Deals of the day- Mergers and acquisitions

Wed, 22 Jan - 8:56pm

Jan 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Wednesday:

** Swedish steelmaker SSAB AB SSABa.ST has agreed to buy Finnish rival Rautaruukki Corp RTRKS.HE in an all-share deal worth 10.1 billion Swedish crowns ($1.6 billion) as weak demand forces Europe's smaller players to cut costs and deal with overcapacity. News Search ID:nL5N0KW0B0

** Singapore's DBS Group Holdings Ltd DBSM.SI is in advanced talks to buy Societe Generale's SOGN.PA Asian private bank, a deal that would help boost its private banking assets by almost a third, sources familiar with the matter said.

It was unclear how much Southeast Asia's biggest lender would be willing to pay for the bank, but previous estimates from financial sources have valued it at between $300 million and $400 million. News Search ID:nL3N0KW1ON

** Credit Agricole SA CAGR.PA said it had agreed to sell its Bulgarian division to Bulgarian bank Corporate Commercial Bank AD 6C9.BB for an undisclosed sum. News Search ID:nL5N0KW164

** A 23.5 percent stake in Russian truckmaker Kamaz OAO

KMAZ.MM may be sold to Russian buyers rather than its partner Daimler AG DAIGn.DE , because the German carmaker is not offering a high enough price, Kommersant newspaper reported.

News Search ID:nL2N0KW09D

** Canada's Saputo Inc SAP.TO said it has secured majority control of Australia's Warrnambool Cheese and Butter Factory Co Holdings Ltd WCB.AX , putting pressure on rival bidder Murray Goulburn Co-operative Co to concede defeat. Saputo said it had increased its shareholding in Australia's oldest dairy maker to 52.7 percent. News Search ID:nL3N0KV529

** The foundation that controls Italian bank Monte dei Paschi di Siena BMPS.MI has received no offer for its 33.5 stake in the lender from other Italian banking foundations, its head told Italian newspaper La Stampa. News Search ID:nL5N0KW0LP

** Filipino tycoon Lucio Tan's holding firm LT Group Inc

LTG.PS has increased its stake in Philippine National Bank

PNB.PS to 59.88 percent from 48.61 percent by subscribing to an ongoing stock rights offering, Malaya Business Insight reported on Tuesday. News Search ID:nL3N0KW02J

** The group of Filipino businessman Roberto Ongpin has increased its interest in Alphaland Corp ALPHA.PS to a majority stake following a capital call, thereby diluting the stake of British fund Ashmore, previously the single largest shareholder of the Philippine property firm, the Philippine Star reported. News Search ID:nL3N0KW01L

** BlackBerry Ltd BBRY.O BB.TO said on Tuesday that it intends to divest the majority of its real estate holdings in Canada as it seeks to bolster its balance sheet and turn around its fortunes.

($1 = 6.4952 Swedish crowns)

(Compiled by Shivani Mody in Bangalore)

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

Keywords: DEALS DAY/

URN: 
urn:newsml:reuters.com:20140122:nL3N0KW3CA:3
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