The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:
** Private equity investor Advent has reached an agreement with two big shareholders in Douglas Holding AG and may present a takeover offer of about $1.9 billion for the German books-to-perfumes retailer as soon as next week, the Financial Times Deutschland newspaper reported, citing financial sources.
** Australian bulk grain handler GrainCorp said on Tuesday it plans to buy two food oil businesses for a combined A$472 million ($490 million) to create the country's largest edible oil processor.
** PZU, Poland's top insurer, is interested in buying local medical services group Lux Med, estimated to be worth 1 billion zlotys ($306 million), Polish daily Parkiet reported on Tuesday.
** Finnish paper firm Ahlstrom Oyj plans to spin off its label and processing business unit in a deal that will help it raise 150 million euros ($188 million) in cash, and concentrate on more profitable businesses such as food packaging.
** Japanese conglomerate Toyota Tsusho Corp confirmed on Tuesday that it planned to go ahead with an offer for the remainder of distribution firm CFAO after buying a 29.8 percent stake from French retailer PPR.
** China's Lenovo Group is in talks to buy a 50.1 percent controlling stake in India's HCL Infosystems for about 5 billion rupees ($90 million), Indian daily Financial Chronicle reported.
** Credit Agricole SA said a deal to sell troubled Greek arm Emporiki could be wrapped up within weeks, as costs stemming from distressed euro zone economies hammered the French bank's quarterly results.
This article is copyrighted by Reuters
Join the Conversation