| Nestle bids for Himalayan water - report
MUMBAI (Reuters) - Nestle Waters, a unit of Nestle SA, the world's largest food company, has bid for Mount Everest Mineral Water Ltd., the Economic Times reported on Monday. Tata group had also bid more than 2 billion rupees for the company, which sells the premium Himalayan brand of bottled water, the paper said, citing unnamed sources. Nestle, which sells the Perrier brand of bottled water, launched Nestle Pure Life water in India in 2001 but pulled the brand a couple of years later. The Tatas were "close to clinching the deal" with Mount Everest, a part of the Dadi group, and were also likely to launch other beverages such as fortified water, the paper said. A spokesman for the Tata group said the report was speculative. A spokesman for Nestle India Ltd.
Sotheby's Auction of Islamic Art Beats the Pre-Sale Estimate
April 22 (Bloomberg) -- Sotheby's sold 4.6 million pounds ($8.8 million) of Islamic art, almost a quarter more than the pre-sale estimate. The most expensive item at the April 18 auction was an Ottoman silk, velvet and metal thread calligraphic band, which sold for 311,200 pounds, more than twice the initial estimate, Sotheby's said in e-mailed statement on the day of the sale. Increasing interest in Islamic, Arab and Indian art has prompted the world's largest auction houses, including Sotheby's, Christie's International and Bonhams, to set up offices in the Middle East. The rage of buyers at the April 18 auction reflected ``the global appeal of Islamic art,'' Edward Gibbs, head of Sotheby's Islamic and Indian Art department, said in the statement.
TPG pulls out of Sainsbury bidding group -source
LONDON, April 10 (Reuters) - Private equity firm Texas Pacific Group [TPG.UL] has withdrawn from the group bidding for UK supermarket chain J. Sainsbury (SBRY.L: Quote, Profile, Research), and was not part of the sweeteend 10.1 billion pound ($19.9 billion) offer, a person familiar with the situation said on Tuesday. "It's price and the feeling that Lord Sainsbury is not going to sell no matter what," said the source, who requested anonymity because of the confidential nature of the negotiations. Texas Pacific and the consortium both declined to comment. The suitor group, led by CVC Capital Partners [CVC.UL], submitted a raised offer of 582 pence a share, another source earlier told Reuters, but the Sainsbury family is holding out for at least 600p, a third source said.
Greece raises 1.8 bln eur in reopened 10-yr bond auction
ATHENS (Thomson Financial) - Greece has accepted 1.8 bln eur out of a total of 7.59 bln eur in bids for its reopened ten-year bond auction, the Greek Public Debt Management Agency said.
The ten-year bonds have a fixed coupon of 4.3 pct and expire on July 20, 2017.
The weighted average yield came in at 4.41 pct, and the weighted average price was 99.006, the PDMA added.
The settlement date will be Friday, April 20, but primary dealers can submit non-competitive bids for up to 20 pct of the initially planned auction of 1.5 bln eur until 12 noon local time on Thursday, April 19.
Source: Euro2day.gr NewsWire
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