Deal International: News on BSkyB, SocGen's 'rogue trader' and more

Stay tuned to TheDeal.com and The Deal International for updates on these stories and more.

British Sky Broadcasting Group plc-ITV plc
Out of Europe Tuesday morning, the U.K.'s Business and Enterprise Secretary John Hutton orders Rupert Murdoch's BSkyB to cut its 17.9% holding in broadcaster ITV to less than 7.5% on the advice of the Competition Commission. 

Continue reading below

Hutton's ruling dispels a previous rule of thumb that a 20% threshold was appropriate for U.K. media cross-ownership, but the situation may change if BSkyB appeals.

HgCapital LLC-Sanctuary Spa Group
HgCapital sells the Sanctuary Spa, which popularized pampering as a lifestyle choice, to soapmaker PZ Cussons for $149 million.

Wendel Investissement SA-Editis
On the rumor front, Tribune reports that Paris-quote private equity firm Wendel may sell publishing company Editis.

Goldman, Sachs & Co.-Circassia Holdings Ltd.
U.K. biopharma company Circassia raises $21.8 million from investors including Goldman Sachs.

3i Group plc-TSMarine-ABN Amro Merchant Banking
3i and ABN Amro Merchant Banking will inject a combined $104 million in Aberdeen, Scotland-based oil services group TSMarine.

Societe Generale SA's 'rogue trader'
Jerome Kerviel is out on bail.

Gaz de France SA
And residents of the German city of Leipzig force GdF to abandon a plan to buy a 49.9% stake in the city's utility by blocking the deal in a referendum.

- The editors

See TheDeal.com story on BSkyB-ITV
See HgCapital press release

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