February 26, 2009 / 10:18 AM / 10 years ago

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

(Adds Mechel, Anheuser-Busch InBev, Barnes & Noble and others )

Feb 26 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1430 GMT on Thursday.

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

** Britain’s BG Plc BG.L has acquired a 29 percent stake in Australian coal seam gas producer Pure Energy Resources Ltd PES.AX, Pure said in a statement.

To read more, please double click on [ID:nSYU006099]

** Russian miner Mechel (MTL.N) has agreed to buy U.S. privately-owned Bluestone Coal Corp. for $425 million plus shares, having agreed to a $4 billion cash deal last year, a source familiar with the matter said. [ID:nLQ435071]

** Anheuser-Busch InBev INTB.BR is considering selling its Czech Staropramen brewery, the Hospodarske Noviny newspaper reported, citing unnamed sources. [ID:nLQ849047]

** Thailand’s fourth-largest lender Kasikornbank KBAN.BK said it would spend up to 7.24 billion baht ($202 million) to expand its life assurance business by taking a larger stake in a joint venture insurer. [ID:nBKK383586]

** Barnes & Noble Inc (BKS.N), the world’s largest bookseller, has sold its majority interest in Calendar Club for about $1 million in cash and $6 million in notes. [ID:nBNG434901]

** Spanish utility Gas Natural GAS.MC confirmed on Thursday it had exercised an option to buy 35 percent of utility Union Fenosa UNF.MC from building group ACS (ACS.MC) at 18.05 euros a share. [ID:nMDT006144]

** Security services group Securitas (SECUb.ST) said on Thursday it had agreed to buy the operational assets and commercial contracts of U.S. company Moore Security LLC for an undisclosed sum. [ID:nLQ861144]

** Children’s television producer Entertainment Rights Plc ERT.L said it was in advanced talks with bidders for the sale of its units or business and assets. [ID:nBNG488366]

** Australia’s Babcock & Brown Infrastructure Ltd BBI.AX said that it expected to settle the sale of its stake in New Zealand’s Powerco by the end of the day. [ID:nWLF001254]

** Officials from Indian gas firm GAIL (India) Ltd (GAIL.BO) and Oil and Natural Gas Corp (ONGC.BO) will meet on Thursday to discuss a 19 percent stake in ONGC’s planned petrochemical plant, GAIL’s chief said. “We are meeting with ONGC in the evening,” Chairman U.D. Choubey told reporters. [ID:nDEL002671] (Compiled by Tina Kwan in Singapore; R. Manikandan in Bangalore)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below