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.
** Halcon Resources Corp said it acquired a working interest in certain oil and gas leases for an initial price of about $194 million.
** 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)
** Cytec Industries Inc will sell its self-adhesive business to German consumer goods company Henkel for $105 million in cash to focus on higher-margin specialty chemicals.
** 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.