Deals du Jour

October 5, 2009

At long last, Europe may see its first sizeable IPO: Aviva says it expects to complete the flotation of its Dutch unit, Delta Lloyd, in November. And shares in Telenor jump 15 percent after it settles a long-standing row with Russia’s Alfa Group. The agreement will involve a pooling of assets between the two companies. For these and other stories on deals, click here.

And here’s what we found of interest in other media today and over the weekend.

Shoprite Holdings Ltd chairman Christo Wiese is looking to swap some or all of his stake in Africa’s biggest grocer for stock in furniture maker Steinhoff, a South African newspaper reports.

Hana Financial Group, South Korea’s No. 4 banking group, is seeking to raise 1 trillion-2 trillion won ($853 million-$1.7 billion) in a rights offering, according to media reports.

A U.S.-led consortium has entered the race to buy Volvo from Ford, the Financial Times reports, in a challenge to China’s Geely Automotive, which confirmed its interest in the money-losing Swedish carmaker last month.

Chinese steel and iron ore group Baosteel has proposed to pay 1 billion pounds ($1.6 billion) for a 30 percent stake in Anglo American’s  huge Minas Rio iron ore mine in Brazil, according to a report.

British housebuilder Taylor Wimpey  is considering the sale of its North American housing operations, which have been hit hard by the global recession, in a bid to cut debt, the Sunday Times reports.

Barclays Bank Plc is likely to enter exclusive talks this week to buy insurer Standard Life’s banking division, the Mail on Sunday reports.

British general insurer RSA has scrapped plans for a $1 billion rights issue to fund major acquisitions and will instead focus on smaller bolt-on buys, the Sunday Telegraph reports.

A Kohlberg Kravis Roberts-led consortium leads the bidding for Northrop Grumman Corp’s TASC unit, the Financial Times reports.

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