Miro Zecevic

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I, Miro Zecevic, provide financial consulting and public relations consulting services to companies of all sizes. My services range from corporate finance, business expansions, operational matters to mergers and acquisitions. I’m currently a partner in public relations company Mina Mar Group which I created in ’06, but I will consider advisory and/or consulting board position with a significant up and coming small cap companies.I have extensive knowledge in macro finance, creative financing, real estate, franchising, and licensing matters. I follow economic trends, however I do not consider myself to be an analyst. However (as a non-analyst), I did capitalized on the real estate boom on the late 80s’, the Dot-com craze of 90s’, and the subprime finance of mid-2000s’ (’01-’06). I operated a successful company in each of these market uptrends: Boyco Realty (real estate), ieDigital (Dot-com) and Cash Now (subprime finance). All these successful ventures were either sold or merged, amalgamated and/or spun into a public company.During my extensive career, I was involved with over 150 companies. My business peers consider me as a sophisticated and accredited investor, who does not dismiss opportunities provided by high risk in the top projects, provided that the transaction makes sense, and win-win scenario can be realized.

As Woodrow Wilson once said, “I would rather fail in a cause that will ultimately triumph than to triumph in a cause that will ultimately fail”.

I have a no nonsense approach to business and I call it as I see it. With success comes criticism but, in summary, the rewards of my business career had outweighed the risks. Whether my critics like it or not, all my executive business decisions made are the ones that had to be made as they stand today.

I let my work, success, and a trail of successful businesses behind me speak for themselves.

Deals of the day-Mergers and acquisitions

(Adds Nokia, Ryanair, Rosneft, Energy Transfer Equity, Axis Capital Holdings, Telekom Slovenia; Updates Royal Dutch, Potash Corp)

(Reuters) – The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

 

** Brazil gave the green light to oil major Royal Dutch Shell to buy smaller rival BG, advancing the $70 billion merger — the largest of the past decade — closer to completion in early 2016.

 

** Britain plans to sell at least three quarters of its stake in Royal Bank of Scotland over the next five years, raising 25 billion pounds ($38 billion), the body that manages the government’s stake in the bank said.

 

** Potash Corp of Saskatchewan Inc does not plan to sweeten its bid for German rival K+S AG, several people familiar with the Canadian mineral miner said, downplaying a media report that it would consider such a move.

 

** Software security company Symantec Corp is in talks to sell its Veritas data storage business to private equity firm Carlyle Group LP, a person familiar with the matter said on Tuesday. The exact status of the talks could not be learned. Bloomberg had earlier reported, citing sources, that Symantec was nearing a deal to sell Veritas to Carlyle for $7-$8 billion.

 

** Germany’s big car makers have reached a stand-off with Nokia in their joint bid to buy the Finnish company’s maps business HERE, while rival offers appear to be unravelling, sources familiar with the process said.

 

** Ryanair’s board is due to meet to review IAG’s proposed takeover of Aer Lingus and will likely decide whether to sell its 30 percent stake over the next week or two, its chief executive said on Wednesday.

 

** Russia’s top oil producer Rosneft has made a significant step in its efforts to expand its global reach by signing a preliminary deal with Essar Group about acquiring up to 49 percent of the Vadinar oil refinery in India.

 

** Pipeline company Energy Transfer Equity LP said it was open to take part in Williams Companies Inc’s strategic review despite having a takeover offer rebuffed, but only if the process was “fair” and not designed to disadvantage Energy Transfer.

 

** Reinsurers Axis Capital Holdings Ltd and PartnerRe Ltd are considering tweaking their $6.2 billion merger agreement in a bid to fend off a $6.8 billion offer for PartnerRe by Exor SpA, people familiar with the matter said.

 

** Macedonia’s market regulator said on Wednesday it had approved the sale of Telekom Slovenia’s Macedonian unit to Telekom Austria, a move that could pave the way for completing the privatisation of the Slovenian parent.

 

** An advisory firm recommended South Korea’s National Pension Service (NPS) vote against a proposed $8 billion merger of two Samsung Group companies, a deal seen as critical to a leadership transfer at the country’s top conglomerate. NPS is the is the biggest single shareholder in takeover target Samsung C&T Corp

The Canada Pension Plan Investment Board, which holds a small stake C&T, said it was voting against the takeover offer by Cheil Industries Inc.

 

** U.S. health insurer Humana Inc and buyer Aetna Inc set fees to be paid in the event of a failure of the largest deal in the health insurance industry. Aetna, which said last week it would buy Humana for about $37 billion in cash and stock, has to pay a termination fee of $1.69 billion, Humana said in a regulatory filing on Tuesday. Humana would pay its larger rival $1.31 billion if the deal is terminated.

 

** Sports betting and gaming company GVC Holdings Plc has offered to buy bigger rival Bwin.Party Digital Entertainment Plc for about 900 million pounds ($1.39 billion), the Financial Times reported on Tuesday.

