Deals of the day- Mergers and acquisitions

Sat, 11 Jan - 12:31am

(Adds Montagu, Vattenfall, America Latina Logistica; Updates Statoil)

Jan 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Friday:

** Satellite television company Dish Network Corp DISH.O has withdrawn its $2.2 billion bid to buy bankrupt wireless broadband company LightSquared Inc, throwing the future of LightSquared's valuable spectrum rights into further doubt.

News Search ID:nL2N0KJ19P

** Portugal has chosen Fosun International Ltd 0656.HK to buy the insurance arm of state bank Caixa Geral de Depositos SA

Href="NewsSearch">CGDES.UL for 1 billion euros ($1.36 billion), allowing the government to further exceed its privatization revenue goal.

News Search ID:nL6N0KJ3DF

** British cinema operator Cineworld Group CINE.L said it would buy Poland-based Cinema City International's CCI.WA movie theater business to create the second-largest cinema chain in Europe. Cineworld said it would pay Cinema City 272 million pounds ($448 million) in cash and the Polish company will hold 24.9 percent of Cineworld's shares upon the completion of the deal News Search ID:nL3N0KK2QO

** French building materials group Lafarge SA LAFP.PA said it was selling five U.S. aggregates quarries and related assets for $320 million to Bluegrass Materials. News Search ID:nP6E7K900N

** Foreign exchange brokerage FXCM Inc FXCM.N said on Thursday that it was in talks to acquire assets of high-speed trader Infinium Capital Management in a deal that could allow the broker to expand into commodities and other markets.

News Search ID:nL2N0KJ234

** Chilean retailer Cencosud will invest less this year than in 2013 and shy away from purchases as it seeks to consolidate its Brazilian and Colombian operations and lower debt after an aggressive expansion in booming South America. News Search ID:nL2N0KJ214

** Canada's Saputo Inc SAP.TO extended its offer for Australia's Warrnambool Cheese and Butter Factory Holdings Co

WCB.AX on Friday, just hours before the bid deadline, ensuring the heated battle for the country's oldest dairy firm wages on.

News Search ID:nL3N0KJ5JM

** Marubeni Corp 8002.T has bought a Tokyo-area 100-megawatt (MW) gas power plant, the Japanese trading house said, as it looks to take advantage of major reforms in store for the nation's power sector. News Search ID:nL3N0KK0SL

** A U.S. federal court ruled against Bazaarvoice Inc's

BV.O $168.2 million acquisition of its main rival PowerReviews Inc, saying the deal could lead to one firm dominating the online product rating and review market, a court filing showed.

News Search ID:nL3N0KK1BS

** Norwegian energy firm Statoil ASA STL.OL is considering major acquisitions that would dilute the state's stake, Bloomberg reported, a move that would face an uphill battle in parliament as the minority government would need some opposition support. News Search ID:nL6N0KK0QW

** German medical software maker CompuGroup Medical

COPMa.DE said it acquired all the shares in French peer Imagine Group, without disclosing a purchase price.

News Search ID:nWEB00GJG

** Japan's top money manager, Nomura Asset Management, said it agreed to acquire the Taiwanese asset management arm of ING Groep ING.AS , a move that will make Nomura the first Japanese asset manager to start operations in Taiwan. Nomura Asset, a unit of Japan's top brokerage Nomura Holdings Inc 8604.T , will partner with an investment group led by Ashwin Mehta, former chief executive of Taiwan-based ING Securities Investment and Trust Co. News Search ID:nL3N0KK23G

** French bank Credit Agricole CAGR.PA is selling its banking operations in Belgium as part of a refocus on its core activities, Belgian business dailies L'Echo and De Tijd said.

News Search ID:nL6N0KK0ZE

** Montagu Private Equity has entered advanced talks with Rexam PLC REX.L to buy the bulk of the British beverage can maker's healthcare packaging unit, three people familiar with the transaction told Reuters. News Search ID:nL6N0KJ3VE

** Swedish state-owned utility Vattenfall Href="NewsSearch">VATN.UL said on Friday it was in discussions to sell its electricity grid and district heating business in Hamburg to the city authorities.

News Search ID:nWEB00GKT

** Brazil's federal government is working behind the scenes to encourage a takeover of America Latina Logistica SA

ALLL3.SA , the country's largest railroad operator, by a company that would invest in the nation's dilapidated rail network, daily o Estado de S. Paulo reported on Friday.

($1 = 0.74 euros)

($1 = 0.61 British pounds)

(Compiled by Sampad Patnaik in Bangalore)

((sampad.patnaik@thomsonreuters.com)(Within U.S. +1 646 223 8780, outside U.S. +91 80 6749 6378)(Reuters Messaging: sampad.patnaik.thomsonreuters.com@reuters.net))

Keywords: DEALS DAY/

URN: 
urn:newsml:reuters.com:20140110:nL3N0KK38L:2
Topics: 
HK EEU ENR DEAL1 TRAD RTRS DE FIN ITSE ENER STEE FOOD1 TIM US FOD AU RELX MRG BACT NL WEU LATAM TW EXPL JP INVB BR GB CMPNY CA LINS NO RRLF PUB BANK REP FR DPR FOBE INS COMA MUL EUROPE COEN OILI OILG BCST FINS EUROP BSUP WHO JARS NORD ASIA EMRG PL LEN HPRD FLM AFR SOFW CO BNK CL

Contact Us

Due to the security nature of our business, personal meetings are only by pre-arranged appointment.
Phone at any time on

1300 987 995

info@ausmint.com