Royal Bank of Scotland is talking to investors to gauge support for a ‘modest’ equity placement of 3 to 4 billion pounds, a source tells us, as it tries to limit government control. JPMorgan and Cazenove are thought to be close to agreeing a price for Cazenove’s share of their J.P. Morgan Cazenove joint venture before the end of the year, the Independent on Sunday newspaper says.
For these and other Reuters stories on deals, click here. And for Monday’s stories in other media (some of the links may require subscription):
German power giant E.ON is in advanced talks with potential partners to build new solar power plants in Andalusia, southern Spain, its chief executive tells Spanish daily Expansion.
Chinese industrial gas provider Yingde Gases Group aims to raise up to HK$3.58 billion ($462 million) in a Hong Kong initial public offering later this month, a Hong Kong newspaper reports.
Martindale, the UK’s leading maker of methadone, has attracted interest from a number of private equity groups, the Financial Times reports on Sunday.
Belgium’s KBC has put its London brokerage and corporate finance house KBC Peel Hunt up for sale, with the bank set for a huge loss, UK newspaper the Independent on Sunday said.
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(Via DealZone.)
Deals du Jour
Deals du Jour: “
Mexican brewer FEMSA (FMSAUBD.MX)(FMX.N) has talked with Britain’s SABMiller Plc (SAB.L) and Heineken (HEIN.AS) from the Netherlands about a possible sale of beer operations that could be worth billions of dollars, a source familiar with the situation told Reuters.
Last but not least, the UK Takeover Panel has given Xstrata PLC (XTA.L) a deadline to ‘put up or shut up’ on its proposal to merge with rival miner Anglo American (AAL.L).
For more Reuters stories on deals, click here.
(Via DealZone.)