UPDATE 2-Deals of the day -- mergers and acquisitions

miércoles 11 de marzo de 2009 14:51 CET
 

(Adds Renault, Philips Electronics, CEZ and others)

March 11 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1330 GMT on Wednesday.

(For Reuters columns on deals, click on [DEALTALK/]

** Shares in French carmakers Renault (RENA.PA: Cotización) and PSA Peugeot Citroen (PEUP.PA: Cotización) rose sharply on Wednesday on market talk of a merger between the groups, traders said, as Renault denied the rumour.

To read more, please double click on [ID:nLB295814]

** Philips Electronics (PHG.AS: Cotización) is selling its stake in Korea's LG Display (034220.KS: Cotización), sources close to the matter said on Wednesday, lifting the Dutch company's shares by as much as 5 percent. [ID:nLB936855]

** Czech power group CEZ CEZPsp.PR has signed a deal with Albania's government to buy a 76 percent stake in the Balkan country's power distributor DSO, a regulatory filing showed on Wednesday. [ID:nLB247072]

** BP Alternative Energy Plc (BP.L: Cotización) has bought a minority stake in Swiss-based South Pole Carbon Asset Development Ltd, the clean energy project developer said on Wednesday. [ID:nLB652007]

** Banco Popolare (BAPO.MI: Cotización) "denies categorically" market rumours that it plans to sell its 87 percent stake in Credito Bergamasco CBGI.MI, a Banco Popolare spokesman said on Wednesday. [ID:nMAT009277]   Continuación...