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$35B Spanish energy deal tops deals of the week

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Published August 5, 2008 at 5:10 PM

Billion dollars deals were alive and well on the international M&A scene last week.

The biggest international deal of the week was Spain's largest gas supplier Gas Natural SDG SA's $35 billion deal for Union Fenosa SA. TheDeal's Paul Whitfield said a successful deal would bring Gas Natural into the Spanish electricity sector after two failed attempts. It was stymied in earlier bids for Spain's two largest electricity utilities, Endesa SA and Iberdrola SA. Other big Euro deals included Klepierre SA's and ABP Stichting Algemeen Burgerlijk Pensioenfonds' $4.3 billion for Steen & Stron A/S of Norway. For a closer look at international deals that include several big Euro-related transactions please take a look below:

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Top 10 Announced Deals with International Targets*
July 28 - August 1, 2008
Date deal announced
The Deal's coverage
Acquirer
Nationality
Target
Nationality
Deal value
($mill.)
Type of deal
Deal status
July 30
Gas Natural to buy Fenosa
 Gas Natural SDG SA
Spain		 Union Fenosa SA
Spain
$35,854.81
 Divestment, Public offer
July 29
Teck Cominco bags Fording Coal		 Teck Cominco Ltd.
Canada		 Fording Canadian Coal Trust
(80.05%)
Canada
14,069.83
 Tender offer
July 29 Klepierre SA,
ABP Stichting Algemeen Burgerlijk Pensioenfonds
France		 Steen & Strom A/S
Norway
4,399.59
 Divestment
Aug. 1 Royal London Mutual Insurance Society Ltd.
United Kingdom		 Scottish Provident Ltd.,
Phoenix Life Assurance Ltd.,
Scottish Provident International Life Assurance Ltd.,
Scottish Mutual Assurance plc
United Kingdom
2,516.60
 Privately negotiated
July 31
Philip Morris nets Rothmans		 Philip Morris International Inc.
United States		 Rothmans Inc.
Canada
2,032.33
 Tender offer
July 31
TDK agrees to buy Epcos		 TDK Corp.
Japan		 EPCOS AG
(97.5%)
Germany
1,989.61
 Public offer
July 28
Tesco buys out RBS business		 Tesco plc
United Kingdom		 Tesco Personal Finance Ltd.
(50%)
United Kingdom
1,892.05
 Divestment
July 30 Nexen Inc.
Canada		 Nexen Inc.
(9.97845%)
Canada
1,663.62
 Repurchase, Open market purchase
July 31
Goldcorp bags Gold Eagle Mines		 Goldcorp Inc.
Canada		 Gold Eagle Mines Ltd.
(95.334%)
Canada
1,320.88
 Stock swap, Tender offer
July 28
BAE Systems captures Detica
 BAE Systems plc
United Kingdom		 Detica Group plc
United Kingdom
1,059.84
 Public offer
* Excludes buybacks and withdrawn deals
Source: Dealogic


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