Deals of the day-Mergers and acquisitions

Samsung Fire & Marine Insurance

06/07/2015 14:34

(Adds Royal Bank of Scotland, Petrobras, Stemcor, Reliance, 
Raiffesien Bank; Updates CTC Media, Eberspaecher) 
    July 6 (Reuters) - The following bids, mergers, acquisitions 
and disposals were reported by 1330 GMT on Monday: 
     
    ** Health insurer Aetna Inc  AET.N  said on Friday it would 
buy smaller rival Humana Inc  HUM.N  for about $37 billion in 
cash and stock, in the largest ever deal in the insurance 
industry.  ID:nL1N0ZJ079  
     
    ** Britain is planning to sell half its stake in Royal Bank 
of Scotland  RBS.L , worth 16 billion pounds ($25 billion) 
within two years of a possible first sale in September, 
according to people with knowledge of government thinking. 
 ID:nL8N0ZM2AG  
     
    ** State-controlled oil producer Petróleo Brasileiro SA 
 PETR4.SA  could sell a stake in Brazil's Braskem SA and build 
provisions against tax debts nearing 40 billion reais ($12.7 
billion) to reduce costs and make finances sustainable, Valor 
Econômico newspaper said.  ID:nL1N0ZM0J0  
     
    ** Canada's Potash Corp of Saskatchewan  POT.TO  said it was 
confident of addressing concerns raised by K+S  SDFGn.DE  over 
its 7.9 billion euro ($8.7 billion) takeover proposal for the 
German potash miner, giving K+S's stock a boost.  ID:nL8N0ZJ0TK  
     
    ** Russian broadcaster CTC Media  CTCM.O  said it had 
received a $200 million offer for 75 percent of its operating 
assets in Russia and Kazakhstan from UTH Russia, part-owned by 
billionaire Alisher Usmanov.  ID:nL8N0ZM1QO  
     
    ** Family-owned German car parts maker Eberspaecher is 
exploring a partnership with an overseas peer or a partial sale 
as it seeks to expand internationally, several sources familiar 
with the matter said.  ID:nL8N0ZM1HI  
     
    ** Abu Dhabi Islamic Bank  ADIB.AD , which recently failed 
in its bid for Citigroup's  C.N  Egypt retail business, is 
targeting acquisitions in 2016 in Asia, the Middle East, and 
North Africa, its chief executive said.  ID:nL8N0ZM0RW  
     
    ** Kuwait's Al Ahli Bank  ABKK.KW  received approval from 
the Gulf state's central bank to buy Piraeus Bank's  BOPr.AT  
Egyptian unit, it said on Monday.  ID:nD5N0Y2044  
     
    ** German asset manager Union Investment has bought most of 
the remaining assets of Austria's Volksbanken  OTVVp.VI  as the 
part-nationalised group winds down after failing European bank 
stress tests.  ID:nL8N0ZM0YN  
     
    ** U.S. cigarette giant Philip Morris International Inc 
 PM.N  plans to sell a stake worth at least $1 billion in 
Indonesian unit PT HM Sampoerna Tbk  HMSP.JK  to comply with 
free-float rules, two people familiar with the matter said on 
Monday.  ID:nL3N0ZM2E1  
     
    ** China Molybdenum Luoyang Co  603993.SS  is poised to make 
an offer for an overseas mining project costing up to $2.15 
billion, the latest push by a Chinese enterprise to acquire 
resource assets beyond its borders.  ID:nL3N0ZM2RC  
     
    ** U.S. media group Scripps Networks Interactive  SNI.N  has 
offered to pay a total of 3.2 billion zlotys ($843.64 million) 
to buy the shares in Polish broadcaster TVN  TVN.WA  it does not 
already own to take full control over the company and delist it. 
 ID:nL8N0ZM0S7  
     
    ** Elliott Associates has bought shares in Samsung Fire & 
Marine Insurance Co Ltd  000810.KS , a spokeswoman for the South 
Korean firm said, potentially strengthening the U.S. hedge 
fund's hand in its bid to block an $8 billion proposed merger of 
another two Samsung Group companies.  ID:nL3N0ZM0AN  
     
