Friday, May 11, 2012

Reuters: Mergers News: Deals of the day -- mergers and acquisitions

Reuters: Mergers News
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Deals of the day -- mergers and acquisitions
May 11th 2012, 20:13

Fri May 11, 2012 7:02am EDT

May 11 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1100 GMT on Friday:

** Qatar is continuing its overseas buying spree, snapping up a stake in Royal Dutch Shell and reportedly also eyeing a chunk of Italian oil major ENI.

The Middle East Economic Survey had reported earlier that Qatar's sovereign wealth fund was in "very advanced talks" to buy a 3-5 percent stake. A 5 percent stake would make Qatar Shell's biggest single investor, according to Reuters data.

** A consortium led by French utility GDF Suez has made a firm offer to buy E.ON's gas pipeline network, which Germany's No. 1 utility has put up for sale, French daily Les Echos reported, citing unnamed sources.

** Japan's No. 5 consumer electronics discount retailer Bic Camera Inc will take a majority stake in sixth-ranked Kojima Co, a regulatory filing showed on Friday.

** Spain's construction firm FCC announced the sale of its Spanish and Belgium airport handling units to Swissport for 135 million euros ($174.96 million) on Friday, in a move to reduce debt. ($1 = 0.7716 euros)

** Deutsche Bank said Guggenheim Partners has abandoned its pursuit of a full range of asset management businesses the German lender wants to sell to concentrate on a single unit.

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