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Deals of the day-Mergers and acquisitions

Published 04/08/2018, 06:30 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Updates Perry Ellis; Adds Alitalia, Amcor, Banco BPM)

Aug 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Friday:

** Heineken HEIN.AS is taking a $3.1 billion stake in the parent of China Resources Beer 0291.HK , China's top brewer, to tap a growing thirst for premium brands in the world's biggest beer market. Aimia said it rebuffed an offer by Air Canada and partners to buy its Aeroplan loyalty program and urged the carrier to make a higher offer for the business. Pan-European exchange Euronext ENX.PA said its second-quarter core earnings rose 11.9 percent, helped by its acquisition of the Irish Stock Exchange, higher listings and a rise in trading volumes. Chinese ride-hailing giant Didi Chuxing and Alibaba's BABA.N Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to $2 billion, according to a source with direct knowledge of the discussions. British Airways-owner IAG ICAG.L does not plan to remain a long-term shareholder in bid target Norwegian Air Shuttle NWC.OL if a takeover of the low-cost airline does not go ahead. Investment fund Ardian has agreed to pay 850 million euros ($985 million) to create a strategic partnership with Italy's Gavio group to support the growth of motorway infrastructure companies ASTM-SIAS. Spanish pharmaceutical company Almirall ALM.MC said it had agreed to buy five dermatology brands from U.S. company Allergan (NYSE:AGN) AGN.N for up to $650 million in cash. Indonesian regulators said Japanese lender Mitsubishi UFJ Financial Group Inc (MUFG) 8306.T can expand its stake in PT Bank Danamon Tbk BDMN.JK to beyond 40 percent provided it meets certain provisions. Nissan Motor Co 7201.T said it agreed to sell its electric car battery unit to Chinese renewable energy firm Envision Group for an undisclosed sum. Activist fund Elliott declined to comment on a media report it had built a stake of around 1 percent in Italy's influential investment bank Mediobanca MDBI.MI . U.S. President Donald Trump has not contacted the Federal Communications Commission about its lack of approval for Sinclair Broadcast Group's SBGI.O deal to buy Tribune Media Co TRCO.N , which Trump has called "disgraceful" on Twitter, FCC Chairman Ajit Pai said. Euronext ENX.PA is interested in making further acquisitions to move its business away from pure share trading, the exchange's chief executive Stephane Boujnah said, as long as the price is right. Italian investment bank Mediobanca MDBI.MI has reached an agreement to buy a 19.9 percent stake in Indonesia's consumer credit operator BFI Finance BFIN.JK through its wholly-owned unit Compass Banca, the bank said. Perry Ellis International Inc PERY.O said men's fashion accessories maker Randa had raised its offer for the company to $458.6 million that could result in a superior proposal. The three offers that Alitalia CAITLA.UL received during a sales process kicked off by Italy's previous government were not appropriate for the Italian carrier, the state-appointed commissioners who have run the airline since last year said in a report. Australian packaging company Amcor Ltd AMC.AX is in advanced talks to buy U.S. rival Bemis Co BMS.N , the Wall Street Journal reported, citing people familiar with the matter. Italy's third-largest bank Banco BPM BAMI.MI said it had shortlisted three bidders for the sale of up to around 10 billion euros ($12 billion) in bad loans, as market turmoil took a toll on its second-quarter earnings.

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