The Deal
Tuesday, November 24, 
3:18 pm

Deal International: News on Colonial, Northern Rock and more

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

Sacyr Vallehermoso SA-Eiffage SA
Topping headlines out of Europe Wednesday morning, Spanish builder Sacyr wins an appeal against a French regulatory ruling that would have forced it to offer $12.6 billion for the outstanding shares in French peer Eiffage.

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Inmobiliaria Colonial SA-La Caixa-Popular Inc.
Meanwhile, La Caixa and Banco Popular confirm they may swap debt for equity in beleaguered real estate group Colonial after creditors last month blocked a bid from Investment Corp. of Dubai.

Northern Rock plc
The European Commission launches an in-depth probe into state aid given by the U.K. to Northern Rock.

Centrica plc-Strategic Energy
Centrica says its North American arm will pay $300 million for Great Plains Energy Inc.'s Strategic Energy unit.

WestLB
State aid recipient WestLB has reported a $2.5 billion subprime-related loss.

Ciments Francais
Ciments Francais, the international unit of Italy's Italcementi Group, agrees to sell Turkish assets to Sibirsky Cement for $933 million.

3i Group plc-Hyperion
3i co-invests in B.P. Marsh & Partners plc portfolio insurer Hyperion Insurance Group AG, injecting about $100 million.

Ripplewood Holdings LLC-Allen & Heath
Ripplewood's Brussels affiliate RHJ International says portfolio company D&M Holdings Inc. has bought sound system maker Allen & Heath. The seller was Close Brothers Private Equity LLP.

BNP Paribas SA-IMS Group
BNP Paribas says its asset management unit BNP Paribas Investment Partners had acquired IMS Group in the U.K.

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

- The editors


See Sacyr story on TheDeal.com
See earlier Colonial story on TheDeal.com





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