UPDATE 3-Deals of the day -- mergers and acquisitions

Wed May 14, 2008 4:00pm EDT
 
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(Adds Deutsche Telekom, RWE, Lafarge, and others)

May 14 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Wednesday.

(For Reuters columns on deals, click on [DEALTALK])

** Deutsche Telekom (DTEGn.DE: Quote, Profile, Research, Stock Buzz) has bought 25 percent in Greece's OTE (OTEr.AT: Quote, Profile, Research, Stock Buzz) for 3.2 billion euros ($5 billion) after weeks of negotiating, boosting its presence in southeast Europe's telecoms market. [nL14817008] [nL14861820]

** TomTom (TOM2.AS: Quote, Profile, Research, Stock Buzz), the world's biggest maker of car navigation devices, won unconditional permission from the European Commission to buy its main map supplier, Tele Atlas (TA.AS: Quote, Profile, Research, Stock Buzz), for 2.9 billion euros ($4.5 billion). [nL14788826]

** British retailer Tesco Plc's (TSCO.L: Quote, Profile, Research, Stock Buzz) South Korean unit will buy 36 discount stores from local rival E-Land Ltd for 1.95 trillion won ($1.87 billion), a spokeswoman at the Tesco unit said. [nSEL000087]

** Belarus may cede a controlling share in state bank Belinvestbank to Germany's Commerzbank AG (CBKG.DE: Quote, Profile, Research, Stock Buzz) within four months and give up control of a second bank, Belpromstroibank, the head of the central bank said. [nL14823097]

** Accenture Ltd (ACN.N: Quote, Profile, Research, Stock Buzz) said it has agreed to acquire video services company Origin Digital Inc, in a deal aimed at helping the consulting firm's clients grow their digital media revenue. [nWNAS4082]

** The First International Bank of Israel (FTIN5.TA: Quote, Profile, Research, Stock Buzz) said it completed the acquisition of a controlling stake in Bank Massad from Bank Hapoalim (POLI.TA: Quote, Profile, Research, Stock Buzz) for 236 million shekels ($69 million). [nL14848368]  Continued...

 

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