 

** Brazilian investment firm Tarpon Investimentos hired Morgan Stanley & Co to explore a sale of healthcare products supplier Cremer SA, three sources with knowledge of the situation said on Tuesday. Tarpon, which owns 96 percent of Cremer, launched a formal sale process aimed especially at foreign bidders, said the sources.

 

** The Federal Reserve Board approved BB&T Corp’s $2.5 billion acquisition of Susquehanna Bancshares Inc, signaling a softening stance on finance M&A.

 

** Spain’s biggest bank Santander has hired consultants PricewaterhouseCoopers to help it sell a package of soured home loans worth just under 800 million euros ($883 million), a source with knowledge of the deal said.

 

** A Chinese state-backed investment firm sold its stake in China’s fourth-largest broker Haitong Securities in Hong Kong in a sign that Beijing’s bid to arrest a sell-off in mainland stocks is pushing investors to the island’s market to raise capital.

 

** Chinese e-commerce giant Alibaba Group Holding Ltd is investing about S$279 million ($205.98 million) to expand its holdings in Singapore Post Ltd (SingPost) and its e-commerce unit, the two companies said.

 

** Fosun International Ltd said it has offered to buy German private bank Hauck & Aufhäuser Privatbankiers KGaA (H&A) for up to 210 million euros ($231.17 million), aiming to boost its services in Europe.

 

** French state-controlled utility EDF’s planned takeover of the nuclear reactor arm of Areva could hit Areva’s order book as utilities may not want to buy equipment from another utility, a parliament report released on Wednesday said.

 

** German airport operator Fraport is selling 51 percent of its freight handling unit Fraport Cargo Services (FCS) to freight and ground services firm Worldwide Flight Services (WFS), it said.

 

** Canadian law firm Gowlings has agreed to merge with Britain’s Wragge Lawrence Graham & Co LLP in a deal that could lead to further international expansion, the two firms said.

 

** Russian consumer credit firm TCS Group said it had bought an additional part of the credit card loan portfolio of Russian bank Svyaznoy Bank. ($1 = 0.6491 pounds) ($1 = 1.3550 Singapore dollars) ($1 = 0.9084 euros)

Mergers and Acquisitions-Deals of the day

 

** Health insurer Aetna Inc said on Friday it would buy smaller rival Humana Inc for about $37 billion in cash and stock, in the largest ever deal in the insurance industry.

 

** Canada’s Potash Corp of Saskatchewan said it was confident of addressing concerns raised by K+S over its 7.9 billion euro ($8.7 billion) takeover proposal for the German potash miner, giving K+S’s stock a boost.

 

** Russian broadcaster CTC Media said it had received a $200 million offer for 75 percent of its operating assets in Russia and Kazakhstan from UTH Russia, part-owned by billionaire Alisher Usmanov.

 

** Family-owned German car parts maker Eberspaecher is exploring strategic options including a partnership with an overseas peer or a partial sale as it seeks to expand its international footprint, several people familiar with the matter said.

 

** Abu Dhabi Islamic Bank, which recently failed in its bid for Citigroup’s Egypt retail business, is targeting acquisitions in 2016 in Asia, the Middle East, and North Africa, its chief executive said.

 

** Kuwait’s Al Ahli Bank received approval from the Gulf state’s central bank to buy Piraeus Bank’s Egyptian unit, it said on Monday.

 

** German asset manager Union Investment has bought most of the remaining assets of Austria’s Volksbanken as the part-nationalised group winds down after failing European bank stress tests.

 

** U.S. cigarette giant Philip Morris International Inc plans to sell a stake worth at least $1 billion in Indonesian unit PT HM Sampoerna Tbk to comply with free-float rules, two people familiar with the matter said on Monday.

 

** China Molybdenum Luoyang Co is poised to make an offer for an overseas mining project costing up to $2.15 billion, the latest push by a Chinese enterprise to acquire resource assets beyond its borders.

 

** U.S. media group Scripps Networks Interactive has offered to pay a total of 3.2 billion zlotys ($843.64 million) to buy the shares in Polish broadcaster TVN it does not already own to take full control over the company and delist it.

 

** Elliott Associates has bought shares in Samsung Fire & Marine Insurance Co Ltd, a spokeswoman for the South Korean firm said, potentially strengthening the U.S. hedge fund’s hand in its bid to block an $8 billion proposed merger of another two Samsung Group companies.

 

** Australian childcare operator Affinity Education on Monday urged shareholders not to accept a $121 million takeover offer from larger rival G8 Education Ltd, saying it would refer the all-share bid to regulators after what it called “opportunistic” off-market purchases of Affinity stock by G8.

 

** Berlin is wooing private investors including Macquarie and JP Morgan to take a stake in its much-delayed new international airport, German newspaper Bild wrote on Sunday.

 

** Mercedes F1 non-executive chairman Niki Lauda has dismissed a report suggesting Formula One rival Red Bull could switch from Renault to Mercedes engines with Aston Martin branding.

 

** Formula One’s commercial rights holders CVC Capital Partners are under no pressure to sell their controlling stake in the sport and want to keep it, co-chairman Donald Mackenzie told Reuters.

