(Adds Compagnie des Alpes, Bertelsmann, Johnson Controls)
March 10 The following bids, mergers,
acquisitions and disposals were reported by 2100 GMT on Friday:
** German retailer Metro stuck with plans to split
into two businesses by mid-year despite four lawsuits brought by
shareholders against it.
** Henderson Global Investors, a shareholder in Akzo Nobel
, has called on the Dutch paint maker's management to
engage in takeover discussions with U.S. rival PPG Industries
** Swiss investor Martin Ebner put his remaining 17 percent
stake in phone retailer Mobilezone up for sale at 14.55
Swiss francs per share, he told Reuters, saying he is exiting as
an anchor shareholder amid a push to re-focus his Patinex
vehicle's investments on growth.
** SunPower Corp has put a large solar plant in
Chile up for sale, according to two sources with knowledge of
process, as the second-largest U.S. solar panel maker seeks to
cut costs across the globe.
** Chinese conglomerate HNA Group would like to
increase its stake of 3 percent in Germany's Deutsche Bank
, two sources with knowledge of the matter told
** German carmaker Volkswagen said it had signed
a memorandum of understanding to explore a partnership with
India's Tata Motors to jointly develop auto components
and vehicles for the Indian subcontinent and beyond.
** Indian state-run lender Canara Bank Ltd has
sold a 13.45 percent stake in housing finance arm Can Fin Homes
Ltd to Singapore-based Caladium Investment Pvt Ltd for
7.54 billion rupees ($113.12 million), it said.
** Privately run conglomerate CEFC China Energy has
approached several independent Chinese oil processors seeking to
acquire its first domestic refinery operation, its next move
towards becoming a global integrated oil player.
** Tianjin Tianhai Investment Co Ltd, a unit of Chinese
aviation and shipping conglomerate HNA Group, plans
a Hong Kong share sale worth about $800 million as soon as this
year, IFR reported, citing people familiar with the plans.
** A group that includes Jahm Najafi, chief executive of the
Phoenix-based investment firm Najafi Companies, and
private-equity firm Pamplona Capital Management has emerged as a
bidder for Time Inc, the Wall Street Journal reported,
citing people familiar with the matter.
** Johnson Controls International Plc, a
manufacturer of products ranging from car batteries to heating
equipment, is exploring a sale of its safety gear unit, Scott
Safety, people familiar with the matter said.
** Brazilian toll road operator CCR SA acquired a
15 percent stake in a subway line in São Paulo, Brazil's largest
city, from construction and engineering conglomerate Odebrecht
SA, the company said in a securities filing on
** Brazil's state-controlled oil company Petroleo Brasileiro
SA said on Thursday that an injunction blocking the
sale of its gas pipeline unit Nova Transportadora do Sudeste SA
(NTS) to a group led by Canada's Brookfield Asset Management Inc
has been overturned.
** Royal Dutch Shell has agreed to sell most of its
Canadian oil sands assets for $8.5 billion, the latest
international oil major to withdraw from the costly and
** French ski resorts operator Compagnie des Alpes
said it now hoped to reach a deal before the end of the year to
sell a stake in the company to Chinese conglomerate Fosun
and other potential investors.
** German media group Bertelsmann expects to raise
its stake in its Random House joint venture with Pearson
to between 70 and 75 percent and will find a long-term
partner if necessary for the rest, its chief executive told Der
(Compiled by Akankshita Mukhopadhyay and Arunima Banerjee in