February 5, 2008 / 10:28 AM / 11 years ago

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

(Adds Time Warner and SAP AG)

Feb 5 (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, click on [DEALTALK/])

** Kazakhmys Plc (KAZ.L) will pay $1.5 billion to acquire the biggest power plant in Central Asian state Kazakhstan as well as a nearby coal field, the Kazakh copper company said.

To read more, please double click on [nL05241514]

** Abu Dhabi Commercial Bank ADCB.AD> said it is looking to pay about $1.2 billion for a stake in Malaysia’s RHB Capital (RHBC.KL) to offer Islamic financial services in the Southeast Asian country. [nL05150013]

** Oman is considering the sale of up to 30 percent of Oman Telecommunications Co (Omantel) OTL.OM to a long-term investor by September, a government official said. [nL05498958]

** Time Warner Inc’s TWX.N AOL said it has purchased online affiliate marketing network buy.at as part of a strategy to bolster its Internet advertising operations. AOL did not disclose financial terms. [nN05328063]

** Germany’s SAP AG (SAPG.DE) said it had acquired 95.35 percent of Franco-American software maker Business Objects BOBJ.PABOBJ.O by the end of a second offer period. [nWEB4102]

** Russian miner and steel maker Mechel (MTL.N) has failed to win full control of coal subsidiary Elgaugol after a minority shareholder rejected an offer to buy it out, a spokesman for Mechel said. [nL05388626]

** AsiaPharm Group ASPH.SI, a Singapore-listed firm focused on the drugs sector in China, said private equity firm MBK Partners has offered to buy the company for S$357 million ($253 million). [nSIN147442]

** Kuwait’s logistics firm Agility (AGLT.KW) said it will set up a joint venture in Iraq’s Kurdistan region to invest in warehousing facilities for storage, transportation and customs clearance. [nL05464500]

** Swedish aluminium parts company Sapa, a partnership of Norway’s Orkla ASA (ORK.OL) and U.S. firm Alcoa (AA.N), has agreed to buy a Chinese company for an undisclosed sum to get a better foothold in China, Orkla said. [nL05211293]

** Flotek Industries Inc (FTK.N) said it agreed to acquire the assets of Teledrift Inc for about $95.2 million to expand its offering of proprietary higher margin downhole tools and increase its international sales presence. [nBNG181760]

** Television group Central European Media Enterprises (CETV.O) CETVsp.PR said it had agreed to buy out minority shareholders in its Ukraine Studio 1+1 to gain a 90 percent stake in the station and a right to buy the rest. [nL05584809]

** Coca-Cola Co (KO.N) said it reached an agreement to acquire a 40 percent stake in organic beverage maker Honest Tea Inc. [nN05439670]

** Malaysian property firm Landmarks Bhd (LMHS.KL) is buying out a firm that owns 338 hectares (835 acres) of land on Indonesia’s Bintan island for S$156.9 million ($111 million), Landmarks said. [nKLA007062]

** Swiss international financial institution ICB Financial Group Holdings AG ICB.L made the highest bid to buy 50.1 percent of Bangladesh’s troubled Oriental Bank Ltd at 3.50 billion taka ($51 million), a central bank official said. [nDHA156609]

** Credit rating agency CRISIL Ltd (CRSL.BO) said it has partnered with Equifax Inc (EFX.N) and Tata Capital Ltd to set up a credit information bureau in India and has sought regulatory permission. [nBOM170381] (Compiled by Tina Kwan in Singapore, Swagata Gupta and Bijoy Koyitty in Bangalore)

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