 

** German utility RWE is considering a restructuring that could see units such as RWE Generation and RWE Innogy being merged or swallowed up by the parent group as it battles an industry-wide crisis, a German newspaper reported on Saturday.

 

** Consolidation continues to be necessary in the auto industry but there is nothing new to report on Fiat Chrysler’s desire for a tie-up with General Motors , FCA CEO Sergio Marchionne said on Friday.

 

** South African gaming and hotel group Tsogo Sun Holdings has scrapped plans to buy a minority stake in two casinos owned by Sun International, the companies said.

 

** Copenhagen-based private equity firm Polaris said it had made a binding offer to acquire all outstanding shares in Danish ferry company Mols-Linien and planned to delist the company from the stock exchange.

 

** Creditors of insolvent German wind park operator Prokon have voted to try to revive the company themselves, rejecting a takeover bid from utility EnBW, the administrator said on Thursday.

 

** The entertainment arm of Chinese property conglomerate Dalian Wanda Group said on Friday it would lead an almost 6 billion yuan ($967 million) investment into one of China’s biggest travel websites, its first foray into online tourism.

 

** Dutch lender ING Group is set to win the auction to buy HSBC Holdings Plc’s Turkish business, people familiar with the matter said on Thursday.

 

** Dollar Tree Inc was given the go-ahead to buy Family Dollar Stores Inc by the U.S. Federal Trade Commission on condition that they sell 330 Family Dollar stores, putting to rest a year-long merger saga.

 

** Sycamore Partners is preparing an offer for Belk Inc that could value the U.S. department store chain at between $3 billion and $3.5 billion, including debt, and become the buyout firm’s largest deal, people familiar with the matter said on Thursday.

Summary of OTCQX Listing and Quotation Eligibility and Requirements for International Companies

Recently OTC Markets Group published its updated OTCQX Rules for International. Here is the summary. OTC Markets divides issuers into three  levels: OTCQX, OTCQB and OTC Pink.

The OTCQX has two tiers of quotation for U.S. companies: (i) OTCQX International Premier; and (ii) OTCQX International.  International issuers on the OTCQX must meet specified eligibility requirements.  Quotation is available for American Depository Receipts (ADR’s) or foreign ordinary securities of companies traded on a Qualifying Foreign Stock Exchange

International issuers on the OTCQB must either be fully reporting and current in their SEC reporting obligations or qualify for the Rule 12g3-2(b) exemption from SEC registration for foreign private issuers.  In addition, OTCQB entities must meet minimum price standards, file annual reports and pay annual fees, but do not undergo additional quality review.

International issuers on the pinksheets are not required to be reporting with the SEC nor are they required to qualify for the Rule 12g3-2(b) exemption from SEC registration for foreign private issuers.  Pinksheets are available to ADR’s and foreign ordinary securities of companies traded on a Qualifying Foreign Stock Exchange.  However, such issuers are then further qualified based on the level of voluntary information provided to OTC Markets. Issuers with no information are denoted by a skull and crossbones, issuers with limited financial and business information are classified as “limited information,” and issuers which provide information as set forth in the OTC Markets Pink Alternative Reporting Standard are denoted with a “current information” symbol.

The complete details are available on the OTC Link website, otcmarkets.com

Deals of the day – Mergers and acquisitions

 

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** London-listed drugmaker Shire Plc said it was ready to recommend a new 31 billion pounds ($53 billion) takeover offer from AbbVie Inc, entering talks after receiving a fifth bid from the U.S. firm.

** Generic drugmaker Mylan Inc said it would buy Abbott Laboratories’ specialty and branded generics business in developed markets outside the United States in an all-stock transaction valued at about $5.3 billion.

** Engineering design firm AECOM Technology Corp on Sunday said it would pay about $4 billion to acquire engineering and construction services firm URS Corp.

** Whiting Petroleum Corp said on Sunday it would acquire Kodiak Oil & Gas Corp for $3.8 billion in stock, to become the largest producer in North Dakota’s Bakken shale oil formations, eclipsing Harold Hamm’s Continental Resources Inc.

** Hospital operator Kindred Healthcare Inc raised its offer for Gentiva Health Services Inc to $16 per share, valuing the home healthcare services provider at about $2.53 billion.

** Shareholders of iconic Australian retailer David Jones Ltd approved a $2 billion takeover from South Africa’s Woolworths Holdings Ltd, voting overwhelmingly to create a southern hemisphere department-store giant.

** Brazilian investment bank Grupo BTG Pactual is buying Swiss private bank BSI for a knock-down 1.5 billion Swiss francs ($1.7 billion), extending an overseas push by the Sao Paulo-based lender controlled by billionaire financier Andre Esteves.

** Chinese private equity firm Hony Capital has struck a deal with Gondola Group to buy Britain’s Pizza Express chain for about 900 mln pounds ($1.6 billion), the companies said on Saturday.

** Canadian private equity firm Onex Corp is in advanced discussions to buy insurance claims services provider York Risk Services Group Inc for more than $1.3 billion, people following the situation said on Friday.

