April 7, 2008 / 9:02 AM / 11 years ago

UPDATE 1-Deals of the day -- mergers and acquisitions

(Adds Industri Kapital, ICAP and Angle)

April 7 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0900 GMT on Monday.

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

** Private equity firm Industri Kapital said it had signed a deal to buy German component maker Flabeg from EquiVest/CBR for an undisclosed sum. The deal is subject to approval from competition authorities. [nL07422079]

** ICAP Plc IAP.L agrees to acquire voice and electronic interdealer broker Link for an initial consideration of 135 million pounds. [nWLB9440]

** Angle Plc (AGLE.L) confirmed that it received an approach which may or may not lead to an offer being made for the company The indicative proposal letter envisages a price of 60.0 pence for each Angle share. [nWLB9441]

** Novartis AG NOVN.VX will buy Nestle SA’s NESN.VX 25 percent stake in Alcon ACL.N for $11 billion and has an option to acquire Nestle’s remaining 52 percent stake for a further $28 billion, the Swiss drugmaker said. To read more, please double click on [ID:nL07321422]

** Suez Environnement, the water and waste arm of France’s Suez LYOE.PA, said it and New World Services would buy a 15 percent stake in China’s Chongqing Water Group (CWG) for around 140 million euros ($219.9 million). [ID:nL07347933]

** Wall Street investment bank Goldman Sachs (GS.N) and Chinese private equity firm Whitesun Equity Partners have agreed to invest a combined $30 million in Chinese coffee shop chain operator C.straits Cafe to help it expand. [ID:nPEK12447]

** Mid-sized Chinese lender Bank of Beijing (601169.SS) said it agreed to pay 127.5 million yuan ($18.2 million) for a 19.99 percent stake in smaller Langfang City Commercial Bank. [ID:nSHA22980]

** Hibernian Group, the Irish arm of Britain’s biggest insurer Aviva (AV.L), said it planned to enter Ireland’s health insurance market by buying 70 percent of Vivas Group Ltd. [ID:nL06595744]

** The Netherlands’ biggest insurer Eureko, partly owned by unlisted Rabobank [RAN.UL], has made a takeover approach for Ireland’s FBD Holdings Plc (FBD.I), a Eureko representative said. [ID:nL06575916]

** French national railways SNCF announced plans to bring the country’s biggest freight firm, Geodis GEOD.PA, back under state control in an effort a create a major European transport and logistics company. [ID:nL06420806]

** Oil and gas firm Sterling Energy Plc (SEY.L) plans to sell its U.S. business to focus on top exploration prospects in Africa and northern Iraq and possible takeovers, the firm said. [ID:nL06110313]

** Landry’s Restaurants LNY.N CEO Tilman Fertitta cut his offer to buy the company by about 11 percent to $21 a share as rising credit woes squeeze financing options for a possible $1.3 billion deal. [ID:nBNG338026]

** Japanese office equipment maker Konica Minolta Holdings Inc (4902.T) said it would develop and market office-use printers and production print systems with Dutch firm Oce NV OCEN.AS. [ID:nT56602] (Compiled by Tina Kwan in Singapore and Esha Dey in Bangalore)

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