March 11, 2009 / 9:16 AM / 10 years ago

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

(Adds Renault, Philips Electronics, CEZ and others)

March 11 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1330 GMT on Wednesday.

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

** Shares in French carmakers Renault (RENA.PA) and PSA Peugeot Citroen (PEUP.PA) rose sharply on Wednesday on market talk of a merger between the groups, traders said, as Renault denied the rumour.

To read more, please double click on [ID:nLB295814]

** Philips Electronics (PHG.AS) is selling its stake in Korea’s LG Display (034220.KS), sources close to the matter said on Wednesday, lifting the Dutch company’s shares by as much as 5 percent. [ID:nLB936855]

** Czech power group CEZ CEZPsp.PR has signed a deal with Albania’s government to buy a 76 percent stake in the Balkan country’s power distributor DSO, a regulatory filing showed on Wednesday. [ID:nLB247072]

** BP Alternative Energy Plc (BP.L) has bought a minority stake in Swiss-based South Pole Carbon Asset Development Ltd, the clean energy project developer said on Wednesday. [ID:nLB652007]

** Banco Popolare BAPO.MI “denies categorically” market rumours that it plans to sell its 87 percent stake in Credito Bergamasco CBGI.MI, a Banco Popolare spokesman said on Wednesday. [ID:nMAT009277]

** British non-life insurer Novae Group Plc NVA.L said on Wednesday it ended merger talks with rival Chaucer Holdings Plc CHU.L as it was not possible to structure a transaction that would be in the interests of its shareholders. [ID:nBNG381749]

** Polish pay-TV operator Cyfrowy Polsat CPSM.WA will decide whether to take control of phone operator Sferia after due diligence, Cyfrowy said in a presentation on Wednesday.

Earlier on Wednesday the company said it agreed to buy 11 percent in Sferia for 53.4 million zlotys ($14.4 million), with an option to sell the stake to media mogul Zygmunt Solorz-Zak with a 5.5 percent bonus. [ID:nWSF006580]

** Capgemini (CAPP.PA), Europe’s largest computer consultancy, has no interest in buying a stake in India’s scandal-hit Satyam Computer Services SATY.BO, a spokesman said on Wednesday. [ID:nLB340093]

** Yanzhou Coal Mining’s (1171.HK) takeover talks with Australian coal miner Felix Resources FLX.AX have stalled on price disputes, two sources with direct knowledge of the situation said. [ID:nSP181765]

** The biggest shareholders of Slovenia’s leading food retailer Mercator (MELR.LJ) will only sell a total of 25 percent of the company rather than 48.34 percent announced earlier, daily Dnevnik said on Wednesday. [ID:nLB322669]

** Polish pay-TV operator Cyfrowy Polsat CPSM.WA will buy 11 percent in wireless phone operator Sferia for 53.4 million zlotys ($14.4 million), it said in a statement on Wednesday. [ID:nWAR008032] (Compiled by Tina Kwan in Singapore and Archana Shankar in Bangalore) ((; Reuters Messaging: +65 6870 3924))

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