    ** Australian childcare operator Affinity Education  AFJ.AX  
on Monday urged shareholders not to accept a $121 million 
takeover offer from larger rival G8 Education Ltd  GEM.AX , 
saying it would refer the all-share bid to regulators after what 
it called "opportunistic" off-market purchases of Affinity stock 
by G8.  ID:nL3N0ZM09B  
     
    ** Berlin is wooing private investors including Macquarie 
 MQG.AX  and JP Morgan  JPM.N  to take a stake in its 
much-delayed new international airport, German newspaper Bild 
wrote on Sunday.  ID:nL8N0ZL0M4  
     
    ** Mercedes F1 non-executive chairman Niki Lauda has 
dismissed a report suggesting Formula One rival Red Bull could 
switch from Renault to Mercedes engines with Aston Martin 
branding.  ID:nL3N0ZL05S  
     
    ** Formula One's commercial rights holders CVC Capital 
Partners are under no pressure to sell their controlling stake 
in the sport and want to keep it, co-chairman Donald Mackenzie 
told Reuters.  ID:nL3N0ZK07E  
     
    ** German utility RWE  RWEG.DE  is considering a 
restructuring that could see units such as RWE Generation and 
RWE Innogy being merged or swallowed up by the parent group as 
it battles an industry-wide crisis, a German newspaper reported 
on Saturday.  ID:nL8N0ZJ3DM  
     
    ** Consolidation continues to be necessary in the auto 
industry but there is nothing new to report on Fiat Chrysler's 
 FCHA.MI   FCAU.N  desire for a tie-up with General Motors 
 GM.N , FCA CEO Sergio Marchionne said on Friday. 
 ID:nI6N0Z1022  
     
    ** South African gaming and hotel group Tsogo Sun Holdings 
 TSHJ.J  has scrapped plans to buy a minority stake in two 
casinos owned by Sun International  SUIJ.J , the companies said. 
 ID:nL8N0ZJ30S  
     
    ** Copenhagen-based private equity firm Polaris said it had 
made a binding offer to acquire all outstanding shares in Danish 
ferry company Mols-Linien  MOLS.CO  and planned to delist the 
company from the stock exchange.  ID:nL8N0ZJ2E7  
     
    ** Creditors of insolvent German wind park operator Prokon 
have voted to try to revive the company themselves, rejecting a 
takeover bid from utility EnBW  EBKG.DE , the administrator said 
on Thursday.  ID:nL8N0ZI3FI  
     
    ** The entertainment arm of Chinese property conglomerate 
Dalian Wanda Group said on Friday it would lead an almost 6 
billion yuan ($967 million) investment into one of China's 
biggest travel websites, its first foray into online tourism. 
 ID:nL3N0ZJ2K4  
     
    ** Dutch lender ING Group  ING.AS  is set to win the auction 
to buy HSBC Holdings Plc's  HSBA.L  Turkish business, people 
familiar with the matter said on Thursday.  ID:nL8N0ZI48V  
     
    ** Dollar Tree Inc  DLTR.O  was given the go-ahead to buy 
Family Dollar Stores Inc  FDO.N  by the U.S. Federal Trade 
Commission on condition that they sell 330 Family Dollar stores, 
putting to rest a year-long merger saga.  ID:nL1N0ZI2BU  
     
    ** Sycamore Partners is preparing an offer for Belk Inc that 
could value the U.S. department store chain at between $3 
billion and $3.5 billion, including debt, and become the buyout 
firm's largest deal, people familiar with the matter said on 
Thursday.  ID:nL1N0ZI2CS  
     
    ** Debt-laden steel trader Stemcor, one of the UK's largest 
private companies, has agreed a deal with U.S. distressed 
investment fund Apollo  APO.N  and with its other lenders that 
"secures its future", Stemcor said.  ID:nL8N0ZM2A4  
     
    ** India's Reliance Industries Ltd  RELI.NS  plans to sell a 
3.1 percent stake, worth $32 million at the current market 
price, in unit Network18 Media & Investments Ltd  NEFI.NS  to 
comply with rules mandating public ownership in listed firms. 
 ID:nL3N0ZM43V  
     
    ** The European Bank for Reconstruction and Development said 
it was considering taking a significant minority stake in the 
loss-making Ukrainian unit of Raiffeisen Bank Internationa