Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Deals of the day- Mergers and acquisitions

Published 03/07/2015, 06:00 am
Deals of the day- Mergers and acquisitions

(Adds Unilever , K+S, Mondelez, Qatar National Bank, Pierre & Vacances, PZU , Electrolux, Lisbon Oceanarium, Yelp, ING Group; Updates JBS, Centene)

July 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Britain has cut its stake in Lloyds Banking Group Plc LLOY.L to below 16 percent, taking the total raised through the sale of the government's shares in the bank to more than 12.5 billion pounds ($19.5 billion). ID:nL8N0ZI0IN

** German potash miner K+S SDFGn.DE rejected Potash Corp of Saskatchewan's POT.TO 7.9 billion euro ($8.7 billion) takeover bid on Thursday, saying it was too low and that the Canadian suitor could be planning to dismantle the company, putting jobs at risk. ID:nL8N0ZI34D

** Mondelez International Inc MDLZ.O said it was in talks with multiple parties for the sale of French coffee brand Carte Noire to address European antitrust concerns as it closed a deal with D.E Master Blenders DEMBF.PK to create the world's biggest standalone coffee company. ID:nL3N0ZI44P

** Brazil's JBS SA JBSS3.SA , the world's largest meat packer, said in a presentation on Thursday that it expects relevant synergies of more than $75 million from its $1.45 billion acquisition of Cargill Inc's CARG.UL U.S. pork assets. ID:nE6N0ZF02Y ID:nL1N0ZH2QF

** Dutch lender ING Group ING.AS is set to win the auction to buy HSBC's HSBA.L Turkish business, people familiar with the matter said on Thursday. ID:nL8N0ZI48V

** Qatar National Bank and Bahrain's Arab Bank Corp did not follow up early interest in acquiring HSBC's Turkish business because they are more interested in National Bank of Greece's Turkish arm Finansbank, two people familiar with the matter said. ID:nL8N0ZI3Z4

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

** Anglo-Dutch consumer goods giant Unilever ULVR.L is to buy U.S. skincare company Murad, its fourth premium skincare deal in recent months. ID:nL8N0ZI40J

** Yelp Inc YELP.N , operator of consumer review website yelp.com, had temporarily decided not to pursue a sale, Bloomberg reported, citing people with knowledge of the matter. ID:nL3N0ZI4YK

** Poland does not plan a rapid sale of shares of insurer PZU PZU.WA , bank PKO BP PKO.WA or utility PGE PGE.WA to finance the state investment project Polskie Inwestycje, Deputy Treasury Minister Wojciech Kowalczyk said in a statement. ID:nW8N0YV023

** The head of Sweden's Electrolux ELUXb.ST said he believed a $3.3 billion deal to buy the GE Appliances GE.N business could be salvaged after the United States moved to block it. ID:nL8N0ZI2D2

** Portugal has agreed to sell the operating rights for the Lisbon Oceanarium for a larger-than-expected 114 million euros ($127 million), helping to meet some of the debts of the public company that managed it. ID:nL8N0ZI35W

** China National Chemical Corp (ChemChina) has secured European Union antitrust approval for its 7.1-billion-euro ($7.86 billion) bid for Italian tire maker Pirelli & C SpA PECI.MI , creating a global leader with a 10 percent market share. ID:nL8N0ZH1Q6

** U.S. health insurer Centene Corp CNC.N will buy smaller rival Health Net Inc HNT.N for $6.3 billion, underscoring the healthcare industry's rush to bulk up to negotiate better prices with suppliers and hospitals, and attract new customers. ID:nL3N0ZI3QS

** Carlyle Group LP CG.O and MBK Partners are among the shortlisted bidders for Tesco Plc's TSCO.L South Korea business which is valued at about $6 billion, people familiar with the matter told Reuters on Thursday. ID:nL3N0ZI04C

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

** Buyout firm Kelso & Co is in advanced discussions to acquire US LBM Holdings LLC, in a deal that could value the U.S. building materials distributor at around $1 billion, including debt, according to people familiar with the matter. ID:nL8N0ZH5EZ

