Monthly M&A Insider - Mergermarket

Expected deals
Pipeline of Iberian expected deals
Situation Target company Sector Potential bidder
company
Rumoured
takeover
target
Rumoured
takeover
target
Rumoured
takeover
target
Rumoured
takeover
target
Rumoured
takeover
target
Rumoured
takeover
target
Repsol YPF SA Energy, Mining
& Utilities
Aeroportos de
Portugal, SA
Sonatrach;
Total SA; China
Petroleum
& Chemical
Corporation; and
ConocoPhillips
Company
Financial adviser to
bidder (B);
target (T); seller (S)
Seller company Market
Ceap/
est. value
(€m)
Sacyr
Vallehermoso
SA
Transportation SG (S) Government of
Portugal
Codere SA Leisure JPMorgan (T);
Credit Suisse (S);
Lazard (S)
La Seda de
Barcelona SA
Industrials &
Chemicals
Indorama
Polymers PCL
Martinez
Sampedro
family; Jesus
Franco; and
Joaquin
Franco (private
investors)
Comments
Iberia
14,010 Sonatrach, the Algerian state-owned oil and
gas group, had been interested in acquiring
a stake in listed Spanish oil and gas group,
Repsol, but had been rebuffed by the
Spanish government, a Sonatrach board
member said.
1,300 The Portuguese government has mandated
Societe Generale for a second independent
evaluation of airport operator ANA, which it
plans to privatise.
330 Martinez Sampedro family holds a 71%
stake in Codere. They increased their stake
by 45% in 2006, acquiring from the Franco
family for €660m. The final tranche of
payment of €187m, due 30 April 2008, was
not paid. The Francos are able to force the
sale if a payment is missed.
194 La Seda de Barcelona and Indorama's
merger talks are proceeding very slowly
because of the global economic crisis, it is
understood.
Vertice 360 TMT Mediapro 80 "Mediapro, the privately owned, Spanish
media group, and Vertice 360, the listed,
Spanish audiovisual services and content
company, have denied they are in talks or
have any intention of merging with each
other.
Hispasat S.A.;
and Brisa-Auto
Estradas de
Portugal SA
TMT;
Transportation
Abertis
Infraestructuras
SA
Telefonica SA - "Abertis, the Spanish concessions company,
could be interested in consolidating some
of its minority stakes, said CEO Salvador
Alemany.
"
Monthly M&A report – 163