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M&A News: HSBC, Repsol, Realdania, Hecla Mining, A. Schulman


1. HSBC Holdings (HBC), Europe’s biggest bank by assets, will sell a portfolio of U.S. consumer loans to two firms for $3.2 billion, as it scales back operations to focus on more profitable markets.

2. Spain’s No. 1 oil company, Repsol (REP:GR), sold $1.3 billion worth of shares to Singapore’s state-owned Temasek Holdings to bolster its finances and protect its credit rating.

3. Copenhagen-based philanthropic organization Realdania is selling a $965 million stake in Denmark’s largest lender, Danske Bank (DANSKE:DC), to achieve a more balanced investment portfolio.

4. Hecla Mining (HL), which operates silver mines in Alaska and Idaho, will pay about $760 million for Vancouver-based gold producer Aurizon Mines (ARZ:CN).

5. U.S. plastics maker A. Schulman (SHLM) made an unsolicited bid to buy Ohio-based Ferro (FOE) for $563 million, hoping to expand into chemicals used in electronics and coatings.

6. The world’s No. 4 brewer, Carlsberg (CABGY), plans to pay as much as $466 million to increase its stake in Chinese beermaker Chongqing Brewery to nearly 60 percent from 29.7 percent.

7. Moleskine, the Italian maker of notebooks favored by Ernest Hemingway and would-be hipsters, will seek about $455 million in an IPO, say two people with knowledge of the deal.

8. U.K. pay-TV company British Sky Broadcasting Group (BSY) will buy Telefónica’s (TEF) British broadband and fixed-line phone division for as much as $303 million.

9. Sharp (SHCAY) will sell $111 million of stock to Samsung Electronics, as the Japanese display maker tries to rebound from a record loss amid slowing demand for TVs and Apple (AAPL) iPhones.

10. An Andy Warhol painting that charts U.S. unemployment during the recession of the early 1980s fetched $26,000 at auction.

Photographs by Bloomberg (Repsol); Kevin Wheal/Alamy (Carlsberg); Comstock/Getty Images (satellite); Hulton Archive/Getty Images (Warhol); Aliaksandr Mazurkevich/Alamy (notebook)
Cwinter
Winter is a reporter for Bloomberg Businessweek in New York.

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