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Deals of the day-Mergers and acquisitions

Published 01/10/2019, 06:07 am
Deals of the day-Mergers and acquisitions
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(Adds Chrysaor, PayPal Holdings, Brookfield Business Partners , Sazka Group)

Sept 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Independent power producer NextEra Energy (NYSE:NEE) Partners LP NEP.N said it will buy Meade Pipeline Co LLC, a co-owner of the Central Penn Line in Pennsylvania, in a deal valued at about $1.37 billion, including some future capital contributions. Sempra Energy (NYSE:SRE) SRE.N said it would sell its Peruvian businesses to a unit of China Yangtze Power Co 600900.SS for $3.59 billion, as part of a planned exit from South America to focus on its core U.S. and Mexican markets. Blackstone (NYSE:BX) Group Inc BX.N said it would buy U.S. industrial warehouses from real estate and investment management firm Colony Capital Inc CLNY.N in a $5.9 billion deal, to capitalize on the e-commerce boom. Westpac Banking Corp WBC.AX , Australia's second-largest bank, is considering selling its life insurance business, two sources told Reuters, in what could be the last of the Big Four lenders to exit the industry. French oil major Total TOTF.PA has completed the acquisition of Anadarko's APC.N 26.5% stake in Mozambique's liquefied natural gas project for $3.9 billion, Total said, in a deal expected to raise much-needed revenue for Mozambique. Rare diseases specialist Swedish Orphan Biovitrum (Sobi) SOBIV.ST said it had agreed to buy Dova Pharmaceuticals in a deal valuing the U.S. firm at up to $915 million. Dubai Aerospace Enterprise favours expanding its fleet via a takeover of a rival after the group was unable to agree on a major order from Airbus AIR.PA and Boeing (NYSE:BA) BA.N , its chief executive said. Swedish infrastructure investor EQT EQTAB.ST has bought German fibre optic network operator Inexio, in a deal sources familiar with the transaction said was worth around 1 billion euros ($1.1 billion). Investment manager Brookfield Business Partners LP BBU_u.TO , BBU.N said it will pay $1.3 billion for a 45% stake in industrial services company BrandSafway from private equity firm Clayton, Dubilier & Rice (CD&R). North Sea oil producer Chrysaor completed a $2.68 billion acquisition of ConocoPhillips' COP.N British North Sea oil and gas business, cementing the private equity-backed firm's position as one the basin's top producers. U.S. digital money transfer platform PayPal Holdings Inc PYPL.O has obtained Beijing's approval to buy a controlling stake in a domestic payments firm, which would make PayPal the first foreign firm to enter China's payment services market. Greece's capital markets commission approved a bid by Czech-based Sazka Group to take full control of Greek gaming firm OPAP OPAr.AT.

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