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Deals of the day-Mergers and acquisitions

Published 18/12/2015, 08:00 am
Updated 18/12/2015, 08:00 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds MPI , PSP investments, Anheuser-Busch)

Dec 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:

** French oil exploration holding company MPI's MPNG.PA proposed takeover by former parent Maurel & Prom MAUP.PA was approved by MPI shareholders on Thursday, despite the objections of a minority. urn:newsml:reuters.com:*:nL8N1463TC

** A joint venture between Canadian pension fund PSP Investments and the Abu Dhabi Investment Authority has acquired a portfolio of U.S. industrial properties from Exeter Property Group for $3.15 billion, the buyers said. urn:newsml:reuters.com:*:nL8N1464YB

** Anheuser-Busch InBev ABI.BR , which has agreed to buy rival brewer SABMiller SAB.L , plans to contact potential bidders for SABMiller's Grolsch and Peroni beers on Friday and wrap up deals in less than three months, sources close to the process said. urn:newsml:reuters.com:*:nL1N1461I9

** Avon Products Inc (N:AVP) AVP.N said it had agreed to sell 80.1 percent of its North America business to private equity firm Cerberus Capital Management LP CBS.UL for $170 million. Cerberus will also invest $435 million for a 16.6 percent stake in the direct-seller of cosmetics in a deal that values Avon at about $2.5 billion. urn:newsml:reuters.com:*:nL3N1463YV

** AstraZeneca Plc AZN.L is to buy 55 percent of privately held biotech firm Acerta Pharma for $4 billion to give it access to a new kind of blood cancer drug, boosting its long-term growth at the cost of a near-term hit to earnings. urn:newsml:reuters.com:*:nL8N1460U4

** Thailand's telecoms regulator extended an auction for two 4G spectrum licenses for a third day on Thursday amid fierce competition which raised overall bidding to $3 billion, beating the total price paid for a previously awarded set of licenses. urn:newsml:reuters.com:*:nL3N1461SQ

** Spanish builder and service company ACS ACS.MC plans to sell its public cleaning and waste disposal unit Urbaser, worth around 2.5 billion euros ($2.7 billion) including debt, a source with knowledge of the situation said. urn:newsml:reuters.com:*:nL8N1462I1

** Belgium's Galapagos NV GLPG.AS has signed a deal potentially worth more than $2 billion with U.S. firm Gilead Sciences Inc GILD.O to develop a drug targeting inflammatory diseases, reviving a project abandoned by former partner AbbVie Inc (N:ABBV) ABBV.N . urn:newsml:reuters.com:*:nL8N14611Q

** National Electric Vehicle Sweden (Nevs), which bought the assets of bankrupt Saab Automobile, announced a 78 billion yuan ($12 billion) deal to supply 150,000 electric cars to Chinese leasing firm Panda New Energy. urn:newsml:reuters.com:*:nL8N1462V4

** Canada's Shaw Communications Inc SJRb.TO SJR.N said on Wednesday it has agreed to buy Wind Mobile, the country's fourth-largest wireless provider, in a deal that gives it a much-needed presence in the cellular market. Shaw said the deal valued Wind at C$1.6 billion ($1.16 billion). urn:newsml:reuters.com:*:nL3N14565E

** Private equity firm TPG Capital Management has sold Chinese company HCP Packaging to Baring Asia, returning $1.55 billion in total to investors in 2015, an annual letter to its limited partners reviewed by Reuters showed. urn:newsml:reuters.com:*:nL3N1455VE

** Turkey's Limak Cement is in talks on the acquisition of cement operations in Africa which could be worth up to 1 billion euros ($1 billion), a senior executive told Reuters, though there was no certainty a deal would be agreed. urn:newsml:reuters.com:*:nL8N1452QE

** Italian oil and gas company Eni SpA ENI.MI is in talks with a possible buyer of a majority stake in its chemicals unit Versalis but there is no binding accord yet, Chief Executive Claudio Descalzi said on Thursday. urn:newsml:reuters.com:*:nL8N14632M

** State-owned German rail operator Deutsche Bahn DBN.UL said on Thursday it plans to weigh up a possible partial sale of its Arriva and DB Schenker units. urn:newsml:reuters.com:*:nL8N1462OD

** Japan's TDK Corp 6762.T said on Thursday it plans to acquire Micronas Semiconductor Holding AG MASN.S for up to 214 million Swiss francs ($215 million). urn:newsml:reuters.com:*:nL3N1462KB

** Munich Re's MUVGn.DE insurance unit Ergo has agreed to buy nearly 23 percent more in its India joint venture with Housing Development Finance Corp Ltd HDFC.NS for 11.22 billion rupees ($169.03 million), in the latest deal in India's insurance sector after foreign ownership rules were eased this year. urn:newsml:reuters.com:*:nL3N1464GU

** Commercial International Bank Egypt SAE COMI.CA , Egypt's largest listed company, said on Thursday it had accepted a 1 billion Egyptian pound ($127.7 million) offer from Orascom Telecom Media and Technology Holding SAE OTMT.CA to buy its investment bank subsidiary CI Capital. urn:newsml:reuters.com:*:nL8N1460E7

** Scottish Power Renewables IBE.MC has sold its tidal power business to Atlantis Resources Ltd ARL.L in exchange for a six percent stake in Tidal Power Scotland Limited, the country's largest tidal power developer. urn:newsml:reuters.com:*:nL8N1462I6

** Fiat Chrysler Automobiles (N:FCAU) NV FCHA.MI , which lags the auto industry in fuel efficiency, purchased U.S. greenhouse gas emissions credits from rival automakers Toyota Motor Corp 7203.T , Tesla Motors Inc (O:TSLA) and Honda Motor Co 7267.T , a government report released on Wednesday show. urn:newsml:reuters.com:*:nL1N1452VX

** Hotel operator Hilton Worldwide Holdings Inc HLT.N plans to spin off its hotel properties into a REIT, a person familiar with the matter told Reuters on Wednesday. urn:newsml:reuters.com:*:nL3N1455CR

** Distill Ventures, part of spirits giant Diageo Plc DGE.L , on Wednesday said it has invested in Starward whisky, to help the Australian start-up boost its production and expand into new export markets. urn:newsml:reuters.com:*:nL8N1454ZZ

** Alibaba (N:BABA) Group Holding Ltd BABA.N is not in talks to acquire Hong Kong's Ming Pao newspaper, company spokesman Rico Ngai told Reuters on Thursday. urn:newsml:reuters.com:*:nB9N0YV01N

($1 = 6.48 Chinese yuan renminbi)

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