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Deals of the day- Mergers and acquisitions

Published 16/10/2015, 07:06 am
Updated 16/10/2015, 07:06 am
© Reuters.  Deals of the day- Mergers and acquisitions

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Oct 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** China's three main telecom operators China Unicom (Hong Kong) Ltd 0762.HK , China Telecom Corp Ltd 0728.HK and China Mobile Ltd 0941.HK have agreed to consolidate towers and related assets worth 213.9 billion yuan ($33.71 billion) into a jointly owned firm as the carriers aim to centralize operations and reduce duplication of telecoms infrastructure on the mainland. urn:newsml:reuters.com:*:nL3N12F198

** Bristol-Myers Squibb Co BMY.N said it agreed to exclusively license and collaborate with Five Prime Therapeutics Inc FPRX.O to develop and commercialize Five Prime's antibody program in the treatment of cancer. urn:newsml:reuters.com:*:nL3N12F3D4

** Spanish oil major Repsol REP.MC said it would sell assets worth 6.2 billion euros ($7.1 billion) and cut its exploration and production investments by around 40 percent by 2020 to pay back debt and ensure its dividend. urn:newsml:reuters.com:*:nL8N12F0S4

** Bank of Nova Scotia BNS.TO said it would buy JPMorgan (N:JPM) & Chase Co's JPM.N Canadian credit card portfolio associated with Sears Canada Inc SCC.TO , a month ahead of the expiry of the servicing agreement by the U.S. bank. urn:newsml:reuters.com:*:nL3N12F5CP

** China Construction Bank (CCB) 601939.SS is in talks to buy UK firm Metdist Trading Ltd, which would give China's second-largest lender by assets access to top-tier trading on the London Metal Exchange, two metal industry sources said. urn:newsml:reuters.com:*:nL8N12F37F

** Canadian auto parts maker Linamar Corp LNR.TO said it would buy France's Montupet MNTP.PA for 771 million euros ($915 million) in a deal that would boost its exposure to manufacturers such as Volkswagen (DE:VOWG) VOWG_p.DE and Peugeot PEUP.PA . urn:newsml:reuters.com:*:nL8N12F3LW

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** Kerry KYGa.I has agreed to spend $735 million to buy three U.S. firms to boost its flavoring, beverage and health product lines, adding around $300 million in annual revenue, the Irish food company said. urn:newsml:reuters.com:*:nL8N12F3CW

** Britain's biggest retailer Tesco TSCO.L has agreed the sale of 14 development sites to a fund and clients advised by the real estate investment manager Meyer Bergman for 250 million pounds ($386.8 million) as part of its property retrenchment. urn:newsml:reuters.com:*:nFWN12E037

** French seed group Vilmorin VILM.PA and German peer KWS SAAT KWSG.DE said they had signed a long-term licensing agreements with Syngenta SYNN.VX to use the Swiss chemical group's genetically modified (GMO) corn traits. urn:newsml:reuters.com:*:nL8N12F1G0

** Shareholders in Polish coal miner Bogdanka LWBP.WA signaled their willingness to allow a takeover of the company by power group Enea ENAE.WA by rejecting a plan to limit new shareholders' rights. urn:newsml:reuters.com:*:nL8N12F32X

** Japan's third largest convenience store operator FamilyMart Co 8028.T is buying out smaller rival UNY Group Holdings Co 8270.T through a share swap deal worth $1.4 billion that would create Japan's second-biggest convenience store operator by sales after Seven & I Holdings Co 3382.T . urn:newsml:reuters.com:*:nL3N12F2NB

** Chinese asphalt producer Jiangsu Baoli International Investment Co 300135.SZ said it had signed a $300 million initial deal with Russian Helicopters to jointly sell 100 helicopters in China for civilian use over the next 10 years. urn:newsml:reuters.com:*:nL3N12F26L

** Hungarian filmmaker and entrepreneur Andrew G. Vajna, a close associate of Prime Minister Viktor Orban, has agreed to buy the country's second-largest television company TV2 Group, TV2 said in a statement on its website. urn:newsml:reuters.com:*:nL8N12F2LM

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** German vacuum pump maker Busch-Holding GmbH has hiked its stake in rival Pfeiffer Vacuum PV.DE to 27.2 percent from 15 percent, Pfeiffer said in a regulatory statement. urn:newsml:reuters.com:*:nFWN12E04C

** Danish hearing aid and headset producer GN Store Nord GN.CO has struck a deal with Australia-based Cochlear Ltd COH.AX to develop so-called bimodal hearing solutions, GN said in a statement. urn:newsml:reuters.com:*:nL8N12F0KD

** An Australian regulator raised antitrust concerns over a planned $6.5 billion takeover by Canada's Brookfield Asset Management BAMa.TO of freight firm Asciano Ltd AIO.AX , potentially jeopardizing the country's biggest inbound deal in four years. urn:newsml:reuters.com:*:nL3N12F06O

** Swiss telecommunications provider Swisscom SCMN.VX said the Swiss Competition Commission (ComCo) had approved its plans to launch a joint online marketplace with retail group Coop. urn:newsml:reuters.com:*:nFWN12E03P

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