Deals of the day- Mergers and acquisitions

Tue, 25 Mar - 6:00am

(Adds Royal Bank of Scotland, Bank of Cyprus, Caixabank, La Redoute, CoreLogic)

March 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Nokia NOK1V.HE does not expect to close the sale of its phone business to Microsoft MSFT.O until April as talks with Asian regulators drag on, the Finnish company said, fuelling speculation it may have to make more concessions to get the deal done. News Search ID:nL5N0ML0XM

** Royal Bank of Scotland RBS.L has held preliminary talks to sell its U.S. retail business Citizens to Japan's second-largest bank, Sumitomo Mitsui 8316.T , the Wall Street Journal reported on Monday, citing people familiar with the discussions. News Search ID:nWLB007SB

** The Canada Pension Plan Investment Board said it had acquired an additional 23.6 percent stake in Transportadora de Gas del Peru from Tecpetrol International SA and would become the Peruvian pipeline company's largest shareholder.

News Search ID:nL1N0ML0G3

** Palo Alto Networks Inc PANW.N , which makes firewalls to protect companies from cyber attacks, said it would buy a tiny Israeli security firm, Cyvera, for about $200 million in a move that some analysts expect will crimp profits over the next few years. News Search ID:nL4N0ML2V1

** Britain's Takeover Panel has granted Dixons Retail

DXNS.L and Carphone Warehouse CPW.L an eight-week extension to their negotiations for a possible merger. News Search ID:nWLB007RY

** German car rental firm Sixt SIXG.DE is not currently in merger talks with peer Europcar, Chief Executive Erich Sixt said at the group's annual press conference on Monday. News Search ID:nWEB00KN2

** Debt-laden Jaiprakash Asssociates Ltd JAIA.NS said it agreed to sell its 74 percent stake in Bokaro Jaypee Cement to Dalmia Cement (Bharat) Ltd for 6.90 billion rupees ($113.04 million). News Search ID:nL5N0ML2IT

** Finnish utility Fortum FUM1V.HE said on Monday it would book a 1.8-1.9 billion euro gain as it has completed the sale of its Finnish power distribution grid. News Search ID:nWEB00KNR

** Ailing German airline Air Berlin AB1.DE , almost 30 percent owned by Abu Dhabi-based Etihad Airways, will be delisted and Etihad will raise its stake to 49.9 percent, a German weekly reported, possibly as a prelude to combining it with Alitalia. News Search ID:nL6N0MJ05Y

** Japanese system integrator NEC Corp 6701.T said on Monday it would buy A123 Systems' battery systems integration business from China's Wanxiang Group for about $100 million.

News Search ID:nT9N0MD008

** AGL Energy Ltd AGK.AX , on Monday, took legal steps in hope of getting the go-ahead to pursue a A$1.5 billion ($1.36 billion) acquisition of power supplier Macquarie Generation after its plans were scuttled by Australian competition regulators despite submitting the highest offer. News Search ID:nL4N0ML1FV

** Bahrain's Khaleeji Commercial Bank KHCB.BH and unlisted Bank Al Khair have dropped their plan to merge after failing to agree on terms, Khaleeji said in a bourse statement on Monday.

News Search ID:nL5N0ML0TJ

** British life insurance and pensions group Standard Life

SL.L has announced it is in "exclusive and advanced" talks to buy rival Phoenix Group Holdings' PHNX.L Ignis Asset Management. News Search ID:nL4N0MK07W

** Hutchison Whampoa 0013.HK shares fell on Monday after a $5.7 billion deal to sell a stake in its health and beauty retailer to Singapore state investor Temasek Holdings Href="NewsSearch">TEM.UL disappointed investors hoping for a higher valuation.

News Search ID:nL4N0ML0NS

** China's Yanzhou Coal Mining Company Ltd 600188.SS has decided to walk away from a privatization offer to buy the 22 percent of Yancoal Australia Ltd YAL.AX it does not already own, Yancoal said in a statement on Monday. News Search ID:nL4N0ML0SZ

** S-Oil 010950.KS said on Monday it halted talks to acquire a stake in Australia's United Petroleum after failing to reach an agreement with the petrol and convenience store retailer. News Search ID:nL4N0ML1MA

** Private equity firms Advent International and Bain Capital, along with Danish pension fund ATP, agreed on Monday to buy payment services company Nets Holding from a group of Nordic banks for 17 billion Danish crowns ($3.14 billion), Nets said in a statement. News Search ID:nL5N0ML1BJ

** L'Oreal OREP.PA said on Monday it had signed the share purchase agreement selling to Nestle NESN.VX its holding in dermatology joint venture Galderma, a key step to completing its deal to buy back shares from the Swiss food giant.

News Search ID:nWEB00KMF

** State-run oil giant China Petroleum and Chemical Corp (Sinopec Corp) 0386.HK aims to wrap up the sale of up to 30 percent of its sprawling marketing buiness in the third quarter of this year, a restructuring analysts say could raise $10-$20 billion. News Search ID:nL4N0ML211

** Bank of Cyprus's BOC.CY 225 million euro ($310.13 million) sale of its Ukrainian bank is on track to happen within weeks, Chief Executive John Hourican said in an interview on Monday. The bank announced on January 31 that its Ukrainian operations would be sold to Russia's Alfa Group. Since then tensions have flared between Ukraine and Russia over Moscow's seizure of Crimea. News Search ID:nL5N0ML2E9

** The CFDT trade union announced on Monday it would back the restructuring plan put forward by loss-making French mail order group La Redoute, a move that may allow a buyout from owner Kering PRTP.PA to go ahead. News Search ID:nP6E7K902L

** Spain's third-biggest bank, Caixabank CABK.MC , is looking to sell a 1.1 billion-euro ($1.52 billion) package of troubled, small company debts to investors as Spanish banks step up their clear-out of problem loans, a source with knowledge of the transaction said on Monday. The portfolio is being marketed to Spanish and international funds, the source said.

News Search ID:nL5N0ML3GI

** U.S. antitrust authorities have put conditions on CoreLogic Inc's CLGX.N proposed $661 million buy of DataQuick Information Systems after assessing that the deal would limit competition in the market for certain bulk real estate data.

($1 = 5.44 Danish Crowns)

($1 = 1.10 Australian Dollars)

($1 = 61.04 Indian Rupees)

($1 = 0.73 Euros)

(Compiled by Neha Dimri and Sampad Patnaik in Bangalore)

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

Keywords: DEALS DAY/

URN: 
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