** Crumbs Bake Shop Inc may get a second chance if a bankruptcy judge approves a deal for the owner of Dippin’ Dots ice cream and the star of a reality television show to buy and reopen the U.S. cupcake chain, according to a court document.

** Swiss chocolate maker Chocoladefabriken Lindt & Spruengli said it had agreed to acquire family-owned U.S. candy business Russell Stover, giving it a bigger presence in the world’s largest chocolate market.

** Indonesian telecommunication tower operators PT Solusi Tunas Pratama Tbk and PT Tower Bersama Infrastructure Tbk are considering bidding for the tower assets of PT XL Axiata Tbk.

** Printer maker Lexmark on Monday raised its bid for Swedish software firm Readsoft to 50 crowns per share, topping a bid from software firm Hyland.

** Austrian real-estate company Immofinanz is interested in buying UniCredit’s 16.8 percent stake in peer CA Immobilien, Immofinanz’s chief executive said.

** Malaysia’s state Employees Provident Fund and RHB Capital have hired investment banks to advise on the country’s biggest banking merger, sources with direct knowledge of the matter said.

** Portugal’s financially troubled Espirito Santo family loosened its grip on the country’s largest listed bank, announcing a stake sale and hastening management change after prompting from the central bank which is trying to calm investors.

** Australia’s New South Wales (NSW) state government said on Monday it appointed UBS AG and Deutsche Bank AG to study the potential privatization of its A$20 billion ($19 billion) electricity network.

** Barrick Gold said on Sunday it was forming a joint venture with Saudi Arabian Mining Co to run its Jabal Sayid copper asset in the kingdom, a move that could see the long-delayed mine finally begin production in late 2015.

** Russia’s Rosneft, the world’s biggest listed oil company by output, has agreed to buy drilling and well-servicing assets of oil and gas service company Weatherford International in Russia and Venezuela, the company said on Sunday.

** Abraaj Investment Management, an affiliate of United Arab Emirates’ Abraaj Capital, has made an approach to buy at least a 51 percent stake in Egypt’s snack maker Bisco Misr, Bisco Misr said in a statement on Sunday.

** Saudi Arabia-based Olayan Financing Co said on Sunday it had acquired a majority stake in Gulf Union Foods Co from a group of investors including private equity firm Jadwa Investment.

** Masraf Al Rayan, Qatar’s largest Islamic bank by market value, said on Sunday it had agreed to sell its 50 percent stake in Seef Lusail Real Estate Development Co to the real estate arm of the Gulf state’s sovereign wealth fund.

** Austrian investor Rene Benko is not interested in taking control of German department store chain Karstadt, Focus magazine reported on Sunday, citing company sources.

** Brazil’s government does not believe a planned merger of Grupo Oi SA and Portugal Telecom SPGS SA is at risk, three sources with direct knowledge of the situation said on Friday, as tensions grew over Portugal Telecom’s debt deals with troubled Banco Espírito Santo SA.

** Buyout group KKR has launched an offer to take full control of German cutlery and coffee-machine maker WMF , which it then would delist from the Frankfurt stock exchange.

** Aujan Coca-Cola Beverages Co, a venture between Coca-Cola Co and Saudi Arabia’s Aujan Industries, said it had acquired a majority stake in National Beverage Co, a maker and distributor of Coca-Cola and other drinks in Lebanon.

** Indonesia’s Lion Air Group is in talks with Qantas Airways Ltd about buying the Australian carrier’s stake in the Singapore-based affiliate of its budget airline Jetstar, a person familiar with the matter told Reuters.

** Global commodity trader Noble Group Ltd has joined forces with a private equity group to set up an energy investment fund run by a former Royal Dutch Shell executive, its second such arrangement in a year.

Deals of the day – Mergers and acquisitions

 

The following bids, mergers, acquisitions and disposals were reported by 1415 GMT on Friday:

** U.S. cigarette maker Reynolds American Inc is in talks to acquire rival Lorillard Inc in a multi-billion dollar deal that would include the sale of some brands to Britain’s Imperial Tobacco Group Plc, the companies said.

** Some top investors in Shire Plc are urging it to engage with AbbVie to discuss the U.S. drugmaker’s $51 billion takeover bid as a prolonged silence from the London-listed drugmaker adds to uncertainty over a possible deal.

** FLSmidth said it had sold its German subsidiary Phaff Maschinenbau GmbH to Abag Anklagentechnik GmbH for an undisclosed price.

** Australian gas pipeline owner Envestra Ltd on Friday declared a final dividend earlier than planned, potentially throwing into doubt a A$2.2 billion ($2.07 billion) takeover offer from Hong Kong’s Cheung Kong Infrastructure Holdings Ltd (CKI).

** Whirlpool Corp, the world’s largest maker of home appliances, said it will buy 66.8 percent of voting stock of Italian white goods maker Indesit Co SpA for about 758 million euros ($1.03 billion) to spur its growth in Europe.

** Friends Life Group Ltd announced disposal of its Lombard unit to Blackstone Group for an initial consideration of 317 million pounds ($532 million).

