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Deals of the day-Mergers and acquisitions

Published 18/05/2018, 06:01 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Lundin, Advanced Technology & Materials, Alrosa, J&T Private, PayPal, Vivendi )

May 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** China's Advanced Technology & Materials (AT&M) 000969.SZ has completed its takeover of Cotesa, the head of the German aerospace supplier told the Handelsblatt newspaper, following an investigation by German authorities. Russian diamond miner Alrosa ALRS.MM may buy state-owned diamond polisher Kristall in 2018, Russia's Deputy Finance Minister Alexei Moiseev said on Thursday. Investment vehicle J&T Private Investments said on Thursday it had taken over shareholder rights and installed crisis management at CEFC Europe, the Czech-based part of the troubled Chinese conglomerate CEFC China Energy. PayPal Holdings Inc PYPL.O is in advanced talks to buy Swedish payment group iZettle, Sky News reported on Thursday, citing sources familiar with the matter. French media group Vivendi VIV.PA resumed hostilities over Telecom Italia TLIT.MI on Thursday with a threat to call a new shareholder meeting to change the Italian company's board, two weeks after it lost control to U.S. activist fund Elliott. Lundin Mining LUN.TO , which made a C$1.5 billion takeover offer for Nevsun Resources NSU.TO , is bringing on a partner to buy Nevsun's Bisha mine in Eritrea, due to the country's poor human rights records. China's Tianqi Lithium Corp 002466.SZ said it would buy a minority stake in Chilean lithium producer SQM SQMa.SN for $4.07 billion, gaining more global access to a key component in rechargeable batteries that power mobile phones and electric cars. Three large North American pipeline operators said on Thursday they would absorb their midstream assets after a U.S. energy regulator removed some tax benefits for master limited partnerships (MLP) in March. Enbridge Inc ENB.TO , Williams Cos WMB.N and Cheniere Energy Inc LNG.A all said they would buy out their MLP pipeline or storage assets in multi-billion dollar deals. Australia and New Zealand Banking Group ANZ.AX has agreed to sell its 55 percent stake in a Cambodian joint venture to Japan's J Trust 8508.T , as the lender exits a string of minority holdings to streamline its capital requirements. Toshiba Corp 6502.T said that China regulators have approved the $18 billion sale of its chip unit to a consortium led by U.S. private equity firm Bain Capital, marking the end to a year-long saga surrounding its most prized asset. Finnish healthcare company Terveystalo TTALO.HE has agreed to buy Swedish rival Attendo's ATTE.ST Finnish operations for 233 million euros ($275 million). U.S. investment fund Harbour Energy formalised its $10.36 billion bid for Australia's Santos Ltd STO.AX but failed to sweeten its offer, dashing hopes of a higher price and sending the oil and gas producer's shares lower. Bartlett and Company, which says it is a top exporter of U.S. grain to Mexico, will merge with logistics provider Savage Companies, the firms said, in the latest round of consolidation to hit the struggling agriculture sector. A Delaware judge essentially called a time out in the escalating feud between the board of CBS Corp (NYSE:CBS) CBS.N and its controlling shareholder National Amusements Inc, owned by the Redstone family, which wants to merge it with Viacom Inc VIAB.O . Russia's Analytical Credit Rating Agency (ACRA) said it has closed a deal to buy Slovak European Rating Agency (ERA), its first acquisition outside Russia as it aims to expand abroad. Anglo American AAL.L is likely to sell up to 30 percent of its multi-billion dollar Peruvian copper project Quellaveco to Japanese entities, including Mitsubishi, which already own part of it, three sources familiar with the matter said. Britain's online supermarket Ocado OCDO.L clinched a game-changing deal with Kroger (NYSE:KR) KR.N as its exclusive partner in the U.S., securing its entry into the world's biggest market and sending its shares soaring more than 50 percent.

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