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  • US energy company SCANA is to acquire the Public Service Company of North Carolina (PSCN) for $900 million including the assumption of debt.
  • Dutch insurer Aegon has announced its intention to buy US rival Transamerica in a deal valued at $9.7 billion.
  • Baker & McKenzie is adding to its Middle East capability with the opening of an office in Bahrain.
  • In a formal ceremony last week the Chinese authorities granted 12 firms licences to practise in China.
  • New York’s Kaye, Scholer, Fierman, Hays & Handler has appointed Susan Rahm chair of the firm’s international practice group.
  • Privatizations are coming to an end and international firms wishing to establish a broader client base in Austria and central and eastern Europe are looking for partners. Nick Ferguson reports
  • New York-based Coudert Brothers has added the Frankfurt office of Germany’s Fiedler & Forster to its international network.
  • RJR Nabisco Holdings is selling its international tobacco unit to Japan Tobacco.
  • Foreign investment in real estate property
  • Recent reforms in Mexican banking regulations: safeguarding Mexican bank deposits