Jan 23 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1000 GMT on Friday.
(For Reuters columns on deals, click on [DEALTALK/]
** Pfizer Inc (PFE.N), the world’s largest drugmaker by revenue, is in talks to acquire rival Wyeth WYE.N in a deal that could be valued at more than $60 billion, the Wall Street Journal reported on its website.
To read more, please double-click on [ID:nBNG384507]
** French banks Credit Agricole (CAGR.PA) and Societe Generale (SOGN.PA) have agreed in principle to a possible merger of their asset management divisions, financial paper l’Agefi reported.[ID:nLN503883]
** Germany’s Siemens (SIEGn.DE) plans to dispose of its 34 percent stake in the nuclear power plant unit of France’s Areva CEPFi.PA, Les Echos reported. [ID:nLN624540]
** Spanish construction and services firm ACS (ACS.MC) has received four bids for its port assets, which could fetch between 1.2 and 1.4 billion euros ($1.56-$1.82 billion), Expansion reported. [ID:nLN639579]
** The European Bank of Reconstruction and Development [EBRD.UL] plans investments into Hungarian banks, focusing on OTP OTPB.BU, which does not have a foreign parent bank, the EBRD chairman told Nepszabadsag. [ID:nLN678408]
** French state-controlled Banque Postale could seal a liquidity deal with Dexia (DEXI.BR) in order to allow the Belgian-French financial services group to refinance itself on financial markets, French daily Les Echos reported.[ID:nLN608070]
** Hannover Re (HNRGn.DE) is buying a life insurance portfolio of ING Groep ING.AS from Scottish Re SKRRF.PK to become the fifth-biggest individual life reinsurer in the United States, the company said.[ID:nLN539023]
** Swiss department store Jelmoli JEL.S said it had settled litigation with Tivona in a deal that will see it pay 60 million Swiss francs ($52 million) and 80,000 shares to acquire a 55.5 percent stake in the real estate firm.[ID:nLN578706] (Compiled by Archana Shankar in Bangalore)