March 6, 2008 / 10:56 AM / 11 years ago

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

(Adds Chelford Group and American Capital Strategies)

March 6 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Thursday. (For Reuters columns on deals, click on [DEALTALK/])

** Enel (ENEI.MI) holds 59.8 percent of Russian power generator OGK-5 OGKE.MM after a public buyout offer, paying 2.6 billion euros ($4 billion) for the stake, the Italian power company said.

To read more, please double click on [nL0614632]

** Australia’s Consolidated Media Holdings Ltd CMJ.AX said a partner in a planned A$3.3 billion ($3.1 billion) buyout of the firm had failed to secure funding, casting doubt on whether the deal will go ahead. [nSYD93184]

** Europe’s top paper and board maker Stora Enso Oyj (STERV.HE) has agreed to sell its paper merchant business to a private equity fund for about 640 million euros ($971.7 million), to focus on its production business. [nL06250305]

** UK-based oil explorer Afren Plc AFRE.L said it had agreed to buy Devon Energy Corp’s (DVN.N) oil interests in Cote d’Ivoire for $205 million. [nWLB8203]

** Clothing giant Hennes & Mauritz (HMb.ST) said it had agreed to buy 60 percent of Fabric Scandinavien, maker of a popular jeans brand in Sweden, for 564 million Swedish crowns ($91.5 million). [nL0623018]

** China Development Bank (CDB), a local partner of Barclays Plc (BARC.L), has won government approval to buy a domestic financial leasing firm, part of Beijing’s strategy to transform the lender into a commercial bank, a senior CDB executive said. [nPEK68611]

** Commercial Bank of Kuwait (CBKK.KW) (CBK) is seeking to buy 70 percent of Yemen Gulf Bank, al-Qabas newspaper quoted the Kuwaiti bank’s chief executive Jamal al-Mutawa as saying. [nL0626200]

** State-controlled Qatar National Bank (QNBK.QA) (QNB) took over the Qatar government’s 50 percent stake in Tunisian-Qatari Bank as part of a strategy to expand overseas and reduce its reliance on its home market. [nL06859079]

** JFE Holdings Inc (5411.T), the world’s third-biggest steelmaker, said it would spend about 34.9 billion yen ($336 million) to take control of a shipbuilding venture with Hitachi Zosen Corp (7004.T). [nT223779]

** Private equity firm Carlyle Group [CYL.UL] bought 30 properties in Finland for 216 million euros ($330.3 million) as it seeks to increase its exposure to high-yielding Nordic real estate markets. [nL06512911]

** Swiss bank UBS UBSN.VX said it bought a minority stake in research advisory firm Integrity Research Associates LLC, a deal that will let the bank offer clients access to more than 1,600 untraditional research providers worldwide. Terms were not disclosed. [nN06611699]

** An influential shareholder in TUI AG (TUIGn.DE) has demanded the company spin off its container shipping unit from its travel arm. [nL06101039]

** Vivartia VIVr.AT, Greece’s largest food group, said it signed a deal to buy U.S. biscuit and snacks producer Nonni’s for $320 million as part of its expansion plans. [nL0676716]

** Greek buyout firm Marfin Investment Group (MIG) (MRFr.AT) said it is taking a controlling stake in Croatian tourism group Sunce as part of its expansion plans. MIG will pay 155 million euros ($237 million) for a 75 percent stake in Sunce. [nL06381860]

** Power company PPL Corp (PPL.N) said it has signed an agreement to sell its natural gas distribution and its propane businesses to UGI Corp (UGI.N) unit UGI Utilities for about $268 million. [nWNAS3848]

** IEF Capital, a joint venture between Rabobank’s [RABN.UL] Bouwfonds Asset Management and Inflation Exchange Fund withdrew its 70 euro-per-share offer for property group VastNed Retail (VASN.AS). VastNed Retail had already rejected the offer last November saying it was too low. [nWEB7892]

** Analogic Corp ALOG.O said it agreed to acquire Copley Controls Corp, a supplier of gradient amplifiers for magnetic resonance imaging systems, for about $68.75 million. [nWNAS3736]

** Electronic trading operator MarketAxess Holdings Inc (MKTX.O) said it acquired Chicago-based Greenline Financial Technologies Inc for $42 million in cash and stock to broaden the range of technology services to offer to institutional financial markets. [nWNAS3754]

** Solarsoft said it agreed to buy Chelford Group PLC CHR.L. Under terms of the offer, Chelford shareholders will receive, for each Chelford share held, 215 pence in cash. Solarsoft said the offer price values Chelford at about 16.1 million pounds. [nWLB8265]

** Hain Celestial Group Inc (HAIN.O) said it acqired MaraNatha and SunSpire brands and their nut butter manufacturing facility in Ashland, Oregon from American Capital Strategies Ltd ACAS.O to strengthen its position in the nut butter category. [nWNAS3897]

** Dutch property group VastNed Retail (VASN.AS) said it had received a bid for the company in its entirety as well as for its property portfolios in the Netherlands, Belgium, Spain, Portugal and Turkey. [nWEB7887]

** South Korean builder Hyundai Engineering & Construction (000720.KS) is likely to go on sale this year, with completion targeted by the end of 2008, a main shareholder Korea Exchange Bank (KEB) said. [nSEO12960]

** Europe’s top court condemned Spain for defying a European Commission judgment on an energy firm takeover and warned Madrid it must obey Brussels’ rulings even when it thinks they are wrong. [nL06519366]

** Italy’s Enel (ENEI.MI) is offering Russian gas export monopoly Gazprom (GAZP.MM) a minority stake in an Italian power plant as reciprocity for gas supplies to OGK-5 OGKE.MM, Enel’s chief executive said. [nL06857542]

** South Korea’s Kyobo Securities Co Ltd (030610.KS) is a mulling rights offering, or combining with an outside partner to turn the broker Into a joint venture, its top shareholder said. [ID:nSEO253273]

** Telekom Malaysia Bhd (TLMM.KL), the country’s top phone company, said it plans to list its mobile phone business in the second quarter of this year, improving its ability to expand in Asia. [nKLR95834] (Compiled by Tina Kwan in Singapore, Ratul Ray Chaudhuri and Manish Gupta in Bangalore)

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