February 18, 2008 / 10:25 AM / 11 years ago

UPDATE 1-Deals of the day -- mergers and acquisitions

(Adds Dalkia, 3i Infrastructure, Ericsson and others)

Feb 18 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1000 GMT on Monday.

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

** Singapore Airlines (SIAL.SI) said that its offer to buy a stake in China Eastern Airlines was still valid, but said it had no plans to revise its existing bid for the mainland carrier.

To read more, please double click on [nSP1534]

** South Korea’s Hana Financial Group said it may buy shares in Merrill Lynch MER.N from Singapore fund Temasek, in a move which would raise Hana’s global profile and spread Temasek’s risks from overseas deals. [nSIN18796]

** France’s Dalkia, a unit of Veolia Environment (VIE.PA) and EDF (EDF.PA), said it owned 97.9 percent of Polish energy group Praterm PRAT.WA after making a 142 million euro ($208.5 million) takeover offer. [nL18324592]

** British investment group 3i Infrastructure (3IN.L) said it is behind a takeover approach for UK wind-farm developer Novera NOEN.L. Earlier, Novera had said that it received a takeover approach that may lead to a cash offer at 90 pence a share, or 112 million pounds ($220.1 million). [nL18388680]

** U.S. investment bank Bear Stearns Co Inc BSC.N took its first step in Australia as its private equity arm agreed to buy Macquarie Private Capital Group MPG.AX for A$115.5 million ($105 million) in cash. [nSYD31352]

** Russian high-tech firm Sitronics SITRIq.L said it would pay $116.9 million to raise its stake in subsidiary Kvazar-Micro to 87 percent, and would later take full ownership of the IT firm. [nL18391899]

** Telecom equipment maker Ericsson (ERICb.ST) said it agreed to sell its PBX solutions business to Aastra Technologies AAH.TO for 650 million Swedish crowns ($102 million). [nSAT004968]

** China’s Huaxin Cement (600801.SS) said it raised 2.03 billion yuan ($282 million) by selling new shares to Holcim HOLN.VX, lifting the Swiss firm’s stake in it to 39.88 percent from 26.11 percent. [nSHA341578].

** Merger talks between United Airlines UAUA.O and Continental Airlines Inc (CAL.N) have picked up pace, but a deal still hinges on the outcome of discussions between Delta Air Lines (DAL.N) and Northwest Airlines Corp NWA.N, people briefed on the situation said. [nN15602689]

** British technology firm ClinPhone Plc CNP1.L said it had received a preliminary takeover approach from U.S. firm Parexel International PRXL.O, but had rejected the offer. [nL18355863]

** Packaging material maker Ess Dee Aluminium Ltd (ESDA.BO) said it plans to acquire majority stake in India Foils Ltd IFLS.BO, after helping revive the sick unit, to help boost capacity. [nBOM5460]

** French electrical goods distributor Rexel REXL.PA said it was buying an initial 73.5 percent stake in Chinese electrical supplies distributor Suzhou Xidian for an undisclosed amount. [nL18344854]

** An arm of Rosneft (ROSN.MM), Russia’s largest oil firm, has filed a legal claim against power producer TGK-11 TGKK.RTS, threatening to split the company, TGK-11 said in a statement. [nL18335997]

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