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Deals of the day-Mergers and acquisitions

Published 03/06/2019, 11:26 pm
Deals of the day-Mergers and acquisitions

(Adds Hi Fly, El Paso Electric, Nissan; Updates Infineon, Blackstone (NYSE:BX), LSE)

June 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** Portuguese private airline Hi Fly has bid for Thomas Cook's airline business, a source familiar with the matter said, as the tour operator seeks to raise cash following its third profit warning in less than a year. Utility El Paso Electric Co EE.N will be acquired by an infrastructure fund for $2.78 billion in an all-cash deal, the firms said. Nissan 7201.T would carry out a "fundamental review" of its relationship with alliance partner Renault RENA.PA if it accepted a merger proposal from Fiat Chrysler FCHA.MI , the Japanese carmaker said. Humana Inc (NYSE:HUM) HUM.N said it would not bid for Centene (NYSE:CNC) Corp CNC.N , quelling speculation that it would acquire the health insurer that has already agreed to buy smaller rival WellCare Health Plans Inc WCG.N for $15.27 billion. Total TOTF.PA will take over Toshiba's 6502.T U.S. liquefied natural gas business and get $800 million cash from the Japanese group as part of the deal, the companies said on Saturday, weeks after attempts to sell it to a Chinese buyer fell through. China Baowu Steel Group, the world's second-largest steel producer, will acquire a majority stake in rival Magang Group Holding Co Ltd as China pushes for consolidation in its steel industry. Fiat Chrysler FCHA.MI is discussing a Renault RENA.PA special dividend and stronger job guarantees in a bid to persuade the French government to back its proposed merger between the carmakers, sources close to the discussions said. Hospitality Properties Trust HPT.O is nearing a $2.4 billion deal to acquire a rental real estate portfolio from Spirit MTA REIT SMTA.N , a major landlord of bankrupt U.S. retailer Shopko Stores Inc, people familiar with the matter said on Sunday. The merchant-banking division of Goldman Sachs Group Inc (NYSE:GS) GS.N is set to buy Capital Vision Services LP, which manages MyEyeDr. optometry centers, in a deal valued at $2.7 billion including debt, the Wall Street Journal reported. Huawei Technologies Co Ltd HWT.UL plans to sell its undersea telecom cable business, showed a buyer's filing, in its first major asset sale since the United States ratcheted up accusations of the Chinese firm being a vehicle for espionage. The filing did not disclose a price. Infineon IFXGn.DE has agreed to buy Cypress Semiconductors CY.O in a deal that values the U.S. maker of microchips used in cars and electronic devices at 9 billion euros ($10.1 billion) including debt, sending shares in the German company sharply lower on concerns over the cost. Italian retail bank Banco BPM BAMI.MI Chief Executive Giuseppe Castagna said that M&A will be part of its new business plan, which is expected in autumn. Telecom network and cloud-based service provider KCOM Plc KCOM.L has ditched plans for a sale to British pension fund-backed Humber Bidco in favour of a higher offer backed by investment firm Macquarie's European Infrastructure Fund, KCOM said. U.S. fund General Atlantic acquired a majority stake in Czech online travel agency Kiwi.com, giving it a strong partner to continue expansion, one of its founders said. Russia's second-biggest bank VTB VTBR.MM said it was buying a controlling stake in Russian railway holding company RTC, a major transporter of grain and timber cargo. Australian property developer Mirvac Group MGR.AX said it had entered into a binding agreement with property developer PDG to buy completed build-to-rent apartments in Melbourne for A$333.5 million ($231.6 million). Greece's biggest lender Piraeus Bank BOPr.AT said it had teamed up with Sweden's Intrum INTRUM.ST to set up a platform to service its 27 billion euro ($30 billion) bad loan portfolio. London Stock Exchange Group Plc LSE.L said it acquired data provider Beyond Ratings, as the exchange operator bulks up its Information Services business to meet a growing demand for environmental, social and governance products. Blackstone Group LP BX.N is buying U.S. industrial warehouse properties from Singapore-based logistics provider GLP for $18.7 billion, in what the companies billed as the largest private real estate transaction globally. Goldman Sachs Group Inc GS.N said that West Street Capital Partners VII, a fund managed by the company's merchant banking unit, will acquire Capital Vision Services LP, to bolster their portfolio in the healthcare services sector.

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