Deals of the day- Mergers and acquisitions

Tue, 25 Feb - 8:01pm

Feb 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:

** Malaysia's Petronas Href="NewsSearch">PETR.UL has agreed to sell a 25 percent stake in its Canadian shale gas assets to an Indian company and an Asian gas buyer, the state firm's Chief Executive Shamsul Azhar Abbas said on Tuesday. News Search ID:nL3N0LU113

** An alliance between Carlos Slim's America Movil AMXL.MX and the Austrian government to control Telekom Austria TELA.VI moved closer as Slim said he wanted to start formal talks and Austria said it was interested. News Search ID:nL6N0LU1B8

** Japan-based Line Corp denied a media report that it was in talks to sell a stake to SoftBank Corp 9984.T - a report that comes after big acquisitions of rival messaging app firms have fanned speculation that it too may be up for grabs.

News Search ID:nL3N0LU0NG

** Scania's SCVb.ST independent board committee said on Tuesday that it had begun evaluating Volkswagen's VOWG_p.DE bid for the remaining shares in the truck maker and advised shareholders to not take a final decision until all relevant information was available. News Search ID:nWEB00J23

** A consortium led by Swedish private equity firm EQT is in the final stage of talks to buy Australia's I-MED, the radiology group said on Tuesday, in a deal that could be worth more than A$400 million ($361 million). News Search ID:nL3N0LU1DI

** British investment manager St James's Place SJP.L Chief Executive David Bellamy said on Tuesday the company was at an advanced stage in buying Henley Group, an advisory business with around 400 million pounds ($665 million) under management and 4,000 expatriate clients in Hong Kong, Singapore and Shanghai.

News Search ID:nL6N0LU11X

** The sale of Vivendi's VIV.PA stake in Maroc Telecom to United Arab Emirates operator Etisalat ETEL.AD is set to be completed in the coming weeks, Vivendi's chief financial officer said on Tuesday. News Search ID:nWEB00J2G

** Finland's state investment fund Solidium Href="NewsSearch">SLDUM.UL said on Tuesday it had sold 2.3 percent of shares in Sampo SAMAS.HE for 35.65 euros per share. Solidium, which now owns 11.9 percent of the Finnish insurance and investment group, said it had raised 450 million euros ($618 million) from the sale.

News Search ID:nWEB00J39

** Japanese brokerage Daiwa Securities Group Inc 8601.T said on Tuesday it had agreed in principle to an alliance with Australia and New Zealand Banking Group Ltd ANZ.AX in the business of advising on mergers and acquisitions.

($1 = 1.11 Australian dollars)

($1 = 0.60 British pounds)

($1 = 0.73 euros)

(Compiled by Shubhankar Chakravorty in Bangalore)

((shubhankar.c@thomsonreuters.com)(within U.S. +1 646 223 8780; outside U.S. +91 80 6749 3428)(Reuters Messaging:)(shubhankar.c.thomsonreuters.com@reuters.net))

Keywords: DEALS DAY/

URN: 
urn:newsml:reuters.com:20140225:nL3N0LU2NX:3
Topics: 
HEDGE HK MEAST PART DEAL1 RTRS PHON DE TECH FIN AT MX US CARM MY WLES HMAC AU MRG BACT AE WEU AUT DRIL STK LATAM EXPL JP INVB INVD GB CMPNY INVM FINE1 LINS REP RCAR BANK FR GBE INS TEL MUL EUROPE FI OILI OILG SE FINS EUROP FUND ASIA PINS PVE NORD LEN INVS REFI INVT BNK MAC TCOM

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