Deals of the day- Mergers and acquisitions

Thu, 20 Mar - 11:25pm

(Adds Bilfinger, KPMG, PHN)

March 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:

** Russian steelmaker Magnitogorskiy metallurgicheskiy kombinat OAO MAGN.MM (MMK) hopes to sell its 5 pct share in Fortescue Metals Group Ltd FMG.AX by the end of the year, MMK said on Thursday. News Search ID:nL6N0MH1VU

** Talks between Austria and Carlos Slim's America Movil SAB de CV AMXL.MX on pooling their stakes in Telekom Austria AG

TELA.VI have hit snags over Austrian insistence on maintaining broad veto rights over some decisions, Kurier newspaper reported on Thursday. News Search ID:nL6N0MH1SQ

** The Italian government supports plans by Finmeccanica SpA

SIFI.MI to sell its transportation units and focus on its core aerospace and defense businesses, the finance and industries ministries said in a joint statement. News Search ID:nL6N0MH1SZ

** Retail-focused conglomerate China Resources Enterprise Ltd 0291.HK (CRE) expects government approval for its joint venture with British supermarket operator Tesco PLC TSCO.L to come through in May, CRE's chief financial officer said on Thursday. News Search ID:nH9N0M002Q

** Bilfinger GBFG.DE has around 800 million euros ($1.11 billion) left in its war chest for acquisitions, but has no plans to make any 'big bang' deals, the engineering and services company said on Thursday. News Search ID:nL6N0MH2EU

** Consultancy firm KPMG Href="NewsSearch">KPMG.UL called on Thursday for expressions of interest in buying 75.5 percent of Slovenia's main airport Aerodrom Ljubljana ARPO.LJ . Aerodrom has a market capitalisation of 75.6 million euros. News Search ID:nL6N0MH324

** The Polish treasury expects to receive an offer next month for its majority stake in real-estate holding company PHN

PHN.WA , as the ministry aims to privatise the company in the first half of this year, the deputy treasury minister said on Thursday. The treasury controls 73 percent of PHN, a stake that the market values at almost 1 billion zlotys ($331.33 million). News Search ID:nL6N0MH2GS

** China Huiyuan Juice Group Ltd 1886.HK will buy 117.7 million yuan ($18.99 million) worth of assets from Suntory (China) Holding Co Ltd as the Hong Kong-listed fruit and vegetable juice producer expands its product portfolio to tea and coffee drinks. News Search ID:nL3N0MH0PE

** Mayroy, the biggest shareholder in French pharmaceutical company Ipsen SA IPN.PA , announced on Wednesday the sale of a 7 percent stake in Ipsen via private placement, bringing its stake down to 57.6 percent. News Search ID:nL6N0MG5DM

** Loral Space & Communications Inc LORL.O , which holds a majority stake in Canadian satellite communications company Telesat Holdings Inc, has selected private equity firm Apax Partners LLP and two Canadian pension funds to negotiate a sale of Telesat, people familiar with the matter said.

News Search ID:nL2N0MG158

** French aerospace and defense supplier Zodiac Aerospace SA

ZODC.PA said on Wednesday it was ready to make new acquisitions after posting a 9.2 percent rise in revenue for the first six months of its financial year.

($1 = 6.1965 Chinese Yuan)

($1 = 0.7189 Euros)

($1 = 3.0181 Polish Zlotys)

(Compiled by Avik Das in Bangalore)

((avik.das@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 6749 1130)(Reuters Messaging: avik.das.thomsonreuters.com@reuters.net))

Keywords: DEALS DAY/

URN: 
urn:newsml:reuters.com:20140320:nL3N0MH2F2:5
Topics: 
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