** PayPal Inc said it would buy digital money transfer provider Xoom Corp XOOM.O for $890 million as it muscles into a growing international remittance market and expand in countries such as Mexico, India and China ahead of a spinoff from eBay Inc EBAY.O . ID:nL3N0ZH51M

** Morocco's Platinum Power, a subsidiary of U.S. private equity firm Brookstone Partners, plans to invest 500 billion CFA francs ($845.9 million) to build a hydroelectric project in Cameroon, the company said. ID:nL8N0ZH5FS

** Spanish travel technology company Amadeus IT Holding SA AMA.MC said it would buy Navitaire, a subsidiary of Accenture Plc ACN.N , for $830 million, to focus mainly on digital services for airline passengers. ID:nL1N0ZI017

** U.S. video content developer Scripps Networks Interactive Inc SNI.N has completed its purchase of a 52.7-percent stake in Polish broadcaster TVN SA TVN.WA from local holding ITI and Vivendi's VIV.PA Canal+ Group, the sellers said on Thursday.

SNI unit Southbank Media paid 584 million euros ($646.4 million) for the stake and SNI will assume debt worth 856 million euros. ID:nL8N0ZI0K0

** The planned sale of the Philippine government's majority stake in United Coconut Planters Bank UCPB.UL has drawn interest from U.S. private equity companies and domestic conglomerate San Miguel Corp SMC.PS , a person with knowledge of the matter said. ID:nL3N0ZI1MH

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

** Australian investment manager Challenger Ltd CGF.AX said on Thursday that it sold its 25 percent stake in global fixed income fund manager Kapstream Capital Pty Ltd to Janus Capital Group Inc JNS.N for A$45 million ($34.4 million). ID:nL3N0ZI07W

** Brazil's state-run oil company Petroleo Brasileiro SA PETR4.SA agreed to sell its 20 percent interests in the Bijupira and Salema oil and natural gas fields in Brazil's Campos Basin northeast of Rio de Janeiro to Petro Rio SA PRIO3.SA for $25 million, according to a statement. ID:nL1N0ZI00B

** British electrical goods and mobile phone retailer Dixons Carphone Plc DC.L has sealed a deal with Sprint Corp S.N , the U.S. mobile network operator, that could see it open and manage up to 500 Sprint-branded stores in the United States. ID:nL8N0ZI1VF

** Qatar Navigation QSC QNNC.QA (Milaha) said on Thursday its unit Qatar Shipping Company had acquired the remaining 60 percent interest in two firms which own Liquefied Natural Gas (LNG) carriers from France's Societe Generale SOGN.PA . ID:nL8N0ZI2AI

** Indonesian state energy firm Pertamina PERTM.UL said it was considering acquiring a 60 percent stake in engineering contractor Rekayasa Industri (Rekind), among efforts to improve its engineering resources. ID:nL3N0ZI1NG

** The chief executive of Indonesia's Surya Semesta SSIA.JK said on Wednesday that he was considering buying Rajawali Group's entire 21 percent stake in Nusantara Infrastructure Tbk PT META.JK and that any deal might include a partnership with Malaysia's PLUS Expressways International Bhd PLUE.UL . ID:nL3N0ZI1QY

** John Fredriksen will merge tanker companies Frontline Ltd FRO.OL and Frontline 2012 Ltd FRNT.NFF , the Norwegian shipping tycoon announced on Thursday. ID:nL8N0ZI0UG

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

** Norway's Statoil ASA STL.OL and Lithuania's Lietuvos Energija plan to join forces to develop a small-scale liquefied natural gas (LNG) supply operation, competing with Finnish gas utility Gasum. ID:nL8N0ZI1OY

** Poland's No.2 power firm Tauron TPE.WA backed from talks on selling its wind farms with the hitherto partner and launched cooperation with smaller rival Enea SA ENAE.WA on its renewable sources of energy business, Tauron said on Thursday. ID:nW8N0YV022 ($1 = 0.64 pounds) ($1 = 591.11 CFA francs) ($1 = A$1.31) ($1 = 0.90 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.