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Deals of the day-Mergers and acquisitions

Published 09/02/2018, 01:06 am
Updated 09/02/2018, 01:10 am
© Reuters.  Deals of the day-Mergers and acquisitions

Feb 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:

** Swiss Re SRENH.S said it is in preliminary talks to sell a minority stake to SoftBank Group 9984.T - a deal that reportedly could be worth $10 billion or more, in what would be the Japanese firm's biggest financial services deal to date. Bahrain-based private equity firm Investcorp is in the advanced stages of merger and acquisition deals in the Gulf, the United States and Europe, the co-chief executive said. Norwegian fertiliser-maker Yara International YAR.OL is focusing on integrating recent acquisitions in India and Brazil, rather than doing more deals, Chief Executive Svein Tore Holsether told Reuters. Shares in Danish telecoms operator TDC TDC.CO surged after it rejected a reported $6 billion takeover approach from Australia's Macquarie MQG.AX and three Danish pension funds. Canadian oil sands producer MEG Energy MEG.TO said it had agreed to sell some pipeline and storage assets in Alberta to Wolf Midstream Inc for C$1.61 billion ($1.28 billion) to pay down debt and fund its flagship project in Athabasca. Spanish toll operator Abertis ABE.MC , at the centre of a 17.1-billion-euro ($21 billion) takeover battle, is seeking to sell a majority stake in its satellite business Hispasat to Spanish power grid operator Red Electrica REE.MC for 656 million euros ($803 million).

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