(Updates Public Power Corp; Adds Qualcomm, Apollo Global
Management, ECOM, Zhengzhou Coal Mining Machinery Group, Vitol,
Noble Energy, ProSiebenSat.1, Dow Chemical)
May 2 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Tuesday:
** Managers at Italian motorway group Atlantia and
Spanish peer Abertis will meet this week in Italy to
discuss plans for a tie up, two sources close to the matter
** EU regulators will decide by June 9 whether to clear
smartphone chipmaker Qualcomm's $38 billion takeover of
NXP Semiconductors NV, with rivals voicing concerns
about continued access to key NXP technology after the deal.
** Buyout firms Apollo Global Management LLC,
Blackstone Group LP and Centerbridge Partners LP are
among potential suitors studying bids for Canada's biggest
alternative mortgage lender, Home Capital Group Inc,
which sought emergency funding last week, people familiar with
the matter told Reuters.
** Swiss commodities trading group ECOM has received
approval from German cartel authorities to purchase German cocoa
grinder Euromar Commodities GmbH, which declared insolvency in
December, Euromar's insolvency administrator said.
** Zhengzhou Coal Mining Machinery Group Co Ltd (ZMJ)
has teamed up with private equity firm China
Renaissance Capital Investment (CRCI) to buy Robert Bosch's
starters and generators business SG Holding for 545 million
euros ($595 million).
** Commodities trader Vitol has agreed to buy an 85,000
barrel per day (bpd) condensate splitter in the Netherlands from
Koch Supply and Trading, a subsidiary of U.S. conglomerate Koch
Industries, Vitol said in a statement.
** U.S. oil and gas producer Noble Energy Inc said
it would sell all its natural gas production assets in the
Marcellus shale field for $1.23 billion, as it shifts focus to
liquids-rich, higher-margin assets.
** German broadcaster ProSiebenSat.1 and
Discovery Communications Inc will join forces to
stream TV shows via Internet and wireless services in Germany.
** China has conditionally approved the proposed merger
between Dow Chemical Co and Dupont, the country's
Commerce Ministry said, a step forward for the deal whose
closing has been repeatedly delayed by regulatory hurdles.
** Jack Ma's private equity firm Yunfeng Capital and
Singapore's Temasek have led a $75 million fund-raising round
into genomics company WuXi NextCODE, the firm said in a
statement, underlining a race for medical data in China.
** British housebuilder Bovis, which was subject to
two failed buyout bids earlier this year, said it would take a
2.8 million-pound hit from the talks and a review conducted in
February after the firm warned on profits.
** Accell Group, the maker of Dutch bicycle brands
Sparta and Batavus, has had ended talks with Pon Holdings
regarding takeover bid from the Dutch transportation
conglomerate as the offer was not high enough, it said.
** British bank Shawbrook Group's independent
directors said they could not recommend a buyout bid from a
consortium of private equity firms.
** Greece has agreed to sell coal-fired plants and coal
mines equal to about 40 percent of its dominant power utility
Public Power Corp's coal-fired capacity, to help open
up its electricity market, the energy ministry said.
** A three-member consortium that includes German insurer
Allianz has agreed to buy Affinity Water Ltd
, the largest water-only supply firm in England and
Wales by revenue, through two transactions, the group said.
** Sumitomo Corp said it and Korea Resources Corp
(Kores) will get a larger stake in the Ambatovy
nickel project in Madagascar, as part of a debt restructuring
deal with partner Sherritt International Corp.
** IAC/InterActiveCorp said on Monday it would buy
consumer review website operator Angie's List Inc in a
$500 million deal that bolsters its online home contractor
** Monsanto Co has terminated an agreement to sell
its Precision Planting LLC farm equipment business to machinery
maker Deere & Co, the companies said on Monday, ending a
legal fight with antitrust authorities over the deal.
(Compiled by Akankshita Mukhopadhyay and John Benny in