(Adds Criteo, OPAP and Get)
Aug 29 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Friday:
** Norway's second-biggest cable operator Get expects to
receive binding offers from Denmark's TDC and two
private equity funds in a sale that could value Get at around
1.4 billion euros ($1.84 billion) including debt, sources
familiar with the situation said.
** French media reported that advertising group Publicis
Groupe SA was in talks to buy Paris-based online
advertising company Criteo SA. But late Friday, a
source close to Publicis told Reuters that the reports were
** Greece's OPAP, one of Europe's biggest betting
firms, has teamed up with a British fund manager to bid for the
country's horse race betting license, days after the
privatization agency scrapped a previous tender.
** Grupo Oi SA, Brazil's fourth-biggest wireless
carrier, is in talks to sell its 25 percent stake in Angola's
largest mobile-phone company Unitel SA for more than $2 billion
to other shareholders, Bloomberg reported, citing people
familiar with the matter.
** Fiat SpA signaled its merger with U.S. affiliate
Chrysler was on track on Friday as a tally of shareholders
suggested most had chosen not to exercise an option that could
derail the plan, a vital step in the Italian carmaker's
** Johnson & Johnson plans to seek a buyer for its
medical device maker business, Cordis Corp, The Wall Street
Journal reported, citing people familiar with the matter. The
sale could fetch between $1.5 billion and $2 billion, one of the
people told the Journal.
** China's Dalian Wanda group and Tencent Holdings Ltd
said they would set up a 5 billion yuan ($814 million)
e-commerce joint venture with Baidu Inc, as the firms
push into the high-growth e-commerce sector.
** Malaysia Airlines will slash nearly a third of
its 20,000 workforce and cut back its global route network as
part of a radical 6 billion ringgit ($1.9 billion) restructuring
following the devastating impact of two jetliner disasters. The
42-year-old company will be de-listed by the end of the
** Spain's Telefonica said it expected the purchase
of Vivendi SA's Brazilian broadband unit GVT to close
in mid-2015 and to deliver synergies of at least 4.7 billion
euros ($6.2 billion), net of integration costs.
** Australia said it will sell health insurer Medibank
Private in an initial public offering in December, in a deal
expected to fetch about A$4 billion ($3.74 billion) and make
2014 the country's biggest year of new listings.
** A consortium of German municipal utilities bought the
remaining 49 percent of power utility Steag from Evonik
Industries AG for about 570 million euros ($751
million), the companies said in a joint statement on Friday.
** Transtar Industries Inc, a U.S. distributor of
replacement car parts, is exploring a sale that it hopes could
value the company at as much as $1 billion, including debt,
according to people familiar with the matter.
** Swiss private bank Notenstein said it would buy the
client assets of Landesbank Baden-Wuerttemberg's Swiss wealth
management arm, in the continuing gradual consolidation of the
Swiss banking sector. A spokeswoman for Notenstein declined to
disclose the price of the deal.
** Zurich-based Credit Suisse was looking at
taking over smaller rival Julius Baer, worth nearly
$10 billion, as part of a number of options under consideration,
Swiss finance blog Inside Paradeplatz said, without citing
** Prestige Brands Holdings Inc, which markets
healthcare and cleaning products, has won U.S. antitrust
approval for its $750 million purchase of Insight
Pharmaceuticals Corp on condition that it divest a
motion-sickness drug, the Federal Trade Commission said.
** Authorities in Cyprus have extended Friday's deadline for
submission of non-binding expressions of interest in Cyprus
Airways until Sept. 3, aiming to give possible bidders
plenty of time to formulate their offers.
Companies which have said they might be interested in
bidding for the carrier include Ryanair, Europe's
largest budget airline, and Greece's Aegean Airlines.
** German investment group Haniel, which owns
about 30 percent in retailer Metro, has more than 1
billion euros ($1.32 billion) available for acquisitions
following the sale of its stake in drug distributor Celesio
to U.S.-based McKesson Corp.
** European private equity firm Bridgepoint has bought
British foreign exchange provider Moneycorp for 212 million
pounds ($351.8 million), the fund said on Friday.
** Taiwan's CTBC Financial Holding Co Ltd, one of
the island's largest financial groups, said on Friday its
insurance arm would take a stake in the insurance unit of
China's Agricultural Bank of China in a deal worth
1.71 billion yuan ($278 million).
** China's Tianshui Huatian Technology Co has
withdrawn from talks about a possible acquisition of Singapore
technology business STATS ChipPAC because of
unfavorable market conditions, it said on Friday.
** Malaysia's Felda Global Ventures Holdings Bhd,
the world's third-largest palm oil plantation operator, plans to
buy Asian Plantations Ltd for 628 million ringgit ($199
** Deutsche Telekom AG sees potential offers
which value its T-Mobile US Inc unit at $35 a share as
being substantially too low, a person familiar with the matter
said on Thursday, countering a report from Bloomberg.
** Thailand's PTT Global Chemical Pcl said its
wholly-owned unit bought an additional 34 percent stake in
French chemical maker Vencorex from Perstorp Holding AB
, raising its stake to 85 percent. It gave no details
about the value of the deal.
** Philippine lender Rizal Commercial Banking Corp
is in talks to sell a 20 percent stake to Taiwan's Cathay
Financial Holding Co, Rizal Bank's chief executive
said. Bloomberg had earlier reported that Cathay offered to buy
Rizal Bank shares at 64 pesos apiece.
** Britain's CSR has rebuffed an approach from
Microchip Technology, saying that the undisclosed price
proposed by Microchip was not enough if its U.S. rival wants to
bolster its role in the "Internet of Things" with the
chipmaker's radio technology.
** Cosan SA said it has no plans to acquire rival
cane mills and instead Brazil's largest producer of sugar and
ethanol will focus on cutting operational costs in a difficult
market that has weakened the sector.
** Mori Trust Co Ltd has bought a Tokyo wedding venue and
office complex from U.S. investment fund Lone Star for around
130 billion yen ($1.25 billion), a source with knowledge of the
($1 = 0.76 euro)
($1 = 6.15 yuan)
($1 = A$1.07)
($1 = 3.16 ringgit)
($1 = 103.69 yen)
(Compiled by Manya Venkatesh and Mridhula Raghavan in
- Mergers, Acquisitions & Takeovers
- Investment & Company Information
- private equity funds