UPDATE 3-Deals of the day -- mergers and acquisitions

viernes 27 de febrero de 2009 22:30 CET

** Russia's metals billionaires have shelved plans to create a national mining giant around Norilsk Nickel (GMKN.MM: Cotización) after the Kremlin opposed plans to absorb their billion-dollar debts in exchange for a stake in such a firm. [ID:nLR617748]

** Indonesian coal miner, PT Indika Energy Tbk (INDY.JK: Cotización) said it agreed to buy an 81.95 percent stake in engineering firm PT Petrosea Tbk (PTRO.JK: Cotización) from Clough International Singapore Pte Ltd for $83.8 million. [ID:nJAK427524]

** Nippon Oil Corp5001.T, Japan's biggest refiner, and smaller peer Nippon Mining Holdings Inc 5016.T said they would delay their planned merger by six months to April 2010 to give them time to clear U.S. regulatory hurdles. [ID:nT130760]

** Coal miner Caledon Resources Plc CDN.L said it has received an indicative approach "significantly in excess" of its current market price. [ID:nLR299353]

** UK-based NeutraHealth Plc NEHE.L said it received an unsolicited offer from India's Elder Pharmaceuticals (ELDP.BO: Cotización), at an indicative partial offer price of 5.5 pence per share. [ID:nBNG458149]

** U.S. private equity group KPS Capital Partners will buy the British and Irish businesses of Waterford Wedgwood, the luxury tableware maker's receiver said on Friday. [ID:nDUB000849]

** Italian bank Intesa Sanpaolo SpA (ISP.MI: Cotización) could sell its stakes in two units to Generali (GASI.MI: Cotización) in exchange for buying the insurer's 50 percent stake in their Intesa Vita joint venture, said a financial source. [ID:nLR517397]

** India's Reliance Industries Ltd (RELI.BO: Cotización) plans to buy Chevron Corp's (CVX.N: Cotización) 5 percent stake in Reliance Petroleum, a Reliance Industries spokesperson said on Friday. [ID:nN27542169] (Compiled by Tina Kwan in Singapore; R. Manikandan and Archana Shankar in Bangalore) ((tina.kwan@reuters.com; Reuters Messaging: tina.kwan.reuters.com@reuters.net +65 6870 3924))