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UPDATE 2-Deals of the day -- mergers and acquisitions

Published 10/01/2010, 04:09 PM
Updated 10/01/2010, 04:12 PM
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** French oil group Total has paid Italian refiner Erg SpA 101 million euros ($138 million) to set up their Italian refining and oil products marketing joint venture, Erg said on Friday.

** U.S. buyout firm TPG and the private equity unit of Goldman Sachs gained European Union regulatory approval on Friday to acquire diaper-maker Ontex from rival Candover

** SemCrude LP, subsidiary of SemGroup Corp, sold part of its share in the White Cliffs crude oil pipeline for at least $141 million, but will retain a 51 percent interest, the company said on Friday.

** AllianceBernstein Holding LP said it acquired Alternative Investments Group from SunAmerica.

** Indonesia's government has approved state-owned PT Bank Rakyat Indonesia's (BRI) plan to buy mid-sized lender Bank Bukopin, State Enterprises Minister Mustafa Abubakar said on Friday.

** Exfo Inc sold its life sciences and industrial division for $24.3 million in cash to private-equity firm, The Riverside Co, to focus on its core telecom business.

** Private equity firm Lion Capital won European Union regulatory approval on Friday for its purchase of French frozen food company Picard Surgeles from rival BC Partners

** Russian oil company TNK-BP, half owned by BP, decided on Friday to make the British major an offer for its Venezuelan and Vietnamese assets, a source familiar with the decision said.

** Indian engineering conglomerate Larsen & Toubro has sold 2.4 percent stake in Mahindra Satyam in September, the outsourcer said in a statement to the stock exchange.

** Banco Popolare has agreed to sell its 95 percent stake in Banca Caripe to Cassa di Teramo for 228 million euros, a source close to Cassa di Teramo told Reuters on Friday.

** CriticalControl Solutions Corp acquired Visible Data Group for $0.75 million.

** Industrial Alliance Insurance and Financial Services Inc said it signed an agreement to acquire National Warranties MRWV Ltd in a deal whose transaction amount was not disclosed. (Compiled by Megha Mandavia and Soham Chatterjee in Bangalore)

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