January 29, 2008 / 10:09 AM / 11 years ago

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

(Adds TeliaSonera, Stead and Simpson, Calpine and Abertis)

Jan 29 (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/])

** Britain ordered BSkyB BSY.L to reduce its 17.9 percent stake in broadcaster ITV to below 7.5 percent because the purchase was anti-competitive, potentially costing the company around 250 million pounds.

To read more, please double click on [nL29501367]

** Bahrain-based Arcapita Bank said it had bought a Texas power plant for $695 million, its biggest U.S. acquisition to date. [nL29443170]

** China’s CDC Corp CHINA.O said its unit, CDC Software, bought the remaining 49 percent of a subsidiary, Industri-Matematik International Corp from Symphony Technology Group. [nWNAS8174]

** Ping An Group said it is launching China’s third money-broking joint venture with Switzerland’s Compagnie Financiere Tradition. [nPEK101580]

** Greek drybulk carrier Excel Maritime Carriers Ltd EXM.N said it will buy Quintana Maritime Ltd QMAR.O in a cash-and-stock deal, a move that strengthens Excel’s fleet and client base. [nBNG188480]

** Shares in South Korea’s Kookmin Bank 060000.KS rose more than 2 percent after a local report said it is buying up to half of Kazakhstan’s No. 6 bank, CenterCredit CCBN.KZ, for 1 trillion won ($1 billion). [nSEO94480]

** Bankrupt U.S. power company Calpine Corp CPNLQ.PK said it plans to sell its partially completed power plant in Fremont, Ohio to FirstEnergy Generation Corp for $253.6 million. [nWNAS8235]

** Ventas Inc (VTR.N) said it agreed to sell 3.9 million shares of its common stock to UBS Investment Bank, for total proceeds of about $168.6 million. [nWNAS8226]

** Canadian cheese maker Saputo Inc (SAP.TO) said it will buy Wisconsin-based Alto Dairy Cooperative in a $160 million deal expected to close in March. [nN29220934]

** TeliaSonera TLSN.ST said it had bought an extra stake in a company in Georgia while selling part of a wholly owned operation in Uzbekistan.

The firm, the Nordic region’s biggest telecom operator, said in a statement its majority owned Fintur Holdings unit was buying an additional 14.3 percent in Georgian firm Geocell, taking its overall stake in the firm to 97.5 percent. [nSAT004872]

Ailing British shoe retailer Stead and Simpson, and its assets, will be sold to a new company backed by rival Shoe Zone Group for an undisclosed price, said company administrators PricewaterhouseCoopers. [nLA787909]

** Industrial and Commercial Bank of China (1398.HK) (601398.SS) said it had completed the acquisition of 80 percent of Macau’s Seng Heng Bank, giving it a foothold in the booming gaming territory. [nHKG106582]

** Malaysian firm Asia Brands Corp AURY.KL has received a revised second offer from Everest Empayar Sdn Bhd for Asia Brands shares that it does not already own at 1.80 ringgit ($0.556) a share. [nWNA7201]

** Indorama Polymers PCL IRP.BK, Thailand’s top polyethylene terephthalate polymers maker, said major shareholder Beacon Global Ltd would buy up to 93 percent of Tuntex PCL TUN.BK for 2.3 billion baht ($70 million). [nBKK134452]

** British soap and home products maker PZ Cussons Plc (PZC.L) said it had acquired the Sanctuary Spa in London’s Covent Garden as it unveiled an 8 percent rise in first-half profits. [nL29579342]

** Spanish infrastructure group Abertis ABE.MC said it saw no possibility of merging with Italy’s Atlantia (ATL.MI) and would sell its stake in Atlantia’s main shareholder Schemaventotto. [nMDT004810] (Compiled by Tina Kwan in Singapore, Bijoy Koyitty and Nachiket Kelkar in Bangalore)

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