Sept 11 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Wednesday:
** Abu Dhabi National Oil Company (ADNOC) is expected to
make a formal offer to acquire Covestro ( CVVTF ) for about 14.4
billion euros ($15.90 billion) including debt, the Financial
Times reported.
** The bid by Unicredit to purchase a 4.49% stake
in Commerzbank from the German government was
significantly higher than other offers at 13.20 euros ($14.58) a
share, a finance ministry spokesperson said.
** A company controlled by private equity firm Advent
International has placed an about 4% stake in parcel locker firm
InPost for 340 million euros ($375.56 million) to
institutional investors, a bookrunner said.
** Britain's largest real estate portal Rightmove ( RTMVF )
rejected the 5.6 billion pound ($7.32 billion) cash-and-stock
takeover proposal from Australia's REA Group ( RPGRF ), it said,
citing that the bid undervalued its prospects.
** Spain's Banco Santander has sold 5.3 million
shares in its Polish unit, Santander Bank Polska, for
about 2.46 billion zlotys gross ($635.43 million), the bank said
late on Tuesday.
** Australia's Namoi Cotton recommended
shareholders to vote for the A$138 million ($91.81 million)
takeover offer from Dutch crop trader Louis Dreyfus Company
(LDC) and reject a higher bid from Olam Agri .
** Goldman Sachs ( GS ) is close to finalizing a deal to
transfer its General Motors ( GM ) credit card business to
Barclays ( JJCTF ), a source familiar with the matter said on
Tuesday.
(Compiled by Rajarshi Roy and Priyanka.G in Bengaluru)