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Deals of the day- Mergers and acquisitions

Published 08/09/2015, 08:34 pm
Updated 08/09/2015, 08:38 pm
© Reuters.  Deals of the day- Mergers and acquisitions

Sept 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday:

** MS&AD Insurance Group Holdings Inc 8725.T said it has agreed to buy U.K. rival Amlin Plc AML.L for 3.47 billion pounds ($5.34 billion), in the fourth major international deal in as many months by Japanese insurers expanding overseas. ID:nL4N11D39Q

** British insurer RSA RSA.L said it would sell its Latin American operations to Colombia's GrupoSura SIS.CN for about 403 million pounds ($617 million) in cash as it retreats from secondary markets. ID:nL4N11E2Y8

** India's JSW Energy Ltd JSWE.NS has signed an accord to buy a power plant from Jaiprakash Power Ventures Ltd JAPR.NS , the companies said, as India's indebted corporations sell assets to repair their balance sheets. ID:nL4N11E2Y8

** Car designer Pininfarina PNII.MI and Mahindra and Mahindra MAHM.NS are aiming to reach a deal on the sale of the Italian group to the Indian vehicle maker in the next couple of weeks, several sources close to the situation said. ID:nI6N10H025

** Betfair BETF.L and Irish rival Paddy Power PLSA.I have reached agreement on a 6 billion pound ($9.2 billion)combination, first set out last month and designed to secure leadership of Britain's competitive online gambling market. ID:nL5N11E0OZ

** Thai Union Frozen Products Pcl TUF.BK , the world's largest canned tuna maker, said it had signed a joint venture agreement with a subsidiary of Saudi Arabia's Savola Group 2050.SE to tap the Middle Eastern seafood market. ID:nL4N11E2GW

** Punch Taverns Plc PUB.L said it would sell its 50 percent stake in UK-based drinks wholesaler Matthew Clark to Conviviality Brands for 100.7 million pounds ($154.50 million) in cash. ID:nL4N11E2JW

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** Port operator APM Terminals, part of Danish shipping and oil group A.P. Moller-Maersk MAERSKb.CO , has reached an agreement with Perez y Cia to acquire their majority stake in the Barcelona-based Grup Maritim TCB and its 11 container terminals. ID:nFWN11E00O

** The French government still plans on selling 4 billion euros ($4.47 billion) of assets this year, Finance Minister Michel Sapin said, adding that it was normal to take market conditions into account in light of recent turbulence. ID:nP6N10100J

** Malaysia's national utility Tenaga Nasional Bhd TENA.KL is one of four suitors shortlisted for the final round of bidding in state fund 1MBD's TERRN.UL sale of its power unit Edra Global Energy Bhd, banking sources said. ID:nL4N11E09M

** Hikma Pharmaceutical Plc HIK.L said it would buy nearly the entire share capital of EIMC United Pharmaceuticals, a drugmaker specialising in oncology products, from a consortium of shareholders to boost its position in the Egyptian market. ID:nL4N11E2LI

** Russian bank Sberbank SBER.MM is planning to sell its Slovenian unit, mainly because of the small market in the country, Slovenian daily newspaper Dnevnik reported, citing unnamed sources. ID:nL5N11E0N7

** Bank of Yokohama Ltd 8332.T said it had agreed to merge with smaller rival Higashi-Nippon Bank Ltd 8536.T in a deal that would create Japan's largest regional bank and spur further consolidation in the sector. ID:nL4N11E21N

** Woodside Petroleum Ltd WPL.AX , Australia's biggest independent oil and gas producer, has approached rival Oil Search Ltd OSH.AX with an $8 billion all-share takeover plan that would give it stakes in two of the world's lowest-cost LNG projects. ID:nL4N11E08M

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** Tesco TSCO.L is selling its South Korean arm to a group led by private equity firm MBK Partners for $6.1 billion, it said, as the British supermarket retreats from foreign markets to focus on reviving its troubled domestic business. ID:nL5N11D0HI

** Canadian energy company Emera Inc EMA.TO will acquire U.S. electric and gas utility holding company Teco Energy Inc TE.N for $6.44 billion to expand in the United States. ID:nL4N11A3ZY

** British bank Barclays Plc BARC.L has sold a 1.6 billion pound ($2.4 billion) portfolio of UK loans to a group of investors led by U.S. investment bank Goldman Sachs Group Inc (NYSE:GS) GS.N . ID:nL5N11D1S8

** China's sixth largest private company CEFC added to a weeklong buying spree in the Czech Republic, announcing deals to buy a majority stake in a top brewery group and a share in an airline company in the central European country. ID:nL5N11B051

** Chinese ride-hailing service Didi Kuaidi is set to raise about $3 billion through its latest fundraising round, said two people familiar with the matter, just as funding at the Chinese unit of rival Uber Technologies Inc UBER.UL reaches $1.2 billion. ID:nL4N11D2K8

** TeliaSonera TLSN.ST Telenor TEL.OL have offered to sell up to 40 percent of a network infrastructure unit, part of their proposed Danish mobile deal to win over EU antitrust regulators worried about a lack of competition resulting from their deal. ID:nL5N11D3TV

** Chile's bank watchdog authorized Corpbanca's COB.SN merger with the Chilean operations of Brazil's Itau Unibanco Holding SA ITUB4.SA , in one of the final hurdles for the conclusion of the deal by early 2016, Itau said. ID:nL1N11B0OM

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** Fiat Chrysler Automobiles (NYSE:FCAU) (FCA) FCHA.MI boss Sergio Marchionne said that seeking a tie-up with General Motors (NYSE:GM) GM.N was a "high priority" and such a deal would also be the best strategic option for its U.S. rival. ID:nL5N11C0KV

** German publisher Axel Springer SPRGn.DE is withdrawing from its Russian business, Russian news agency RBC reported, citing two media sources and a government source. ID:nL5N11C0J5

** Kenya's I&M Holdings IMH.NR said it planned to buy a locally owned Giro Commercial Bank for an undisclosed amount. ID:nL5N11D0PI

** Israel's parliament approved a controversial deal that would enable the development of three offshore natural gas fields, although regulatory hurdles still remain. ID:nL5N11D2F5

** U.S. industrial conglomerate Dover Corp (NYSE:DOV) DOV.N said it has agreed to buy part of French petrol station equipment provider Tokheim Group's businesses for 425 million euros ($473.58 million) to expand its fluids division. ID:nL4N11D2UY

** Italian bank Monte dei Paschi di Siena BMPS.MI is looking to sell a portfolio of non-performing corporate loans worth 1.8 billion euros ($2 billion) by early next year to free up capital, a source with knowledge of the matter said. ID:nI6N10H01V

** Shareholders of Massar Solutions have mandated HSBC to sell a 40 percent stake in the United Arab Emirates vehicle rental and fleet management firm, two sources aware of the matter told Reuters, months after its flotation was pulled. ID:nL5N11D2CS

** Russia's Gazprom GAZP.MM and Royal Dutch Shell RDSa.L have started commercial talks on Baltic LNG project, Interfax news agency quoted Gazprom Chief Executive Alexei Miller as saying. ID:nR4N10G02R

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** Portugal's Novo Banco, the so-called good bank carved out of Banco Espirito Santo (BES), has completed the sale of its investment banking arm to China's Haitong Securities 600837.SS , which said the deal would provide it with a platform for expansion. ID:nL5N11D327

($1 = 1.44 Australian dollars)

($1 = 0.90 euros)

($1 = 0.65 pounds)

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