and Plastics Holding has initiated a tender offer for Thai vinyl and polyvinyl producer Vinythai (BAK:VNT) as part of its growth strategy eyeing emerging markets.
Status: Bidding
- US DELTAGEN BUYS BENTEN BIOSERVICES
US drug discovery firm Deltagen (OTC:DGEN) said it acquired local Benten BioServices in line with its strategy to expand its existing drug discovery and screening products with complementary services and technologies.
Status: Closed
- SOCIETE GENERALE NEARS DEAL ON CREDIT DU NORD BUYOUT
French bank Societe Generale (EPA:GLE) said it is nearing a final agreement with Franco-Belgian bank Dexia (EBR:DEXB) to buy Dexia's 20% stake in Credit du Nord in a move to become its sole shareholder.
Status: Talks
- VIVENDI RAISES STAKE IN BRAZILIAN GVT TO 72.1%
French media group Vivendi (EPA:VIV) said it has increased its stake in Brazilian telecomms operator GVT (SAO:GVTT3) to 72.1% from 59.4%.
Status: Closed
- EGDON RESOURCES WRAPS UP SALE OF LICENSE INTERESTS
British oil and gas explorer Egdon Resources (LON:EDR) announced it has closed the sale of its interests in four onshore UK licences to Terrain Energy Ltd for GBP687,500 (USD1.1m/EUR762,000).
Status: Closed
- FIN DIRECTOR BUYS BARRATT DEVELOPMENTS STOCK AT GBP1.12 P/S
UK homebuilder Barratt Developments (LON:BDEV) said that the company's finance director David Thomas acquired a 0.0026% stake at GBP1.12 (USD1.83/EUR1.24) per share.
Status: Closed
- FORMATION GROUP SELLS UNITS FWS, FAM
UK management service provider Formation Group (LON:FRM) said it has sold the assets of its wealth management subsidiaries Formation Wealth Solutions (FWS) and Formation Asset Management (FAM).
Status: Closed
- ORIENTAL LAND IN TALKS TO SELL DISNEY STORE OPS TO WALT DISNEY JAPAN
Japanese theme parks operator Oriental Land (TYO:4661) said it has started discussions with Walt Disney Japan, a unit of US entertainment group The Walt Dinesy Co (NYSE:DIS), to sell its Disney Store business in the country to the latter.
Status: Talks
- US BLACKROCK RAISES FIAT STAKE TO 2.744%
US investment manager BlackRock (NYSE:BLK) told Italian stock market regulator Consob it had increased its stake in Italy's carmaker Fiat (BIT:F) to 2.744%.
Status: Closed
- FIDELITY BOOSTS INTEREST IN ENAGAS TO 2.044%
Luxembourg-based asset manager Fidelity International has raised its shareholding in Spanish natural gas group Enagas (MCE:ENG) to 2.044% from 1.134% it held in July.
Status: Closed
- BA DENIES PLANS TO OFFLOAD OPENSKIES
UK's flag carrier British Airways (LON:BAY) said that it has no plans to sell parts or the entire of its OpenSkies subsidiary, which serves flights between Paris and New York.
Status: Denied
- SBERBANK CAPITAL MAY TAKE OVER VESTER RETAIL CHAIN
Sberbank Capital LLC, an investment unit of Russian bank Sberbank (RTC:SBER), has completed due diligence on the acquisition of control in home retail chain Vester,
Status: Talks; Speculation
- EQT V, GIC BUY GERMAN SPRINGER
Private equity firms EQT V and GIC Special Investments announced an agreement to buy German academic publisher Springer Science + Business Media from UK private equity investors Candover (LON:CDI) and Cinven.
Status: Agreed
- ITALY'S SAVE CLOSES ACQUISITION OF 28% IN CHARLEROI AIRPORT
Venice's Marco Polo airport operator SAVE (BIT:SAVE) has wrapped up the acquisition of a 27.65% stake in Brussels South Charleroi Airport for EUR11.2m (USD16.5m) jointly with Belgium-based Holding Communal.
