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Deals of the day-Mergers and acquisitions

Published 06/01/2018, 12:51 am
Updated 06/01/2018, 01:00 am
© Reuters.  Deals of the day-Mergers and acquisitions
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(Updates Lactalis, Tata Group, Adds Aurora Cannabis , NordLB)

Jan 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1345 GMT on Friday:

** Uber Technologies Inc UBER.UL co-founder Travis Kalanick, who was ousted as chief executive in June, is selling nearly a third of his 10 percent stake in the ride-services company for about $1.4 billion, a person familiar with the matter said. Australian surfwear seller Billabong International Ltd BBG.AX agreed to a buyout from its top shareholder and major lender Oaktree Capital Management LP OAKCP.UL in a deal valuing the company at about A$197.7 million ($155 million). India's Tata Group and Singapore Airlines SIAL.SI are open to potentially bidding for the indebted carrier Air India AIN.UL , a top official at a joint venture owned by the firms said. Aurora Cannabis Inc ACB.TO said it would buy a 17.6 percent stake in privately held marijuana grower Green Organic Dutchman Holdings for C$55 million ($44 million), the Canadian company's second investment in as many days. German state-backed lender NordLB NDLG.UL has decided not to sell its property lender Deutsche Hypothekenbank after all, a person familiar with the matter said. Talks have been called off between HNA Group and Value Partners Group 0806.HK over the Chinese conglomerate's purchase of a stake in the Hong Kong-listed asset manager, people familiar with the situation said. China Vanke Co's 2202.HK 000002.SZ commercial unit SCP Group said it would purchase 20 shopping malls in the country owned by Singapore's CapitaLand CATL.SI for 8.4 billion yuan ($1.30 billion). Japan's Takeda Pharmaceutical Co 4502.T said it has agreed to buy Belgian biotech group TiGenix NV G9U.BR for 520 million euros ($628 million). French dairy firm Lactalis has agreed to buy siggi's, a U.S.-based maker of Icelandic-style skyr yoghurt for an undisclosed price, its second deal in six months to tap Americans' growing taste for healthier yoghurt. Mauritius's SBM Holdings SBMH.MZ has made a binding offer for some of the assets and liabilities of Kenya's Chase Bank, the Kenyan central bank said. Chinese smartphone maker Coolpad Group 2369.HK , part of the cash-strapped LeEco technology conglomerate, said top shareholder Leview Mobile HK Limited had sold HK$807.7 million ($103 million) shares, reducing its stake to 10.95 percent from 28.78 percent.

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