Tuesday, March 20, 2007

The Report from Prudential

Prudential plc Rises On Renewed AIG Bid Talk-Reuters

Reuters reported that shares in Prudential plc rose to lead gainers on Britain's FTSE 100 on renewed market talk that U.S. rival AIG is planning a bid for Prudential at 850 pence. Prudential's stock was up at 730 pence, outpacing a 0.1% rise in the FTSE 100. Prudential declined to comment. AIG has in the past also declined comment on talk linking it with British insurer.

Prudential plc Rises On Renewed AIG Bid Talk-Reuters
20 Mar 2007, 08:31 AM ET
Reuters reported that shares in Prudential plc rose to lead gainers on Britain's FTSE 100 on renewed market talk that U.S. rival AIG is planning a bid for Prudential at 850 pence. Prudential's stock was up at 730 pence, outpacing a 0.1% rise in the FTSE 100. Prudential declined to comment. AIG has in the past also declined comment on talk linking it with British insurer.

Wiener Staedtische Allg. Versicherung AG Affiliate to Acquire Majority Shareholding in Ray Sigorta A.S. from Dogan Sirketler Grubu Holding A.S.
20 Mar 2007, 07:42 AM ET
Wiener Staedtische Allg. Versicherung AG announced that TBIH Financial Services Group N.V. (TBIH), in which Wiener Staedtische Versicherung AG Vienna Insurance Group holds a 60% stake, has signed a purchase agreement for the acquisition of 58.2% of the shares of Ray Sigorta A.S. The shares will be purchased from the current majority owner, the Turkish Dogan Sirketler Grubu Holding A.S. (Dogan) for the amount of USD 81.5 million (approximately EUR 62 million). Dogan, will continue to hold 20% of the shares in Ray Sigorta A.S. In addition, TBIH plans to offer a public tender to acquire the remaining approximately 22% free float of Ray Sigorta A.S. for the maximum total amount of USD 30.5 million (approximately EUR 23 million).

Seche Environnement, Caisse Des Depots and AXA Form Consortium for The Acquisition of Groupe Saur
19 Mar 2007, 11:07 AM ET
Axa: Seche Environnement announced that a consortium consisting of Caisse Des Depots (47%), Seche Environnement (33%) and an investment vehicle from AXA (20%) have signed an exclusivity agreement to finalize the acquisition of 100% of the Groupe Saur. No further terms have been disclosed.

Seche Environnement, Caisse Des Depots and AXA Form Consortium for The Acquisition of Groupe Saur
19 Mar 2007, 11:07 AM ET
Axa: Seche Environnement announced that a consortium consisting of Caisse Des Depots (47%), Seche Environnement (33%) and an investment vehicle from AXA (20%) have signed an exclusivity agreement to finalize the acquisition of 100% of the Groupe Saur. No further terms have been disclosed.

source:www.investor.reuters.com

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