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Principaux investissements pour 2007.
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Nordic and Baltic exchange operator and owner OMX said it was considering a $3.98 billion bid by Borse Dubai, launched on Friday, which topped an earlier agreed deal with Nasdaq.
Following is a chronology of some of the largest foreign acquisitions by Gulf Arab organisations in the past six months:
* March: Qatar Telecommunications Co agrees to pay $3.72 billion for a 51 percent stake in Kuwait’s National Mobile Telecommunications Co, which operates in Iraq, Tunisia, Saudi Arabia, Algeria and the Maldives.
* March: Kuwait’s Investment Dar is part of a consortium that buys British luxury car maker Aston Martin from Ford Motor Co in a deal worth 479 million pounds ($965.3 million).
* April: A regulatory filing shows Saudi Arabian investor Maan al-Sanea has bought about 3.3 billion pounds ($6.56 billion) worth of shares in HSBC Holdings Plc, starting in mid-February.
* April: Emirates International Investment Company, owned by the ruling family of Abu Dhabi, says it has bought just over 3 percent of French media and telecoms group Vivendi for about 1.1 billion euros ($1.50 billion).
* May: Dubai International Capital (DIC) says it has bought a ‘substantial’ stake in HSBC Holdings Plc for a fund it manages, making the fund one of the largest investors in Europe’s biggest bank.
* May: Saudi Basic Industries Corp agreed to pay $11.6 billion in cash for General Electric Co’s plastics business in the largest foreign acquisition announced by a Gulf Arab investor.
* May: Dubai says it has bought a 2.2 percent stake in Deutsche Bank AG through DIFC Investments, an arm of the Dubai International Financial Centre, becoming the fifth-largest shareholder in Germany’s biggest listed bank. The stake would be worth around 1.35 billion euros.
* June: Saudi Telecom Co, the largest Arab telecom firm, says it is to buy 25 percent of Malaysia’s Maxis in a $3 billion deal to gain access to Indonesia and India, and complete southeast Asia’s biggest buyout.
* June: A consortium led by Kuwait’s Mobile Telecommunications Co wins Saudi Arabia’s third mobile licence with a $6.11 billion bid announced three months earlier.
*June: Delta Two, a fund owned by Qatar’s ruling family, raises its stake in British No 3 supermarket group J Sainsbury Plc to 25 percent with a 732 million pound purchase that fuels speculation of a takeover bid.
* July: DIC, which manages the $2 billion Global Strategic Equities Fund, says it has bought a 3.12 percent stake in Airbus parent EADS.
* July: Saudi Arabia’s National Commercial Bank, the Gulf’s largest lender by assets, makes its first foreign acquisition, in Turkey. The bank has bought a 60 percent stake in Islamic lender Turkiye Finans for $1.08 billion.
* July: Delta Two makes a bid approach for Sainsbury which newspapers reports say is worth 10.4 billion pounds ($21.3 billion). Qatar and Sainsbury have confirmed they were in takeover talks.
* August: Borse Dubai says it has made a takeover offer of 230 crowns per share for Nordic exchange owner OMX, valuing it at 27.7 billion Swedish crowns ($3.98 billion). OMX had already agreed a bid from US exchange Nasdaq, which was worth around 198 crowns per share or about $3.7 billion. Bourse Dubai said it hoped to complete the deal this year.
source Reuters
August 18
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Nordic and Baltic exchange operator and owner OMX said it was considering a $3.98 billion bid by Borse Dubai, launched on Friday, which topped an earlier agreed deal with Nasdaq.
Following is a chronology of some of the largest foreign acquisitions by Gulf Arab organisations in the past six months:
* March: Qatar Telecommunications Co agrees to pay $3.72 billion for a 51 percent stake in Kuwait’s National Mobile Telecommunications Co, which operates in Iraq, Tunisia, Saudi Arabia, Algeria and the Maldives.
* March: Kuwait’s Investment Dar is part of a consortium that buys British luxury car maker Aston Martin from Ford Motor Co in a deal worth 479 million pounds ($965.3 million).
* April: A regulatory filing shows Saudi Arabian investor Maan al-Sanea has bought about 3.3 billion pounds ($6.56 billion) worth of shares in HSBC Holdings Plc, starting in mid-February.
* April: Emirates International Investment Company, owned by the ruling family of Abu Dhabi, says it has bought just over 3 percent of French media and telecoms group Vivendi for about 1.1 billion euros ($1.50 billion).
* May: Dubai International Capital (DIC) says it has bought a ‘substantial’ stake in HSBC Holdings Plc for a fund it manages, making the fund one of the largest investors in Europe’s biggest bank.
* May: Saudi Basic Industries Corp agreed to pay $11.6 billion in cash for General Electric Co’s plastics business in the largest foreign acquisition announced by a Gulf Arab investor.
* May: Dubai says it has bought a 2.2 percent stake in Deutsche Bank AG through DIFC Investments, an arm of the Dubai International Financial Centre, becoming the fifth-largest shareholder in Germany’s biggest listed bank. The stake would be worth around 1.35 billion euros.
* June: Saudi Telecom Co, the largest Arab telecom firm, says it is to buy 25 percent of Malaysia’s Maxis in a $3 billion deal to gain access to Indonesia and India, and complete southeast Asia’s biggest buyout.
* June: A consortium led by Kuwait’s Mobile Telecommunications Co wins Saudi Arabia’s third mobile licence with a $6.11 billion bid announced three months earlier.
*June: Delta Two, a fund owned by Qatar’s ruling family, raises its stake in British No 3 supermarket group J Sainsbury Plc to 25 percent with a 732 million pound purchase that fuels speculation of a takeover bid.
* July: DIC, which manages the $2 billion Global Strategic Equities Fund, says it has bought a 3.12 percent stake in Airbus parent EADS.
* July: Saudi Arabia’s National Commercial Bank, the Gulf’s largest lender by assets, makes its first foreign acquisition, in Turkey. The bank has bought a 60 percent stake in Islamic lender Turkiye Finans for $1.08 billion.
* July: Delta Two makes a bid approach for Sainsbury which newspapers reports say is worth 10.4 billion pounds ($21.3 billion). Qatar and Sainsbury have confirmed they were in takeover talks.
* August: Borse Dubai says it has made a takeover offer of 230 crowns per share for Nordic exchange owner OMX, valuing it at 27.7 billion Swedish crowns ($3.98 billion). OMX had already agreed a bid from US exchange Nasdaq, which was worth around 198 crowns per share or about $3.7 billion. Bourse Dubai said it hoped to complete the deal this year.
source Reuters
August 18