Deals du Jour

Royal Bank of Scotland is talking to investors to gauge support for a “modest” equity placement of 3 to 4 billion pounds, a source tells us, as it tries to limit government control.  JPMorgan and Cazenove are thought to be close to agreeing a price for Cazenove’s share of their J.P. Morgan Cazenove joint venture before the end of the year, the Independent on Sunday newspaper says.

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German power giant E.ON is in advanced talks with potential partners to build new solar power plants in Andalusia, southern Spain, its chief executive tells Spanish daily Expansion.

Chinese industrial gas provider Yingde Gases Group aims to raise up to HK$3.58 billion ($462 million) in a Hong Kong initial public offering later this month, a Hong Kong newspaper reports.

Martindale, the UK’s leading maker of methadone, has attracted interest from a number of private equity groups, the Financial Times reports on Sunday.

Flood of utility asset sales expected in Europe

KOSOVO(From Acquisitions Monthly)

A round of disposals is set to follow the recent spate of consolidation in Europe’s utility industry, which analysts say could turn into a flood. They reckon the value of assets to be put up for sale could reach more than €30bn. Reasons for selling range from deleveraging, focusing on core activities or regulatory rulings following acquisitions.

France’s EDF has said it intends to sell €5bn worth of assets, with the sale of a minority stake in French high-voltage power grid RTE a possibility as well as its stake in outsourcing firm Dalkia.

Germany’s E.ON could raise €10bn from asset disposals, which include its German high-voltage power networks and its municipal utilities holding company Thuega.