Deals du Jour
Deals abound. This morning, Vivendi launches a bid for GVT, a Brazilian telecom operator. The deal will be worth some 2 billion euros if completed. And overnight, it became clear who are the bidders for the 46 percent-stake in Kuwaiti telecom operator Zain. A consortium of Indian telecom companies will pay some $13.7 billion for the holding, together with a Malaysian investor. For other Reuters stories on deals, click here.
And here are some deal-related stories in other media.
* China Vanadium Titano Magnetite Mining and sportswear retailer Peak Sport Products aim to launch initial public offerings in the next few weeks, a Hong Kong newspaper reported.
* China’s Yantai Wanhua Polyurethane Co (600309.SS) is seeking to buy a stake in privately owned Hungarian chemicals firm BorsodChem as a long-term strategic investor, business daily Napi Gazdasag says.
* Brookfield Incorporacoes, the Brazilian real estate unit of Canada’s Brookfield Asset Management (BAMa.TO)(BAM.N), plans to sell about 600 million reais ($326 million) of stock, Valor Economico newspaper reports.