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

martes 7 de octubre de 2008 21:54 CEST
 

(Adds Volkswagen, Groupe Caisse d'Epargne and others)

Oct 7 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Tuesday. (For Reuters columns on deals, click on [DEALTALK\] )

** Singapore state investor Temasek Holdings [TEM.UL] kicked off the sale of electricity generator PowerSeraya, in a deal that could fetch around $2.5 billion. To read more, please double click on [ID:nSIN4698]

** Porsche (PSHG_p.DE: Cotización) bought a small stake in Volkswagen AG (VOWG.DE: Cotización) in an off-bourse transaction on Tuesday in which it paid far less than peak prices during the session. [ID:nWEB8377]

** British military consumables maker Chemring Group Plc (CHG.L: Cotización) is buying a U.S. mine-detection systems company for an initial $30 million, to boost its explosive ordnance disposal (EOD) business. [ID:nL7704869]

** Commonwealth Bank of Australia (CBA.AX: Cotización) (CBA) said it has started exclusive talks with British bank HBOS HBOS.L about a potential takeover of BankWest, HBOS' Australian operation, estimated to be worth A$2 billion ($1.45 billion). [ID:nSYD33205]

** Italian power grid operator Terna (TRN.MI: Cotización) is nearing a 1.5 billion euro ($2.04 billion) offer for Enel's (ENEI.MI: Cotización) high-voltage network, sources close to the negotiations said. [ID:nRAT004110]

** British insurer Amlin Plc (AML.L: Cotización) agreed to buy French underwriting agency Anglo French Underwriters SAS (AFU) for an undisclosed cash sum to boost the expansion of its business in Europe. [ID:nBNG252899]

** Fletcher Building Ltd (FBU.NZ: Cotización), New Zealand's largest building products and construction company, said it would buy steel products company Fielders Australia Pty Ltd. [IDnWEL75644]   Continuación...