August 3, 2009 / 1:58 PM / 10 years ago

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

** Spain’s Corporacion Alba (ALB.MC) said it has sold a 2 percent stake in builder ACS (ACS.MC) for 235.3 million euros ($332.1 million). [ID:nMDT006609]

** Hicks Acquisition Co Inc TOH.A agreed to buy oil company Resolute Natural Resources Co for $582 million after abandoning its previously announced plans to buy Graham Packaging, the company said on Monday. [ID:nN03164122]

** Prospect Capital Corp (PSEC.O), a closed-end investment company, said it agreed to buy Patriot Capital Funding Inc PCAP.O for $197 million, including debt, in a stock and cash deal aimed at boosting its presence with the middle-market private equity sponsors. [ID:nBNG360686]

** South African industrial conglomerate Bidvest (BVTJ.J) said it is buying two East European food distribution businesses, Czech Republic’s Nowaco and Poland’s Farutex for an enterprise value of 250 million euros ($356.2 million) from funds affiliated with JP Morgan Partners. [ID:nL3588048]

** Saudi Cable Co 2110.SE said it has agreed to buy a 79-percent stake in Turkish electronic equipments maker Elimsan for 123.75 million riyals ($33 million). [ID:nL2469838]

** Celsis International Plc CIV1.L said it agreed to a 232.5 pence per share cash offer from Nastor Investments Ltd, valuing the British lifesciences-products and laboratory services company at 54.5 million pounds ($91.2 million). [ID:nBNG455617]

** Israeli food maker Osem Invstments OSEM.TA said it agreed to buy British kosher food distributor Yarden GB for at least 1.9 million pounds ($3.14 million) as part of its strategy to expand into England. [ID:nL297134] ** India’s Bharti Airtel and South Africa’s MTN Group extended talks to combine their operations to create the world’s third-largest mobile operator and analysts said Bharti might need to sweeten its offer to clinch the deal. [ID:nDEL449951]

** Hungarian mortgage bank FHB’s chairman, Zoltan Speder, and his firm A64 Vagyonkezelo have been allowed to raise their stake in the bank to above 10 percent but not above 20 percent, financial market watchdog PSZAF said. [ID:nL3171274]

** Online gaming firm 888 (888.L) said it is close to making an acquisition after strong trading from its casino, bingo and sports betting web sites led to an improved overall performance in the second quarter. [ID:nL3626812]

** Artio Global Management LLC, formerly known as Julius Baer Investment Management, has cut its stake in Hungary’s OTP Bank OTPB.BU to 4.96 percent, OTP said in a statement. [ID:nL3727109]

** Danish telecom group TDC TDC.CO shareholder Permira declined to comment on Monday on a Financial Times report at the weekend that said its consortium partner KKR was preparing to sell shares in TDC. [ID: nL358260]

** Italian power company Enel SpA (ENEI.MI) will sell a 49 percent stake in Green Power renewables unit in two stages, an informed source said on Monday. [ID: nMAT009854]

** Italy’s Prysmian SpA (PRY.MI), one of the world’s biggest cable makers, beat analysts’ first-half core profit estimates on Monday but said it faced big problems in taking over Dutch rival Draka Holding NV DRAK.AS. [ID: nL3732347] (Compiled by Tina Kwan in Singapore, Brenton Cordeiro and Abhinav Sharma in Bangalore) (; Reuters Messaging: +65 6870 3827))

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