February 15, 2008 / 10:48 AM / 11 years ago

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

(Adds Enel, Nasdaq Stock Market, StatoilHydro and others)

Feb 15 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Friday.

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

** Axa Real Estate Investment Managers said it planned to invest around 6.3 billion euros ($9.25 billion) in 2008 as the credit crisis continued to flush out opportunities to buy discounted property.

To read more, please double click on [nL15850107]

** Italy’s biggest utility Enel (ENEI.MI) has taken a majority stake in Russian power producer OGK-5 OGKE.MM after offering to buy out minority shareholders, Enel said. The buyout cost it about 24.65 billion roubles ($1 billion). [nL1520544]

** The Nasdaq Stock Market (NDAQ.O) said it expects its $4.5 billion deal to acquire Nordic and Baltic stock exchange OMX OMX.ST, through a complex tie-up with Borse Dubai, will close on Feb. 27. [nN15545299]

** A unit of U.S. investment bank Morgan Stanley (MS.N) was named as a top bidder to buy South Korean appliance and television maker Daewoo Electronics, a leading creditor for Daewoo said. [nSEO341106]

** NYSE Euronext NYX.N, the parent of the New York Stock Exchange, has agreed to buy a 5 percent stake in India’s largest commodity bourse for $55 million, aiming to diversify and get a slice of the commodities boom in India. [nBOM307908]

** Spanish power company Union Fenosa UNF.MC said it has sold its 2.51 percent stake in France Telecom Espana, formerly known as Auna, for 197.34 million euros ($289.8 million). [nMDT004872]

** The main shareholder of Oversea-Chinese Banking Corp (OCBC.SI), Singapore’s third-largest lender, has raised its bid for commodities and property firm Straits Trading (STCM.SI), bettering an offer by the family of the bank’s late chairman. [nSIN297598]

** Switzerland’s Baloise BALN.VX and German mutual insurer Gothaer Versicherungsbank called off merger talks on Friday, bringing the Swiss company back into the frame as a takeover target. [nL15343936]

** Bank holding company F.N.B. Corp (FNB.N) agreed to acquire Iron & Glass Bancorp Inc IRGB.OB in a deal valued at about $86.1 million, to expand its presence in Pittsburgh. [nBNG296114]

** Belgium’s dominant telecom operator Belgacom BCOM.BR said it would acquire Scarlet NV, a communication service provider, for 185 million euros ($270.3 million) on a debt and cash free basis. [nL15607456]

** The Norwegian government is preparing to buy more shares in state-held oil and gas company StatoilHydro STL.OL in line with a plan to raise its stake to 67 percent from 62.5 percent, officials said. [nL15872322]

** Centrica Plc (CNA.L) has bought a 50-percent equity stake in gas fields held by Sojitz Energy Project Limited for $70 million (36 million pounds) in cash, Centrica said. [nL1522537]

** Indonesian state miner PT Aneka Tambang Tbk (Antam) (ANTM.JK) said it may buy up to 18.72 percent of PT Freeport Indonesia, the local unit of U.S. mining giant Freeport McMoRan Copper & Gold Inc (FCX.N). [nJAK298375]

** India’s Tata Capital and Japan’s Mizuho Securities Co Ltd have signed an initial deal to jointly offer financial services such as investment banking, private equity, broking and wealth management. [nBOM309329]

** Tennant Co (TNC.N), which makes outdoor cleaning products, said it agreed to acquire privately held Applied Sweepers, a maker of city street sweepers, for about $68 million. [nWNAS1257]

** Borse Dubai said it was extending the acceptance period for its agreed bid for OMX OMX.ST and expected to hold about 97.6 percent of shares in the Nordic bourse operator after exercising options. [nN15545299]

** UK wind farm developer and landfill gas project manager Novera Energy NOEN.L said it had received a takeover approach that may lead to a cash offer at 90 pence per share, sending its shares soaring 23 percent. [nL15859154]

** Packaging maker MeadWestvaco Corp MWV.N said its specialty chemicals unit has agreed to acquire Eastman Chemical Co’s (EMN.N) pine chemicals product lines. [nWNAS1258]

** Australian coal producer Resource Pacific Ltd RSP.AX moved towards accepting a A$1.08 billion ($973 million) bid from global miner Xstrata XTA.L, after saying talks with a third party on a rival bid had ended. [nSYD299790] (Compiled by Tina Kwan in Singapore, Bijoy Koyitty and Ratul Ray Chaudhuri in Bangalore)

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