** Malaysian upstream oil and gas company Sumatec Resources Bhd has agreed to buy Borneo Energy Oil And Gas in a cash and share deal worth $250 million, Sumatec said.

** Pernod Ricard has spent almost $100 million to gain majority control of Avion Spirits LLC, owner of top-of-the-range tequila brand Avion, as part of plans to expand in the United States, its largest market, the French firm said.

** Germany’s Krauss-Maffei Wegmann (KMW) downplayed a report that rival Rheinmetall could offer to buy the tank maker, saying it was barred from starting talks as long as it was in merger negotiations with France’s Nexter.

** Dutch software company Exact Holding is in sale talks with a series of private equity funds, including Apax and KKR, in a deal to take the company private that could be worth around one billion euros ($1.4 billion), several sources said on Friday.

** German utility EnBW said on Friday it would buy the 50 percent stake owned by Italy’s Eni in a jointly held gas grid company, taking full ownership of an asset that is expected to generate stable returns over the coming years.

** Onexim, the holding company of Russian tycoon-turned-politician Mikhail Prokhorov, is interested in buying Russian newspaper Vedomosti, the paper reported on Friday, citing unnamed sources. Onexim had sent a letter to Citibank, which is seeking buyers on behalf of Finnish media company Sanoma, expressing interest in buying Vedomosti, the paper and Russian agency Prime reported.

** Getin Holding SA plans takeovers in central and eastern Europe to benefit from low valuations and build regional presence, the Polish bank’s chief executive was quoted as saying.

Deals of the day – Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:

** It could take until 2016 before Lufthansa’s joint venture with Air China is fully up and running due to the time needed for anti-trust approval, the German airline’s chief executive said.

** Malaysia’s Genting Bhd, a gaming-to-plantations conglomerate, has completed the disposal of its 51 percent stake in Fujian Pacific Electric Co to Chinese government-owned SDIC Power Holdings Co Ltd for RMB 694 million ($112 million), it said on Thursday.

** Portugal’s securities market watchdog, CMVM, is analysing a major investment by Portugal Telecom in the debt of Rioforte, a holding company of the Espirito Santo banking family whose companies are under regulator scrutiny, sources said.

** State-owned Myanmar Petrochemical Enterprise (MPE) is seeking a partner to upgrade and expand the Thanlyin refinery, a tender document showed on Thursday.

The joint-venture partner will also handle the import, distribution and storage of petroleum products, MPE said in the tender issued on its website.

** Italian state holding company Cassa Depositi e Prestiti (CDP) aims to raise around 4-5 billion euros from selling its stakes in various companies, its chief executive said on Thursday.

** Qatar has sold a 5 percent stake in the London Stock Exchange for 260.1 million pounds ($442.6 million), cutting its holding by a third and making a profit of around 20 percent, according to Reuters calculations.

** France’s competition watchdog will give its ruling on the purchase by cable firm Numericable of mobile player SFR in the third quarter, following an in-depth review, the regulator’s boss said on Thursday.

** Malaysia’s second-largest bank CIMB Group Holdings Bhd said on Thursday it plans to merge its business with fourth-biggest lender RHB Capital Bhd and to create a larger Islamic bank with smaller rival Malaysia Building Society Bhd.

** Standard Chartered Bank said its private equity arm led a $124 million investment to buy a 28 percent stake in a commercial real estate project in China even as real estate prices ease.

** A planned merger of the Dubai Financial Market and the Abu Dhabi Securities Exchange (ADX) has been shelved for the foreseeable future as terms for the politically sensitive move could not be agreed, sources told Reuters on Thursday.

** A subsidiary of Chinese state oil giant China National Offshore Oil Corporation (CNOOC) has signed an around $1.6 billion deal to build equipment for a liquefied natural gas project in Siberia, the company said late on Wednesday.

** German retailer Metro is not interested in bringing together its Kaufhof department stores with the struggling Karstadt chain, its chief executive said.

** The majority owner of MV Agusta, Italy’s Castiglioni family, is looking to float up to 30 percent of the Italian motorcycle maker on the stock exchange, German daily Boersen-Zeitung reported on Thursday, citing financial sources in Milan.

It also said that German carmaker Daimler had approached MV Agusta, a rival of Volkswagen’s Ducati, in recent weeks, seeking to acquire a minority stake.

** Oilfield service firm Ezra Holdings Ltd said it is injecting its offshore support services division, EMAS Marine, into its associated company, EOC Ltd, in a stock-and-cash deal worth $520 million.

** Idemitsu Kosan Co acquired a 12 percent stake in Indonesia’s PT Mitrabara Adiperdana by purchasing shares in the coal miner on Thursday, the Japanese energy company said.

** Belgian medical supplies group Arseus will sell its IT unit Corilus to fully concentrate on medical compounds, Belgian business unit De Tijd wrote on Thursday.

** South Korea’s LS Nikko will set up a $96 million joint venture with Chilean state miner Codelco to recover gold and silver coming from Codelco’s smelting complex, LS Nikko said on Thursday.

