Oct 13 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1030 GMT on Tuesday:
** SABMiller SAB.L accepted a takeover proposal at the
fifth time of asking after Anheuser-Busch InBev ABI.BR , the
world's largest brewer, set out a cash-and-share package
currently worth 69 billion pounds ($106 billion).
** The British government has sold the remainder of its
stake in postal service company Royal Mail RMG.L , earning
591.1 million pounds ($907.87 million) from its 13 percent
holding and opting to gift its remaining 1 percent stake to
Royal Mail staff.
** Kenya's central bank said it had appointed the state's
Kenya Deposit Insurance Corporation (KDIC) to take over
management of the privately held Imperial Bank "in the interest
of its depositors, creditors and members of the public" for 12
months because of "unsafe or unsound business conditions" at the
lender.
** British payments processor Worldpay Group WPG.L listed
on the London Stock Exchange on Tuesday in an initial public
offering valuing the company at 4.8 billion pounds ($7.4
billion), the biggest flotation in London this year. urn:newsml:reuters.com:
** China Huarong Asset Management Co Ltd's initial public
offering will seek to raise up $2.8 billion, its indicative
price range shows, marking the biggest Hong Kong listing in 10
months as investors venture back into equities after a market
slump this year. urn:newsml:reuters.com:
** Chinese construction equipment maker Sunward Intelligent
Equipment Co 002097.SZ said it has bought Canadian aviation
services provider Avmax Group to diversify into aviation, amid a
sustained downturn in the construction machinery
market.
** Swedish paper and hygiene products maker SCA SCAb.ST
said it had agreed to buy U.S. tissue maker Wausau Paper Corp
WPP (L:WPP).N for $513 million in cash, in another step to focus on
products ranging from tissues to incontinence
protection.
** Poland's top refiner, the state-controlled PKN Orlen
PKN.WA , said it has launched takeover bids for Canada's
Kicking Horse Energy KCK.V and Nasdaq-listed FX Energy
FXEN.O , worth a total of over $300 million.
** OnCard International Ltd ONC.AX , a loss-making
Australian loyalty scheme company with a market value of $7
million, said it is examining making a bid for one of the
country's biggest dairy producers in an attempt to diversify
into the dairy business.
** Spanish builder ACS ACS.MC has bought a 5.8 percent
stake in Hochtief HOTG.DE to raise its holding in the German
group to 66.54 percent.
** iSelect Ltd ISU.AX , the Australian operator of an
insurance comparison website, said it received a takeover
approach from an unnamed "well-credentialed international
private equity firm".
** The Irish Takeover Panel said it had rejected Perrigo
Company Plc's PRGO.N request to declare Mylan NV's MYL.O
unsolicited tender offer lapsed.
** Privately owned Czech energy group EPH has teamed up with
the country's biggest investment group PPF to bid for a
portfolio of German lignite and hydro power stations being sold
by Sweden's Vattenfall, EPH said.