DealZone Daily

February 1, 2010

Walt Disney is looking to sell what is left of its Miramax film unit, which could bring in more than $700 million, The New York Times reports, citing a mergers and acquisitions expert with knowledge of the process.

Meanwhile, the Ontario Teachers’ Pension Plan is planning a 1.7 billion pound bid for Britain’s Northumbrian Water, according to the Sunday Times newspaper.

Here are other deals reported over the weekend and on Monday:

Ports operator DP World, part of Dubai World conglomerate, is considering an $880 million initial public offering by spinning off some of its Australian assets, a report says. Click here for Reuters story.

HSBC is considering a bid for a major Chinese bank to reinforce its presence in the country as as other foreign lenders retrench, the Sunday Telegraph reports, citing unnamed sources.

RBS is back to the negotiating table on the sale of its 51 percent stake in commodities joint venture RBS Sempra, as suitor JPMorgan doesn’t want the U.S. business, according to SparkSpread.

Miner Vedanta may spin of six businesses, according to a UK press report.

Permira and John Lovering, the veteran UK retail executive, have teamed up to prepare a bid for sofa retailer DFS, valued at about 500 million pounds, the Sunday Times says.

Citigroup plans to sell or split off its $10 billion Citi Private Equity unit, Bloomberg reports.

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