** France’s CNP Assurances said on Thursday it had reached a 290 million euro ($396 million) deal with Spain’s Banco Santander creating a long-term strategic partnership in insurance in Europe.

** Banca Generali said it had reached an agreement to buy the Italian affluent and upper affluent private banking operations of Credit Suisse Italy.

** Veolia Environnement said it had reached a deal to sell its water, waste and energy services in Israel to Oaktree Capital Management as it seeks to refocus its geographical presence and trim debt.

** India’s Essar Global Fund Ltd is selling the U.S. operations of Aegis, its outsourcing and technology portfolio unit, to Paris-based rival Teleperformance SA for $610 million as the European company looks to boost its presence in the United States.

** New Zealand’s biggest unlisted property investment trust said it had sold a portfolio of 18 commercial and office buildings to Canada’s Public Sector Pension Investment Board for more than NZ$1.0 billion ($881 million).

** Australian agribusiness GrainCorp Ltd said it has bought a 10 percent stake in Egypt’s largest private flour miller, Five Star Flour Mills Co, strengthening its relationship with the world’s largest importer of wheat.

** Global investment company Kohlberg Kravis Roberts & Co LP has joined with Pacific Equity Partners (PEP) to ready a joint bid for compliance company SAI Global, Australian media reported on Thursday.

** Private equity firm Endless LLP is on the verge of sealing a deal to buy Wm Morrison Supermarkets’ online baby goods retailer, Sky News reported on Wednesday, citing sources.

** The Australian Financial Review in an online report said Glencore Plc is understood to have made an “informal approach” that could value graphite and vanadium prospector Syrah Resources Ltd at up to A$2 billion ($1.89 billion).

Deals of the day – Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:

** Germany’s monopolies commission urged the government to sell its 17 percent stake in Commerzbank, which the state purchased as part of an emergency bailout during the financial crisis.

** Poland’s largest refiner, PKN Orlen, told Reuters in emailed comments it had no plans to sell the Kralupy refinery, in the Czech Republic, which it owns through its Unipetrol subsidiary.

** Norway is beginning the privatisation of Mesta, the Nordic country’s largest operator of roads, the industry ministry said. Oslo-based brokerage Arctic Securities will be the ministry’s financial adviser.

** Bankers are lining up two separate debt financing packages worth 3.2 billion euros ($4.36 billion) to back the acquisitions of healthcare firms Quiron and Generale de Sante , banking sources said on Wednesday.

** Israeli real estate developer Azrieli Group said Shlomo Holdings Ltd called off a deal to buy Sonol Israel due to the sudden death of Shlomo’s chairman and controlling shareholder, Shlomo Shmeltzer.

** Romanian investment fund Fondul Proprietatea said it raised 212.7 million lei ($66 million) for its 13.5 percent stake in state-owned power grid operator Transelectrica through an accelerated bookbuilding process.

** Billionaire Carlos Slim’s America Movil said on Tuesday it is ready to divest assets in an unprecedented step to cut its market share in Mexican telecoms below 50 percent and escape the burden of tougher regulations.

** Chinese steel giant Baosteel Resources and Australian rail operator Aurizon Holdings Ltd said they will make a compulsory acquisition of Aquila Resources Ltd after raising their joint stake to over 90 percent.

** Empire Co Ltd, the operator of Canadian grocery chain Sobeys Inc, said it will sell its dairy manufacturing plants in Western Canada to Agropur Cooperative for $356 million.

** The International Finance Corp (IFC), the World Bank’s private investment arm, is seeking an independent analysis of Brazilian bank Itaú Unibanco Holding SA’s planned takeover of Chile’s CorpBanca, in which the IFC holds a 5 percent stake.

** U.S. drugmaker AbbVie Inc has been forced to retract comments by its chief executive about shareholder support for its bid for Shire Plc after being caught out by British takeover rules.

Under UK Takeover Panel rules a company attempting to acquire a rival is not allowed to claim support for its bid unless it has this in writing from shareholders. (Compiled by Rohit T.K. in Bangalore)

Deals of the day – Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:

** Omega Pharma NV, a Belgian healthcare products distributor, said any speculation about the future of the company was premature as no decision had yet been taken, following a report that it could sell itself.

** Singapore sovereign investor Temasek Holdings Pte Ltd said on Tuesday it intends to keep investing in Chinese banks even as it reported a slowdown in its portfolio growth due to a drop in the value of some of its bank holdings.

** Romanian investment fund Fondul Proprietatea plans to sell its 13.5 percent stake in state-owned power grid operator Transelectrica through an accelerated bookbuilding process, it said on Tuesday.

** Italy’s state-lender Cassa Depositi e Prestiti (CDP) said on Tuesday it had completed the placement of a 1.913 percent stake in insurer Assicurazioni Generali at a price of 15.7 euros per share.

** Finnish chemicals company Kemira said on Tuesday it would buy rival Akzo Nobel’s paper chemical business for 153 million euros ($209 million).

** Carrefour SA will shut its Indian operations and close its wholesale stores in the country as the French retail giant pulls out of underperforming markets to focus on reviving flagging sales at home.

