February 17, 2009 / 10:27 AM / 10 years ago

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

(Adds Sava Re, Raven Russia others; Updates Enel SpA)

Feb 17 (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, double-click [DEALTALK/] )

** Italian power company Enel SpA (ENEI.MI) has not reached a decision yet on the possible purchase of a 25 percent stake in Spain’s Endesa (ELE.MC) held by Spanish conglomerate Acciona, Enel said.

To read more, double-click on [ID:nLH350770]

** British property firm Raven Russia Ltd RUS.L said it agreed to buy property developer Raven Mount Group Plc (RAV.L) for 57 million pounds to strengthen its financial position amidst the global credit crisis. [ID:nLH121854]

** Slovenia’s largest reinsurer Sava Re (POSR.LJ) is set to buy two small insurers in Croatia by the end of March as part of its expansion in the Western Balkans, it said in a statement. [ID:nLH17068]

** Vale VALE5.SA, Xstrata XTA.L and Rio Tinto (RIO.L)(RIO.AX) are among the companies that have submitted proposals to develop Mongolia’s prized $2 billion Tavan Tolgoi coal mine, according to two sources with direct knowledge of the matter. [ID:nSP228674]

** John Malone’s Liberty Media Corp LINTA.O has agreed to lend $530 million to Sirius XM Radio Inc (SIRI.O) in exchange for a 40 percent equity stake, saving the satellite radio provider from possible bankruptcy and sending its shares up 100 percent. [ID:nN17352330]

** Germany’s government is trying to take a controlling stake in stricken lender Hypo Real Estate HRXG.DE in the smoothest possible way and will not let it go bankrupt, Chancellor Angela Merkel said. [ID:nBAT002699]

** Italy’s biggest insurer, Assicurazioni Generali (GASI.MI), is studying incorporating Alleanza ALZI.MI, the 4.6 billion euro ($5.82 billion) unit in which it already holds some 50 percent, the companies said [ID:nLH557847]

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