UPDATE 3-Deals of the day -- mergers and acquisitions
(Adds Sava Re, Raven Russia others; Updates Enel SpA)
Feb 17 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Tuesday.
(For Reuters columns on deals, double-click [DEALTALK/] )
** Italian power company Enel SpA (ENEI.MI: Cotización) has not reached a decision yet on the possible purchase of a 25 percent stake in Spain's Endesa (ELE.MC: Cotización) held by Spanish conglomerate Acciona, Enel said.
To read more, double-click on [ID:nLH350770]
** British property firm Raven Russia Ltd (RUS.L: Cotización) said it agreed to buy property developer Raven Mount Group Plc RAV.L for 57 million pounds to strengthen its financial position amidst the global credit crisis. [ID:nLH121854]
** Slovenia's largest reinsurer Sava Re (POSR.LJ: Cotización) is set to buy two small insurers in Croatia by the end of March as part of its expansion in the Western Balkans, it said in a statement. [ID:nLH17068]
** Vale (VALE5.SA: Cotización), Xstrata XTA.L and Rio Tinto (RIO.L: Cotización)(RIO.AX: Cotización) are among the companies that have submitted proposals to develop Mongolia's prized $2 billion Tavan Tolgoi coal mine, according to two sources with direct knowledge of the matter. [ID:nSP228674]
** John Malone's Liberty Media Corp LINTA.O has agreed to lend $530 million to Sirius XM Radio Inc (SIRI.O: Cotización) in exchange for a 40 percent equity stake, saving the satellite radio provider from possible bankruptcy and sending its shares up 100 percent. [ID:nN17352330]
** Germany's government is trying to take a controlling stake in stricken lender Hypo Real Estate HRXG.DE in the smoothest possible way and will not let it go bankrupt, Chancellor Angela Merkel said. [ID:nBAT002699]
** Italy's biggest insurer, Assicurazioni Generali (GASI.MI: Cotización), is studying incorporating Alleanza ALZI.MI, the 4.6 billion euro ($5.82 billion) unit in which it already holds some 50 percent, the companies said [ID:nLH557847]
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