Jan 12 The following bids, mergers, acquisitions
and disposals were reported by 1100 GMT on Thursday:
** German drugs and pesticides maker Bayer, which
will need regulatory approval for its $66 billion deal to buy
U.S. seeds giant Monsanto, said company chief executives
had a productive meeting with U.S. president-elect Donald Trump.
** Swedish compressor and mining gear maker Atlas Copco
said it was looking to sell its Road Construction
Equipment division, and said it would take an impairment charge
of around 2 billion Swedish crowns ($223 million).
** Italy's Mediaset and France's TF1 will
take a stake in ProSieben's multi-channel network
Studio71 via a capital increase that values the unit at 400
million euros ($425 million), ProSieben said.
** Private equity firm Onex Corp is exploring a
sale of USI Insurance Services, hoping that a deal will value
the U.S. insurance brokerage at as much as $4 billion, including
debt, according to people familiar with the matter.
** Italy's top insurer Assicurazioni Generali must
remain Italian, UniCredit's CEO Jean Pierre Mustier
told an Italian daily, addressing speculation of a possible
takeover by French rival AXA.
** Italy's fifth-largest bank UBI Banca said on
Thursday it would launch a share issue for up to 400 million
euros ($425 million) to strengthen its capital after offering to
take over three small rescued banks.
** Fundação Cesp, Brazil's largest private-sector pension
fund, said on Wednesday it is not currently holding discussions
over the partial or full sale of a 200 million real ($62
million) stake it owns in Vale SA, the world's largest iron ore
** Private equity firm CVC Capital Partners Ltd is
in advanced talks to acquire MSC Software Corp, a U.S. company
that makes simulation computer programs, for more than $800
million, including debt, according to people familiar with the
** Investors are refraining from transactions in Turkey
despite significant opportunities and attractive valuations,
Ernst & Young said, amid high currency volatility and political
** Shenzhen Centralcon Investment Holding Co
plans to buy 23.2 percent of China South City Holdings Ltd
for HK$3.8 billion ($490 million) to become its
biggest shareholder, China South City said.
** France will buy out minority shareholders in Areva
and delist the troubled nuclear group, the government
said as talks with potential investors in a new nuclear fuel
company being spun out of Areva neared a conclusion.
** Australia's competition regulator said it will review BP
Plc's A$1.8 billion purchase of 527 petrol stations from
Australia's top grocer, Woolworths Ltd.
(Compiled by Laharee Chatterjee in Bengaluru)