** India plans to sell a 5 to 10 percent stake in state-run energy explorer Oil and Natural Gas Corp in a deal that could fetch it as much as 350 billion rupees ($5.84 billion) at current market price, the Economic Times newspaper reported on Tuesday.

** Australian agribusiness Elders confirmed on Tuesday it has received a number of approaches about its business, pushing its shares to a more than 18-month high, but said its board was not currently considering any offer.

** A creditor who hopes to rescue the bankrupt New York City Opera filed an objection on Monday to delays in consideration of his bid and called for an independent trustee to be put in charge.

Businessman Gene Kaufman made an undisclosed offer six months ago to buy “the people’s opera” and salvage the venerable cultural institution.

** Macquarie Infrastructure Co LLC said it would buy the 50 percent stake in liquids storage provider International-Matex Tank Terminals (IMTT) that it does not control for $1.03 billion in cash and stock. (Compiled by Rohit T.K. in Bangalore)

Deals of the day – Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** U.S. agricultural commodities group Archer Daniels Midland said it is buying food flavors and specialty ingredients company Wild Flavors for 2.2 billion euros ($3 billion) in cash and will assume about $136 million of net debt.

** Global miner Anglo American Plc said it would sell its 50 percent stake in Lafarge Tarmac to Lafarge for a minimum consideration of 885 million pounds ($1.51 billion) in cash, on a debt and cash free basis.

** Global brewer SABMiller said it would dispose of its $1 billion stake in Tsogo Sun, the South African-listed gaming, hotel and entertainment group. SABMiller has a 39.6 percent shareholding in Tsogo Sun valued at about $1.09 billion.

** Australian gaming machine maker Aristocrat Leisure Ltd has agreed to buy privately owned U.S. peer Video Gaming Technologies (VGT) for $1.28 billion in a deal that will help Aristocrat grow in the United States.

** Billionaire Petr Kellner’s PPF Group raised its stake in phone operator O2 Czech Republic by 7.16 percent to 73.1 percent in a mandatory buyout offer to minority shareholders, PPF said.

** Sweden’s Tele2 has agreed to sell its Norwegian mobile telecoms business to rival TeliaSonera for 5.1 billion Swedish crowns ($744 million), in a deal that will test the resolve of competition regulators amid a wave of telecoms industry consolidation.

** U.S. travel giant Expedia Inc said it agreed to buy Australian online travel agent Wotif.com Holdings Ltd for $660 million, with Wotif saying that fierce competition in an uncertain market had helped convinced it to sell.

** Egypt’s Beltone Financial and billionaire Naguib Sawiris refused to accept an offered 9.5 percent stake in EFG Hermes, less than half the amount sought, they said.

** Business software firm Hyland said it had raised its bid for Sweden’s Readsoft, topping a bid from U.S. printer maker Lexmark.

** Orbotech has agreed to acquire SPTS Technologies Group, a UK-based manufacturer of equipment for the microelectronics industry, from European private equity firm Bridgepoint and others for $370 million in cash.

** Touchscreen chipmaker Atmel Corp said it would buy Newport Media, a maker of low-power Wi-Fi and bluetooth gear, for $140 million to gain ground in a technology that helps connect everything through the Internet.

** Spanish telecoms group Telefonica has agreed to buy an 11.1 percent stake in the Italian pay-TV business of Silvio Berlusconi’s media group Mediaset for 100 million euros ($136 million), Mediaset said on Monday.

** Australia’s Poseidon Nickel Ltd has agreed to acquire the Black Swan nickel project from Russia’s Norilsk Nickel, the firm said on Monday.

** France’s Areva and Spain’s Gamesa finalised their joint venture to develop offshore wind farm projects and laid out an objective to win close to 20 percent of the market in Europe by 2020.

** Cement makers Lafarge and Holcim on Monday proposed a series of asset sales across Europe, including all of Holcim’s French activities and Lafarge’s German and Romanian ones, as they seek approval from regulators for their merger.

** Dutch construction company BAM Group on Monday promised cost savings and property divestments of some 200 million euros ($272 million) a year in response to losses at two building projects in Germany and Britain.

** Swiss insurer Helvetia said on Monday it had agreed to buy Nationale Suisse to create an insurance company with estimated annual profits of more than 500 million Swiss francs ($560 million).

** French state-owned bank Caisse des Depots (CDC) on Sunday said it was not mulling a counter bid for French resort operator Club Mediterranee in which it was a shareholder.

** Bulgaria, one of five EU states that depend totally on Russia for nuclear fuel, is set to take a step towards diversifying its suppliers when Westinghouse Electric Company buys a stake in a state-controlled firm building new atomic units.

** Israel Corp said on Sunday it would move ahead with a restructuring plan for its subsidiary shipping company Zim after a court ruled last week that the government must be more flexible with its “golden share” in the company.

** Six potential bidders, including Dutch commodity trader Trafigura and Hong Kong-listed MMG Ltd, are looking at the books of BHP Billiton’s Australian nickel unit, the Australian Financial Review reported on Sunday, without saying where it got the information.

