Deals of the day- Mergers and acquisitions

  • Reuters
  • Stock Market News
Deals of the day- Mergers and acquisitions
Credit: © Reuters.

(Adds Starwood Hotels , Fresh Market)

March 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** U.S. hotel operator Starwood Hotels & Resorts Worldwide (NYSE: HOT ) Inc HOT.N received a buyout offer from a consortium led by China's Anbang Insurance Group, possibly derailing the company's planned takeover by rival Marriott International Inc MAR.O . China Vanke Co Ltd 2202.HK , the mainland's biggest property firm, signed a deal worth up to $9.3 billion that could make subway operator Shenzhen Metro Group its biggest investor, intensifying a battle for control between Vanke's management and biggest current shareholder, financial conglomerate Baoneng. Polyus Gold PLZL.MM , Russia's largest gold producer, has paid $3.4 billion to buy back 31.6 percent of its shares from its main shareholder Polyus Gold International Ltd. China Overseas Land & Investment 0688.HK is buying the residential real estate business of conglomerate CITIC 0267.HK for 31 billion yuan ($4.8 billion) as the state-owned property developer moves to secure land amid their rising prices. Specialty grocery retailer Fresh Market Inc TFM.O agreed to be acquired by private equity firm Apollo Global Management LLC APO.N for about $1.36 billion in cash. India's Kotak Mahindra Group said it has signed an agreement with Canada Pension Plan Investment Board (CPPIB) to invest up to $525 million in stressed assets in the country's banking and corporate sectors. British utility SSE Plc SSE.L said it would sell a 49.9 percent stake in a flagship wind farm in South Lanarkshire to Greencoat UK Wind Plc UKWG.L and GMPF & LPFA Infrastructure LLP (GLIL) for 355 million pounds ($510 million). IFM Global Infrastructure Fund wants to increase its stake in Vienna Airport VIEV.VI to as much as 39.9 percent for 100 euros ($111.49) per share - a premium of almost 21 percent to the airport's last closing share price, IFM said. Grand Marnier GDMR.PA said Italy's Campari Milano SpA CPRI.MI , the world's sixth-largest premium spirits maker, was set to acquire the global distribution business of the French cognac maker, confirming a report by Bloomberg. China's state-owned utility State Power Investment Corp CPWRI.UL , fresh from a $2.5 billion acquisition of Australian renewable company Pacific Hydro Pty Ltd, has signed an agreement with Banco Santander (MC: SAN ) to acquire its Australian Taralga Wind Farm Pty Ltd for an enterprise value of about A$300 mln ($227 mln), sources said. LGT, the private banking and asset management group owned by Liechtenstein's princely family, has agreed to buy a majority stake in Britain's Vestra Wealth, which has 5.6 billion pounds ($8 billion) in managed assets, LGT said. France's Safran SAF.PA said it was talking to potential buyers of its airport explosives detection business, and announced a strategic review of the rest of its identity and security activities as it focuses on aviation and defense. Saudi Arabia Fertilizers Co 2020.SE (SAFCO) is considering taking full control of chemical fertiliser producer Ibn Al-Bayttar by buying out its joint venture partner Saudi Arabia Basic Industries Corp 2010.SE (SABIC), SAFCO said on Sunday. Grupo Odebrecht SA ODBES.UL , Latin America's largest engineering conglomerate, is considering selling its stake in petrochemical producer Braskem SA BRKM5.SA , according to three sources with direct knowledge of the situation. ($1 = 0.70 pounds)

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