HeidelbergCement CEO sees Maxit sale soon -paper

(Reuters) - The world's fourth largest cement maker aims to use proceeds
from the disposal to help finance its 8 billion pound
acquisition of British aggregates specialist Hanson that
marks the biggest takeover in the sector and will create the
global number two in construction materials.




"The next one and a half years we will certainly be busy
with the integration of Hanson. These measures should be
concluded by the middle of next year -- that goes most of all
for North America and England," he said.


Read more at Reuters.com Mergers News

Dollar Rebounds From Record Low Versus Euro as Investors Shun Risky Assets

(Bloomberg) -- The dollar advanced the most against
the euro since January as subprime losses encouraged investors
to avoid riskier assets and repatriate money.

The U.S. currency increased more than 2 cents from a record
low against the euro and rose from the weakest in 26 years versus
the pound as investors sought refuge from a global rout of stocks
and corporate bonds. The dollar's rally may sputter next week on
a government report forecast by economists to show slowing job
growth this month.


Read more at Bloomberg Currencies News

Nigerian interbank rates dip on more cash inflows

(Reuters) - Nigerian interbank interest rates dipped at the short-end of the money market to 6.0 percent on average this week from 7.0 percent previously due to the inflow of more public sector funds, dealers said on Friday.

The secured Open Buy Back (OBB), call money and overnight placement all closed at 6.0 percent after the balance of monthly budgetary allocations to government agencies were disbursed.


Read more at Reuters Africa

Merrill Lynch considering Pagine Gialle buy-report

(Reuters) - Lehman Brothers is advising Seat's main shareholders - a group of funds including Cvc, Bc Partners, Investitori Associati and Permira, which hold a combined 49.6 percent of the shares - the paper said.




Merrill Lynch and Seat Pagine Gialle were not immediately available for comment.


Read more at Reuters.com Mergers News