** Israeli conglomerate Delek Group signed a memorandum of understanding to sell a controlling 47 percent stake in Israeli insurer Phoenix Holdings for nearly 1.7 billion shekels ($498 million) to New York-based Kushner Group.

** Kuwait Food Co (Americana) said on Sunday it had no knowledge of any firms interested in buying its business, contrary to recent media reports.

** India’s new government will seek to raise up to a record $11.7 billion in asset sales in its maiden budget this week, a senior government source said, bolstering state finances and buying time for structural reforms to revive a weak economy. (Compiled by Rohit T.K. in Bangalore)

Deals of the day – Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Thursday:

** Outgoing Slovenian Prime Minister Alenka Bratusek said on Thursday she plans to stop all privatizations until a new government is formed after the July 13 snap election.

State investment firm SDH is in charge of selling 15 firms that were earmarked for sale last year and include the second largest bank Nova KBM and airport operator Aerodrom Ljubljana .

Europe’s biggest construction and concessions company, Vinci , had said on Thursday that it was bidding to buy the Slovenian airport operator.

** Hungary’s government plans to make further acquisitions in the energy sector and is also in advanced talks to buy Bombardier Inc’s stake in Hungarian rail transportation firm Bombardier MAV Kft, the development minister said on Thursday.

** AbbVie Inc Chief Executive Richard Gonzalez has pressed the case for his $46 billion pursuit of drugmaker Shire Plc in discreet meetings with shareholders in London this week and is now weighing his next move, according to people familiar with the matter.

** Ousted American Apparel Inc Chief Executive Officer Dov Charney has handed over his entire stake and voting rights in the struggling retailer to Standard General LP, enabling the fund to negotiate directly with the independent directors over the company’s future, two sources close to the matter said on Wednesday.

** Fiat SpA said late on Wednesday it had called a shareholder meeting on Aug. 1 to approve the merger between the Italian carmaker and its U.S. unit Chrysler.

** RSA Insurance Group Plc has reached an agreement to sell its business in China for 71 million pounds ($119 million), one of several smaller asset sales aimed at shoring up the British company’s finances.

** German automaker Volkswagen AG on Thursday denied rumors that it was planning to bid for U.S. truck maker Paccar next year.

Volkswagen was preparing to launch a takeover bid for U.S. Paccar next year, Daimler Trucks Chief Wolfgang Bernhard told analysts at Bernstein Research.

** Lululemon Athletica Inc founder Dennis Wilson’s advisers have been talking to private equity firms including Leonard Green & Partners to find out if they are interested in buying the fashionable yoga gear maker, the Wall Street Journal reported citing people familiar with the matter.

** Japan’s Dai-ichi Life Insurance Co Ltd will issue up to 275.9 billion yen ($2.7 billion) in new shares to help fund its planned acquisition of U.S. peer Protective Life , according to a regulatory filing with the finance ministry.

** German retailer Metro AG is no longer ruling out selling its stake in Media-Saturn Holding to the electronics chain’s founder Erich Kellerhals, a newspaper reported on Thursday, citing a senior Metro executive.

** German sports-car maker Porsche said on Thursday it raised its stake in engineering company Bertrandt AG to about 29 percent.

** Swedish centre-right government will in coming months unveil a new list of additional state-owned holdings in companies it will seek to sell during a possible third term in office, Finance Markets Minister Peter Norman said on Wednesday.

** Turkish Islamic lender Bank Asya said on Thursday reports that exclusive talks had ended with Qatar Islamic Bank over acquiring a stake in the Turkish lender did not reflect the truth.

** Zurich Insurance Group AG said it would take a hit of around $300 million to net income after selling its Russian retail business to the OLMA Group, part of the insurer’s strategy to shed underperforming units.

** Indonesian coal miner PT Bumi Resources Tbk has transferred a 19 percent stake worth $950 million in its unit, Kaltim Prima Coal, to China Investment Corp as part of its debt repayment to the sovereign wealth fund.

** Privately held Weinstein Company is looking to spin off its television division into a separate company, seven months after the film studio decided to expand that business, the New York Times reported.

** Occidental Petroleum Corp has failed to sell a stake in its Middle East business and now plans to sell some assets piece by piece, Bloomberg reported on Wednesday, citing people with knowledge of the matter.

** Russia’s Rosneft has submitted details of a deal to buy an oil trading unit of Morgan Stanley to a confidential U.S. committee that evaluates national security risks, the Wall Street Journal reported, citing a source familiar with the matter

** Commercial real estate broker BR Properties SA sold a stake in a real estate investment trust managed by investment banking firm Grupo BTG Pactual SA for 418.6 million reais ($188 million), according to a securities filing on Wednesday.

** State-run Caixa Econômica Federal, Brazil’s largest mortgage lender, is considering selling a pool of distressed consumer loans to investors, the first step in a broader plan to get rid of bad loans and free up capital, a source said on Wednesday.

About 3 billion reais ($1.35 billion) worth of defaulted loans could be sold to funds that specialize in dealing with distressed assets, the source said.