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Deals of the day- Mergers and acquisitions

Source : REUTERS
Last Updated: Mon, Aug 11, 2014 19:20 hrs

(Adds Nobel Biocare, ACS, Tauron, Bilfinger; Updates Royal Bank of Scotland)

Aug 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** Royal Bank of Scotland confirmed it was considering selling the international arm of its private bank, a deal one source said could net it as much as $1 billion, as the British government leans on it to focus more on domestic lending.

** Private equity giant TPG Capital Management LP made a $3.1 billion approach for Australia's Treasury Wine Estates Ltd, a source said, setting the scene for a possible bid war for the world's No.2 winemaker with rival KKR & Co.

** Blackstone Group LP is close to a deal to buy a 50 percent stake worth $1.2 billion in a gas field in Louisiana currently owned by Royal Dutch Shell, according to a person familiar with the matter.

** British infrastructure company Balfour Beatty has rejected a second proposal from rival Carillion to merge, citing significant risks the 3 billion pound ($5.03 billion) deal would pose to its business.

** Swiss dental-implant maker Nobel Biocare has attracted interest from possible buyers including U.S. conglomerate Danaher Corp and buyout group EQT Partners, Bloomberg reported, citing people with knowledge of the matter.

** The U.S. subsidiary of construction and services group ACS has bought civil works business J.F.White to consolidate its position in the United States, the Spanish company said.

** Poland's No.2 utility Tauron and top world steelmaker ArcelorMittal have agreed to form a joint venture that would operate heat and power stations in Poland and the Czech Republic, Tauron said.

** German industrial services company Bilfinger has received a "surprisingly huge" amount of interest from potential buyers of its construction unit, Chief Finance Officer Joachim Mueller said.

** Kuwait Projects Co has rejected a $3.2 billion takeover offer from a U.S. private equity firm for its pay-television subsidiary OSN, the parent company said in a bourse filing on Sunday.

** Hong Kong-listed oil trader Brightoil Petroleum Holdings Ltd has completed its acquisition of Anadarko Petroleum Corp's China unit for $1.05 billion in a major push into the upstream segment.

** Top U.S. pipeline company Kinder Morgan Inc said on Sunday it would put all its publicly traded units under one roof in a $70 billion deal, responding to investor concerns about its growth prospects and complicated financial structure.

** Rusal, the world's largest aluminum producer, is considering selling about $1 billion worth of non-core assets, including its foil business in Russia, BCS financial group analysts said.

** Norway's $870 billion oil fund purchased a 57.8 percent stake in the 730,000-square-foot Pollen Estate in London's West End for 343 million pounds ($576 million), the fund said in a statement.

** Murphy Petroleum has signed an agreement to sell its UK petrol stations to Motor Fuel Group, completing its exit from Britain's oil retail market. The deal is worth just under 200 million pounds ($335 million), a person familiar with the matter said.

** BC Iron Ltd has launched a friendly cash and share offer worth around A$256 million ($237 million) for smaller rival Iron Ore Holdings Ltd, the second takeover in a month aimed at beefing up production in Australia's main iron ore region.

** Norway's Sparebank 1 SMN will merge its in-house investment banking operation with brokerage Sparebank 1 Markets and become its dominant owner, SMN said in a statement on Monday.

** Japan's Nippon Steel & Sumitomo Metal Corp said on Monday it had signed a definitive agreement with Indonesia's largest steelmaker PT Krakatau Steel to produce automotive flat steel in Indonesia through a joint venture.

** Global private equity firm CVC Capital Partners has agreed to sell kimchi refrigerator maker WiniaMando Inc for around 150 billion won ($145 million) to South Korea's Hyundai Green Food Co, a Hyundai spokeswoman said on Monday.

** German engineering group Duerr said on Monday it would merge its aircraft assembly technology business with Broetje-Automation Group in exchange for an 11 percent stake in Broetje-Automation and cash.

** Singapore-based upstream oil and gas firm KrisEnergy Ltd said on Monday it had agreed a $65 million deal to buy out Chevron Corp's interest in an offshore oil block in Cambodia and take over as the block's operator.

** Venture capital firm Andreessen Horowitz is investing $50 million in BuzzFeed, the social news and entertainment website known for producing advertising-sponsored "listicles" that go viral.

** The California Public Employee Retirement System, the largest U.S. public pension fund, is considering major changes to its portfolio as it attempts to stay away from riskier investments, including commodities, the Wall Street Journal reported on Sunday.

** A consortium including South Korea's National Pension Service (NPS) and gas seller E1 Corp has been chosen as preferred bidder to buy a $540 million stake in U.S.-based shale gas transport firm Cardinal Gas Services, NPS and E1 officials said on Monday.

** A company run by India's billionaire Jindal family is close to finalizing a deal to buy insolvent Italian steelmaker Lucchini, Italy's prime minister Matteo Renzi said on Sunday.

** Snapchat Inc's financing talks with China's Alibaba Group Holding Ltd are over, Bloomberg reported, citing people familiar with the matter. (Compiled by Amrutha Gayathri in Bangalore)




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