Status: Closed
- BRASKEM SAYS SEEKING TO BUY US ASSETS
Brazilian petrochemicals group Braskem (SAO:BRKM5) confirmed it is pursuing the acquisition of assets in the US, but stressed that no specific targets have been selected so far.
Status: Bidding
- FRANCE TELECOM GETS CLEARANCE TO TAKE OVER MOBINIL FOR EUR1.5BN
French telecomms major France Telecom (EPA:FTE) has got the go-ahead of the Egyptian stock market regulator to initiate a EUR1.48bn (USD2.18bn) bid for Egyptian Company for Mobile Services (CAI:EMOB), or Mobinil.
Status: Bidding
- CHINESE CDB WANTS KBC'S STAKE IN SLOVENIAN BANK NLB
China Development Bank, or CDB, is looking to take 30.6% of Nova Ljubljanska Banka, or NLB, Slovenia's largest bank, from Belgian banking and insurance group KBC (ERB:KBC).
Status: Speculation
- USMANOV'S CO EXCEEDS 26% IN ARSENAL
Red and White Holdings, the holding of Russian billionaire Alisher Usmanov, said it has raised its stake in UK's Premier League soccer club Arsenal to 26.07% without providing any financial details.
Status: Closed
- BELARUS TO SHED 93% OF BPS-BANK TO SBERBANK
The government of Belarus inked a deal to offload a 93.27% stake in local BPS-Bank to Russian banking giant Sberbank (RTC:SBER) for USD280.8m (EUR190.2m).
Status: Agreed
- INDIA'S SUZLON TO FULLY TAKE OVER GERMAN REPOWER
India's wind turbine generators maker Suzlon Energy (BOM:532667) is planning to buy out German sector player Repower Systems (ETR:RPW).
Status: Speculation
- WEBMEDIABRANDS BUYS SOCIAL TIMES
WebMediaBrands (NASDAQ:WEBM), which provides images, information, job boards and content for business, media and creative professionals, said it has acquired Social Times for an undisclosed sum.
Status: Closed
- EMERSON CLOSES TENDER OFFER FOR AVOCENT SUCCESSFULLY
US industrial group Emerson Electric (NYSE:EMR) said it has successfully completed its tender offer for the acquisition of IT firm Avocent (NASDAQ:AVCT) for USD1.2bn (EUR813m) in cash.
Status: Closed
- DUTCH HAL TO BOOST FD MEDIAGROEP STAKE
Dutch investor HAL Holding (AMS:HAL) said it will increase its stake in home publisher FD Mediagroep to more than 98%, buying the stake of media entrepreneur Willem Sijthoff in the company.
Status: Agreed
- CAZENOVE CAPITAL BUYS RIVAL THORNHILL TO SET FOOT IN SCOTLAND
UK asset manager Cazenove Capital Management has taken over home rival Thornhill in a move to enter the Scottish fund and wealth management sector.
Status: Closed
- ORASCOM TELECOM OPPOSES MOBINIL SALE TO FRANCE TELECOM
Egyptian mobile operator Orascom Telecom (CAI:ORTE) said it opposes the decision of the country's stock market regulator clearing the acquisition of Egyptian Company for Mobile Services (CAI:EMOB), or Mobinil, by France Telecom (EPA:FTE) for EUR1.48bn (USD2.18bn).
Status: Bidding
- SOITEC ACQUIRES 80% OF GERMAN PHOTOVOLTAIC CO CONCENTRIX SOLAR
France-based silicon wafers maker Soitec (EPA:SOI) announced it has bought an 80% interest in German concentrated photovoltaic (CPV) solar systems provider Concentrix Solar.
Status: Closed
- UNITED TECHNOLOGIES TO BUY 49.5% IN HOME TURBINE MAKER
US industrial group United Technologies Corp (NYSE:UTX) said yesterday it will buy a 49.5% stake in home wind turbine maker Clipper Windpower (LON:CWP).
Status: Agreed
- EURAZEO TO UNLOAD 1.62% IN DANONE
French investment company Eurazeo (EPA:RF) intends to offload a 1.62% stake in dairy group Danone (EPA:BN) for EUR455m (USD671.8m).
