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MERGERS/DEALS (UPDATE 3)

Published 06/23/2009, 04:27 PM
Updated 06/23/2009, 04:32 PM
CHG
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** LUKOIL is examining the potential acquisition of several refineries in a number of European countries over "the mid-term," a senior executive said.

** Reinsurance company IPC Holdings Ltd said it has held talks with suitor Validus Holdings Ltd but it has also solicited takeover interest from other companies.

** Singapore Technologies Telemedia, a unit of state investor Temasek Holdings, said it was looking at investing in Irish telecoms group eircom through its parent Eircom Holdings.

** ABG Shipyard Ltd said it has bid for a stake in Great Offshore Ltd, countering a previous offer by Bharati Shipyard.

** Atria Skandinavia, part of the Finnish food group Atria Oyj said it agreed to sell its Latta Maltider business in Norrkoping, Sweden, to online retailer Fresh Direct.

** Bankrupt U.S. regional carrier Frontier Airlines Holdings Inc has reached a deal to sell itself to Republic Airways Holdings Inc for $108.75 million so it can exit bankruptcy protection.

** Russia's Communications Minister Igor Shchyogolev said the most optimal path for the development of the local telecoms sector is to merge Svyazinvest with one of the "Big Three" operators.

** British military goods maker Chemring Group Plc said it had 100 million pounds ($165 million) available for acquisitions after lifting underlying first-half profit by 67 percent.

** Private equity firm Pamplona Capital Management said it has upped its stake in Chaucer Holdings to 9.99 percent, offering a challenge to Brit Insurance's proposed all-share offer announced on Monday.

** Brazilian iron ore miner MMX said it received a nonbinding offer from China's Wuhan Iron And Steel Inc for a minority stake in it and its subsidiary MMX Sudeste Mineracao.

** Nickel and gold explorer Dwyka Resources Ltd said it agreed to buy British mineral explorer Minerva Resources Plc in an all-share deal valued at about 1.8 million pounds ($2.9 million). (Compiled by Tina Kwan in Singapore; R. Manikandan and Antonita Madonna Devotta in Bangalore)

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