Deals of the day -- mergers and acquisitions

Written By Unknown on Rabu, 27 Februari 2013 | 18.12

Wed Feb 27, 2013 5:34am EST

Feb 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Wednesday:

** Denmark's DONG Energy, 80 percent owned by the Danish government, said on Wednesday it plans to sell 10 billion crowns ($1.75 billion) of non-core asset, hopes to raise 6-8 billion crowns in fresh equity and will sell down some core activities to restore profitability.

** Abu Dhabi's Etihad Airways paid $70 million to buy Jet Airways' slots at London's Heathrow airport and said it remains in talks to buy a stake in the Indian carrier.

** Itochu Corp said on Wednesday it will form a partnership with European oil trading house Vitol Group to export liquefied petroleum gas from the United States to Asia.

Itochu will take a 34 percent interest in Vitol's planned $500 million LPG refining, storage and exporting base in Texas, it said in a statement. A final investment decision on the project will be made in June, an Itochu spokesman said.

** Belgium's Tessenderlo said on Wednesday it plans to sell its compounds business to Japan's Mitsubishi Chemical Corp, the latest in a string of divestments as the company tries focus on specialty chemicals. The company did not disclose the price of the sale.

** The Russian government plans to sell 20 percent of Novorossiysk Commercial Sea Port by the end of this year, but not in the spring, Russia's State Property Agency said on Wednesday.

** Central European Media Enterprises said it is looking to raise cash by selling assets, raising fees and holding talks with its largest shareholder, Time Warner Inc , over increasing its stake in the broadcaster.

** Starwood Retail Properties is in talks to buy four lower sales-generating malls from Macerich Co, two sources familiar with the deal said on Tuesday.

** Vodafone Group Plc has suspended plans to approach Kabel Deutschland Holding AG about a takeover bid, Bloomberg cited three people familiar with the matter as saying.

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