Status: Auction
- SOS SAYS NUEVA RUMASA SUBMITTED ACQUISITION BID
Spanish food group SOS Corporacion Alimentaria (MCE:SOS) confirmed it had received an acquisition approach from local holding company Nueva Rumasa.
Status: Bidding
- SINCLAIR PHARMA COMPLETES ACQUISITION FROM SOLVAY
UK's specialty drugs maker Sinclair Pharma (LON:SPH) announced it has finalised the acquisition of the Flammazine and Flammacerium product lines from Belgian chemicals and pharmaceuticals group Solvay (EBR:SOLB) for EUR17.5m (USD25.8m).
Status: Closed
- US SUPERIOR ENERGY OFFERS GBP96.5M FOR UK'S HALLIN MARINE
US oilfield services and equipment provider Superior Energy Services (NYSE:SPN) said it planned to buy UK subsea services provider Hallin Marine Subsea International (LON:HMS) for some GBP96.5m (USD157.5m/EUR107m) cash.
Status: Bidding
- ENBW SAYS WILLING TO DISPOSE OF GESO STAKE
German utility EnBW (ETR:EBK) said its supervisory board agreed in principle to sell its stake in gas supplier GESO Beteiligungs- und Beratungs-AG.
Status: Auction
- WHITBREAD IN TALKS TO TAKE OVER COFFEEHEAVEN
UK hotel, pub and restaurant operator Whitbread ( LON:WTB) is in advanced negotiations to buy coffee shop chain Coffeeheaven International (LON:COH).
Status: Talks
- BELARUS MAY SELL NAFTAN TO LUKOIL OR ANOTHER RUSSIAN CO
Belarus is planning to dispose of oil refinery Naftan in the near future to a Russian company, probably to oil major Lukoil (MCX:LKOH).
Status: Auction
- FAURECIA TO BOOST PRESENCE IN CHINA WITH STAKE IN XUYANG INDUSTRY
French car parts supplier Faurecia (EPA:EO) said it would acquire a minority but strategic stake in Chinese sector group Changchun Xuyang Industry, to reinforce their alliance and expand presence in China.
Status: Agreed
- DUTCH VASTNED RETAIL WRAPS UP DE PROMESSE ACQUISITION
Dutch real-estate firm VastNed Retail (AMS:VASTN) announced the completion of the acquisition of De Promesse shopping area in Lelystad for some EUR20m (USD29.5m).
Status: Closed
- GSK BIOLOGICALS TO BUY 5% IN AUSTRIAN VACCINE MAKER INTERCELL
GlaxoSmithKline Biologicals, the human vaccine research arm of UK pharmaceutical giant GlaxoSmithKline (LON:GSK), will take up to 5% in Austrian vaccine maker Intercell (WBAG:ICLL) under a co-operation agreement.
Status: Agreed
- SERBIAN HEMOFARM EYES GALENIKA
Serbian drug maker Hemofarm is considering the acquisition of the country's largest drug maker, Galenika (BEL:FITO), slated for privatisation.
Status: Bidding; Speculation
- NORWEGIAN TECO MARITIME SELLS UNIT IN UAE
Norwegian maritime services provider TECO Maritime (OSE:TECO) announced the sale of its UAE-based unit Teco Marine to the company's employees for AED1 (USD0.27/EUR0.19).
Status: Closed
- ITALY'S FERRERO MAY TARGET CADBURY ASSETS
Italian chocolate maker Ferrero may acquire individual assets from UK confectionery company Cadbury (LON:LON:CBRY).
Status: Speculation
- AMAZON NOT INTERESTED IN BUYS IN FRANCE
US online retailer Amazon (NASDAQ:AMZN) does not have plans to make any purchases in France or open stores on the high street, Xavier Garambois.
Status: Denied
- MONOTYPE IMAGING BUYS PLANETWEB FOR USD1.9M
US-based text imaging solutions provider Monotype Imaging Holdings (NASDAQ:TYPE) said it has bought Planetweb, a US provider of embedded user interface software and developer tools for the consumer electronics industry, to expand value to consumer electronics manufacturers and developers.
Status: Closed
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