Top deals of the Day - Bids, Mergers and Acquisitions

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The following bids, mergers, acquisitions and disposals were reported on Wednesday:

Italy's Generali said on Wednesday it had signed an agreement to sell its Fata Assicurazioni Danni unit, which focuses on agricultural risks, for 179 million euros ($241 million).

Southeast Asia's largest property developer CapitaLand Ltd plans to sell a third of its interest in Australand Property Group, just months after a strategic review concluded the stake was a "key investment."

CapitaMalls Asia Ltd said it has agreed to buy a shopping mall in Guangzhou for 2.2 billion yuan ($361 million) in the Singapore property developer's first foray into one of the largest and most prosperous cities in China.

Private equity firm Roark Capital Group has clinched a deal to acquire Apollo Global Management-controlled restaurant group CKE Inc, the parent of the Hardees and Carl's Jr fast food chains.

Germany is seeking to take the lead in the regulatory scrutiny of Telefonica Deutschland's 8.6 billion euro ($11.6 billion) takeover of KPN's German unit E-Plus, arguing the deal requires an in-depth examination.

Germany's Metro AG, aims to list up to a quarter of its Cash & Carry Russia business in London by the second quarter of 2014, three sources familiar with the deal said.

Devon Energy Corp will buy oil-producing assets in Texas for $6 billion and plans to sell or otherwise monetize some of its natural gas-heavy holdings, in a response to criticism about its lack of exposure to higher-margin crude.

U.S. agribusiness giant Cargill Inc said on Wednesday it formed an equal partnership to operate a South Dakota grain elevator with a storage capacity of 2.5 million bushels of grain along rail tracks owned by BNSF Railway Co.

Venezuela's government and South Korea's Samsung Electronics said on Wednesday they are forming a joint venture to assemble devices and home appliances in the South American country.

PSA Peugeot Citroen is seeking to raise 4 billion euros ($5.4 billion) in a share issue to the French government and Chinese carmaker Dongfeng Motor Co, Le Monde newspaper reported on Wednesday.

Russia's Novatek and Gazprom Neft agreed to pay $2.94 billion for Italian oil and gas group Eni's stake in gas producer SeverEnergia, clashing with Kremlin-controlled Rosneft as domestic gas reform looms.

General Electric's finance arm has bought a 1.4 billion pound ($2.3 billion) portfolio of mainly British commercial real estate loans from Deutsche Postbank as it seeks to expands its refinancing and new loans business.

Greece's bank bailout fund wants the main investors in a share sale by Eurobank to commit to holding their stakes for a fixed period and will not accept an "excessive discount" to get the deal done, a source familiar with the fund's position said.

Goldman Sachs and UBS bankers said Britain could not have sold the Royal Mail postal service at its current higher price, rejecting accusations that one of the biggest privatisations in years had short-changed taxpayers.

Telecom Italia expects to conclude the sale and lease back of its mobile towers in Italy and Brazil next year, its chief executive said.

Zurich Insurance sold its remaining stake in New China Life Insurance for $943 million, as it pushes ahead with an attempt to diversify its Asian portfolio.

Russian state-controlled telecoms group Rostelecom aims to merge its mobile business with Tele2 Russia, the country's fourth-biggest mobile operator, before the end of the year, its chief executive said.

German industrial machinery and process engineering group GEA has launched the sale of its Heat Exchangers division, hoping to fetch a price of roughly 1.2 billion euros ($1.6 billion), three people familiar with the situation said.

Deutsche Telekom is close to selling a 70 percent stake in its classified advertising business, Scout24, to private equity firm Hellman & Friedman for 1.4 billion euros ($1.89 billion), two people familiar with the talks said on Wednesday.

Indonesia's Bumi Resources, Asia's top thermal coal exporter, is confident shareholders will approve a $1.3 billion debt-for-equity swap deal with China sovereign wealth fund CIC, which it said will cut interest costs by $216 million.

Bankers are working on financing packages of around 330 million euros ($446 million) to support bids for Dutch education publisher Noordhoff Uitgevers, as private equity firms prepare to submit offers this week, banking sources said.The sale is attracting a number of potential buyers and private equity firms that could submit first round bids in an auction process this week include Ares, Bain, KKR, NPM, Pamplona, Providence and Waterland, they added.

British multi-utility provider Telecom Plus Plc said it had agreed to buy two energy supply units of RWE Npower for 218 million pounds ($351 million), in a bid to improve energy margins and offer more competitive tariffs.

Germany's ThyssenKrupp is nearing a long-awaited sale of its U.S. steel plant and has reached an agreement to settle a cartel lawsuit, clearing the way for it to raise much-needed capital. Three people familiar with the matter told Reuters that ThyssenKrupp was in exclusive talks to sell the plant in Calvert, Alabama to a consortium of ArcelorMittal and Nippon Steel. One of the sources said that the bidders were likely to pay $1.5 billion for the business.

GlaxoSmithKline said on Wednesday it had completed the sale of 28.2 million shares in Aspen Pharmacare at 250 rand each, raising gross proceeds of 7.059 billion rand ($694 million).

Coal miner Bumi Plc will postpone an investor vote on a planned split with Indonesia's Bakrie family that co-founded it, after the buyer of its stake failed to provide details of his financing arrangements by an agreed deadline.

Swiss Re, the world's second-largest reinsurer, said on Wednesday it had agreed to pay $493 million to buy a 4.9 percent stake in New China Life Insurance Company from cross town rival Zurich Insurance Group.

Gray Television Inc and Excalibur Broadcasting LLC said they would buy 20 stations from Hoak Media LLC and Parker Broadcasting Inc for $335 million in cash.

Italian motorway operator Atlantia and Gemina, the company that runs Rome's airport, said on Wednesday they had signed the deed for their merger.

Private equity firm New Mountain Capital LLC is exploring a sale of Inmar Inc, a provider of coupon processing and logistics services to companies, seeking more than $600 million, according to three people familiar with the matter.

Novelis Inc said on Tuesday it has agreed to sell its North American consumer aluminum foil business to Reynolds Consumer Products Inc for $35 million as part of its drive to focus on higher-margin markets such as automotive.

Tags
Swiss Re, Bumi Plc, Deutsche Telekom, Zurich Insurance, Telecom Italia, General Electric, PSA Peugeot Citroen, Samsung Electronics, Roark Capital Group

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