(Adds Royal Bank of Scotland, Aer Lingus , Airwave Solutions,
Enav, Kik Interactive, Sprott Asset Management; Updates
Snapdeal)
Aug 18 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Tuesday:
** British state-backed lender Royal Bank of Scotland Group
Plc RBS.L has sold its Luxembourg-based funds business to
BlackFin Capital Partners, a private equity firm that
specialises in financial services. ID:nL5N10T3AH
** BB&T Corp (NYSE:BBT) BBT.N said it would buy National Penn
Bancshares Inc NPBC.O in a cash-and-stock deal for about $1.8
billion to expand in the U.S. Mid-Atlantic region.
ID:nL1N10T018
** Motorola Solutions Inc (NYSE:MSI) MSI.N is in advanced talks to
buy UK-based communications company Airwave Solutions Ltd as it
looks to strengthen its software and services business,
Bloomberg reported, citing people familiar with the matter.
ID:nL3N10T4UJ
** Ryanair Holdings Plc RYA.I on Tuesday formally agreed
to sell its stake in Aer Lingus Group Plc AERL.I to British
Airways owner International Airlines Group SA ICAG.L , giving
IAG the approval of over 90 percent of shareholders in Ireland's
former flag carrier. ID:nL5N10T2R0
** U.S. solar company SunEdison Inc SUNE.N said it would
form a $1 billion warehouse investment vehicle along with funds
managed by Goldman Sachs Group Inc (NYSE:GS) GS.N to fund construction
and buy operating assets. ID:nL3N10S523
** Metal bearing components maker NN Inc NNBR.O said it
agreed to buy Precision Engineered Products Holdings Inc for
$615 million in cash to expand in medical, electrical, and
aerospace end markets. ID:nL3N10S56C
** China's Alibaba (NYSE:BABA) Group Holding Plc BABA.N , Japan's
SoftBank Group Corp 9984.T and Foxconn will lead an investment
of $500 million in India's Snapdeal, the online marketplace said
on Tuesday, as it seeks to expand in the country's fast growing
ecommerce sector. ID:nL3N10T3ZJ
** Citigroup Inc (NYSE:C) C.N is selling its alternative investor
services business to financial technology provider SS&C
Technologies Holdings Inc SSNC.O for $425 million, subject to
adjustments. ID:nL3N10T41O
** Qantas Airways Ltd QAN.AX said it had reached a deal to
sell its lease on Sydney Airport's Terminal 3 to Sydney Airport
Holdings Ltd SYD.AX for A$535 million ($393 million), adding
to the airline's cost-saving drive. ID:nL3N10S5IR
** Comcast Corp's CMCSA.O NBCUniversal said it had
invested $200 million in online publisher BuzzFeed and that the
companies would also consider "strategic partnerships" in the
coming months. ID:nL3N10T3XU
** China's Tencent Holdings Ltd 0700.HK has taken a $50
million stake in Kik Interactive, an investment that values the
Canadian mobile messaging company at more than $1 billion, Kik
said on Wednesday. ID:nL1N10T1C1
** Nearly a third of investors in precious metals funds
Central GoldTrust GTU_u.TO and Silver Bullion Trust SBT_u.TO
have agreed to a bid from Canada's Sprott Asset Management
SII.TO , a person familiar with the offer said on Tuesday.
ID:nL1N10T0SK
** John Menzies Plc MNZS.L , facing pressure from investors
to consider splitting its two businesses, said that keeping its
newspaper and magazine distribution and aviation units together
was the "best way forward". ID:nL5N10T1JY
** The board of directors of Brazil's state-controlled oil
company Petroleo Brasileiro SA PETR4.SA approved the sale of
at least 25 percent of its fuel unit BR Distribuidora, according
to board minutes published in a securities filing late Monday.
ID:nL1N10T05N
** The administrators and creditors of collapsed Dutch
engineering services firm Royal Imtech IMUN.AS pressed on with
the forced sale of its businesses to raise funds to settle its
bills. ID:nL5N10T1LO
** Canada Pension Plan Investment Board, the largest pension
fund manager in Canada and one of its most active dealmakers,
said it invested C$170 million ($130 million) in a Malaysian
real estate joint venture, marking its first direct real estate
investment in Southeast Asia. ID:nL1N10T0NO
** Gene-sequencing giant Illumina Inc ILMN.O , private
equity firm Warburg Pincus LLC and venture capital firm Sutter
Hill Ventures have agreed to invest $100 million to seed a new
consumer-facing human genome platform called Helix, according to
people familiar with the deal. ID:nL1N10S241
** The Italian treasury has started sounding out banks for
the sale of a stake of up to 49 percent in air traffic control
operator Enav which is expected to take place next year, sources
familiar with the matter said on Tuesday. ID:nL5N10T1U2
** Poland's treasury said on Tuesday it would continue talks
with a potential investor for flagship airline LOT LOT.UL
despite the resignation of the carrier's chief executive.
ID:nL5N10T32G
($1 = A$1.36)