Deals of the day-Mergers and acquisitions

Tue, 28 Jan - 9:00pm

Jan 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Tuesday:

** Raiffeisen Zentralbank's Href="NewsSearch">RZB.UL stake in Raiffeisen Bank International RBIV.VI will fall to 64 percent from nearly 79 percent after the first tranche of RBI's capital increase, RBI said. Unlisted RZB bought 750 million euros ($1.03 billion) worth of shares in last week's initial $3.8 billion share sale.

News Search ID:nWEB00H8Z

** Canada's Bank of Montreal BMO.TO has reached a deal to buy UK-based F&C Asset Management Plc FCAM.L for 708 million pounds ($1.2 billion) just a day after first announcing an offer, saying the move would help expand its wealth management arm. News Search ID:nL5N0L211E

** Taiwan's CTBC Financial Holding Co Ltd 2891.TW plans to acquire a unit of China's CITIC Bank 601998.SS for T$20 billion ($668 million) and CITIC Bank will buy a 5 percent stake in the Taiwanese firm a newspaper reported. News Search ID:nL3N0L203P

** Czech utility CEZ CEZP.PR announced an offering of around 450 million euros worth of guaranteed bonds due in 2017 and exchangeable for shares in Hungarian oil and gas group MOL

MOLB.BU . News Search ID:nL5N0L20QU

** Israel Discount Bank Ltd DSCT.TA said it had decided not to accept any of the proposals submitted for the acquisition of its holdings in U.S. unit Discount Bankcorp Href="NewsSearch">DSCTN.UL , the parent company of IDB New York. News Search ID:nL5N0L2140

** SCANA Corp's SCG.N utility unit on Monday agreed to increase its ownership stake to 60 percent in two new nuclear units under construction in South Carolina, purchasing a 5 percent state from Santee Cooper, its public power partner, for $500 million. News Search ID:nL2N0L201E

** Sotrem, a small Canadian aluminum producer, is in talks to take over Rio Tinto Alcan's RIO.L RIO.AX aluminum casthouse in Shawinigan, Quebec, rescuing the plant from closure at the end of this year, the fund's project leader told Reuters on Monday. News Search ID:nL2N0L1214

** Canadian boutique investment dealer Edgecrest Capital Holdings has bought rival Stonecap Securities, Edgecrest said on Monday, in a deal that will add client accounts and speed Edgecrest's expansion into the United States.

($1 = 0.7313 euros)

($1 = 0.6034 British pounds)

(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:20140128:nL3N0L237K:2
Topics: 
ELEU EEU INDS MEAST UTIL ENR HU METL INDM DEAL1 RTRS GDM INDG BMAT FIN MEMI ENER AT US IL ALU AU CYCS COM AUTO MRG BACT AUT WEU MTAL TW ELG EZC GB INVM CMPNY BASMTL CA PREC MINE BANK REP MACH MIN MUL ALUM EUROPE CZ OILG FINS MET EUROP ASIA EMRG BISV LEN REFI INVS BSVC BNK CN

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