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

Mon Jun 15, 2009 10:48pm BST
 
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** Orsu Metals Corp (OSU.TO) said it agreed to sell its Varvarinskoye gold-copper project in Kazakhstan to Russian precious metals miner Polymetal (PMTL.MM) for about $235 million. [ID:nLF319186]

** Miner Uranium One Inc (UUU.TO) agreed to buy a 50 percent stake in Kazakhstan's Karatau Uranium mine from Russian state-owned miner JSC Atomredmetzoloto in a cash and stock deal worth $385 million in a move to boost its output. [ID:nBNG122370]

** European Union antitrust authorities are set to approve German airline Lufthansa's (LHAG.DE) takeover of Austrian Airlines (AUAV.VI) and Brussels Airlines by July 1, a German newspaper said. [ID:nLF363850]

** Global Payments Inc (GPN.N) said it has bought the remaining stake in its British joint venture with HSBC Bank Plc (HSBA.L) for $307.7 million in cash. [ID:nBNG415707]

** Borse Dubai has no plans to sell its stake in the London Stock Exchange Group (LSE.L) and does not rule out increasing it, its chairman told Reuters in an interview. [ID:nLE28475]

** Italian aerospace company Finmeccanica SpA (SIFI.MI) is looking to sell its remaining 3.2 percent stake in chipmaker STMicroelectronics NV (STM.PA), Chief Executive Pier Francesco Guarguaglini said in a newspaper interview. [ID:nLF270895]

** Shares in Shenzhen Development Bank 000001.SZ rallied after Ping An Insurance (Group) (601318.SS) said it will increase its stake in the mid-sized lender to close to 30 percent, from the under 5 percent it holds. [ID:nHKG24678]

** Sichuan Tengzhong Heavy Industrial Machinery, the surprise bidder for General Motors Corp's GMGMQ.PK Hummer brand, said the deal should be concluded in the coming quarter. [ID:nLE7110]

** Areva (CEPFi.PA) said South Korea's Hydro and Nuclear Power had agreed to take a stake in a unit of the French state-owned nuclear group. [ID:nLF659908]  Continued...

 

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