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Deals of the day-Mergers and acquisitions

Published 16/01/2020, 08:07 am
© Reuters.  Deals of the day-Mergers and acquisitions
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(Adds T-Mobile, RAG Stiftung, Toshiba)

Jan 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

** A group of U.S. states suing to block T-Mobile US Inc TMUS.O from merging with Sprint Corp S.N told a federal judge that the deal would violate antitrust laws and raise wireless prices for consumers. Germany's RAG Stiftung has joined a consortium led by private equity firms Advent and Cinven CINV.UL in a bid for Thyssenkrupp's TKAG.DE 15 billion euro ($17 billion) elevator division, two sources familiar with the matter said. Toshiba Corp 6502.T moved a step closer to winning a takeover bid for chip equipment unit NuFlare Technology Inc 6256.T after receiving backing from a major shareholder. Brazil's state-controlled oil company Petroleo Brasileiro SA PETR4.SA said it had ended its activities in Africa after closing the sale of a 50% stake in Petrobras Oil & Gas BV (PO&GBV), which holds some Nigerian oil assets. Resolute Mining Ltd RSG.AX said it will sell its Ravenswood Gold mine for up to A$300 million ($207 million) to a consortium led by resource-focused private equity firm EMR Capital. Australian Vanadium Ltd AVL.AX said it penned a non-binding agreement with a unit of steelmaker HBIS Group Chengsteel that could see the Chinese firm buy vanadium and invest in the Perth-based firm's flagship project. China's Fosun International Ltd 0656.HK has decided to cut stakes or even divest completely from two financial firms it controls in Brazil, a person with direct knowledge of the matter said. The Benetton family's Edizione is in contact with F2i over the infrastructure fund's interest in taking a stake in Atlantia ATL.MI , the chairman of the holding company was quoted as saying in daily Il Messaggero.

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