November 28, 2008 / 3:03 PM / 10 years ago

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

(Adds Calyon, Belgacom and others)

Nov 28 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, North American and Asian companies were reported by 1830 GMT on Friday.

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

** Britain bought a 58 percent stake in Royal Bank of Scotland (RBS.L) as the state picked up 15 billion pounds ($23 billion) of shares in the lender after investors shunned a rescue plan.

To read more, please double click on [ID:nLS224525]

** Britain’s government bought a majority stake in one of the country’s biggest banks and Germany’s Commerzbank (CBKG.DE) accelerated its takeover of a rival as the shake-up of European banks gathered pace with help from taxpayers and shareholders. [ID:nLS291061]

** Australian wheat exporter AWB Ltd AWB.AX said it is in merger talks with rival ABB Grain Ltd ABB.AX, with a deal likely to create the nation’s largest wheat and barley exporter with a market value of over $1.4 billion. [ID:nSYD126535]

** Belgian Prime Minister Yves Leterme said that a serious candidate had emerged to buy the Luxembourg arm of troubled Icelandic bank Kaupthing KAUP.IC, with a decision due in a week. [ID:nLS698573]

** Aurum Mining Plc AURU.L said it rejected proposals from potential business partners and buyers and was seeking authority to cancel its share premium account, which would enable a future return of cash to shareholders, sending its shares up 6 percent in early trade. [ID:nBNG366464]

** Credit Agricole SA (CAGR.PA) could aim for a majority stake in Caceis, the financial asset custody unit it jointly owns with Natixis (CNAT.PA), but would not exceed the 60 percent threshold, La Tribune reported. [ID:nLS456475]

** U.S. aluminium giant Alcoa Inc (AA.N) is not actively seeking to raise its stake in miner Rio Tinto Ltd (RIO.AX) (RIO.L) despite plans by its ally, Chinalco, to up its Rio holding. [ID:nSYD257342]

** Indonesian private equity firm Northstar Pacific said it will take over a “significant” portion of Bakrie & Brothers’ $1.2 billion of debt and is in talks to convert that into shares in Bakrie’s coal firm, Bumi Resources. [ID:nJAK400971]

** Axis Intermodal Plc AXIT.L said it would go private as the transport equipment contract firm planned to save costs amid uncertain credit market and it was unable to expand its fleets, sending its shares down as much as 80 percent to an all-time low. [ID:nBNG242379]

** SolarWorld is still “seriously interested” in acquiring the German unit of General Motors, Adam Opel, and has received favourable reactions from inside the firm in Germany, SolarWorld’s chief executive said. [ID:nWEA7316]

** Belgian telecom operator Belgacom BCOM.BR said it had completed its takeover of “no-frills” broadband provider Scarlet for 175 million euros ($226.4 million), 10 million lower than originally planned. [ID:nLS576349]

** Enel SpA (ENEI.MI) has started the process to sell a majority stake in its gas distribution network, a source close to the matter said. [ID:nLS655342]

** Calyon Credit Agricole (CAGR.PA) said that the Bank of Spain has extended the term of its authorisation for the French bank to exceed a 25 percent shareholding in Bankinter (BKT.MC) until May, 2009. [ID:nLS673430]

** UK insurer Friends Provident Plc FP.L said it agreed to take a 30 percent stake in Malaysia’s AmLife Insurance Berhad business for 30 million pounds ($46.27 million) in cash to expand its business. [ID:nBNG396171]

** The Bank of Italy has cleared Banca Popolare di Milano PMII.MI to acquire asset manager Anima SGR ANM.MI, the Milan cooperative bank said in a statement. [ID:nL0672231] (Compiled by Amiteshwar Singh and Anand Basu in Bangalore)

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