Deals of the day -- mergers and acquisitions

Written By Unknown on Selasa, 18 Desember 2012 | 18.12

Tue Dec 18, 2012 5:55am EST

Dec 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1055 GMT on Tuesday:

** American International Group Inc raised $6.45 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, exiting a business the U.S. insurer started nearly 100 years ago.

** Gulf carrier Etihad is buying a 70 percent stake in Air Berlin's frequent-flyer programme as the German airline seeks to cut costs and pay down debt.

** Japan's Sumitomo Life Insurance Co is close to agreeing to buy HSBC Holding's 18 percent stake in its Vietnam insurance business for about 30 billion yen ($360 million), a source familiar with the matter said on Tuesday.

** U.S. private equity firm Cerberus Capital Management is selling its investment in gunmaker Freedom Group, whose AR 15 rifle was used in a U.S. school massacre last week, following pressure from a major investor.

** Private equity group Ratos and a Swedish pension fund said on Tuesday they would jointly buy a 50 percent in stake in Norwegian oil services group Aibel in a deal valuing the company at 8.6 billion crowns ($1.53 billion).

** Gaming group Rank could have to sell six casinos in Britain to win clearance for a takeover of a rival operator, the Competition Commission said on Tuesday.

** India's Mahindra & Mahindra will buy Navistar International Corp's stakes in the automakers' two joint ventures in the country, in a $33 million deal as the troubled U.S. truckmaker looks to dump its underperforming businesses.

** Italian refiner Saras said it had agreed a joint venture with Russia's Rosneft for trading and processing crude oil and selling petrol products.

** Banco Sabadell said it had reached a deal to buy Banco Mare Nostrum's branch network and business for 350 million euros in two Spanish regions.

** KB Financial Group Inc's board said in a statement on Tuesday that it rejected the company's proposed acquisition of ING Groep NV's South Korean insurance unit because of the uncertain economic outlook for next year.

** German shipping company Hapag-Lloyd and peer Hamburg Sued are considering a merger, Hapag-Lloyd said on Tuesday.

** Thai beer baron Charoen Sirivadhanabhakdi tried and failed to acquire an additional stake of 10 percent in Fraser and Neave Ltd (F&N), piling pressure on him to raise his earlier $7.2 billion takeover bid for the Singapore conglomerate.

** Knight Capital Group's board was split between two competing offers for the firm after a meeting on Monday where suitors Getco Holding Company LLC and Virtu Financial LLC presented their sweetened bids to Knight's directors, sources involved in the talks said.

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