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Deals of the day-Mergers and acquisitions

Published 20/09/2018, 06:14 am
© Reuters.  Deals of the day-Mergers and acquisitions
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(Adds Coca-Cola (NYSE:KO), Goldman, American Tower, Blackstone (NYSE:BX))

Sept 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Coca-Cola KO.N is moving ahead with plans to take over Nigeria's leading juice company Chi Ltd and aims to complete the deal early next year, a senior executive told Reuters. Goldman Sachs (NYSE:GS) GS.N is in advanced talks with several financial companies to spin off 'Simon', its three-year-old app that sells financial products to retail investors, the Wall Street Journal reported, citing people familiar with the matter. Brazilian competition authorities have approved American Tower Corp's AMT.N acquisition of telecommunications assets owned by Cia Energetica de Minas Gerais SA CMIG4.SA , the government's official bulletin said. U.S. private equity firm Blackstone Group LP BX.N is the sole bidder to offer an all-cash deal to buy India-based housing finance company PNB Housing Finance Ltd PNBH.NS , the Economic Times reported. Industrial gases group Linde LIN1.DE is set to sell additional assets to a consortium of Messer Group GmbH and CVC Capital Partners for about $200 million, moving closer to U.S. antitrust approval for the planned merger with Praxair (NYSE:PX) PX.N , a person familiar with the matter told Reuters. Amazon.com Inc AMZN.O and Indian private equity firm Samara Capital have bought Aditya Birla Group-owned 'More' retail chain for an enterprise value of 42 billion rupees ($580.35 million), CNBC TV18 reported, citing sources. HNA Technology Co Ltd 600751.SS , part of Chinese conglomerate HNA Group HNAIRC.UL , said it scrapped a plan to acquire Chinese company Dangdang's e-commerce assets as transaction parties failed to reach agreement. Britain's competition regulator referred Sainsbury's SBRY.L 7.3 billion-pound ($9.60 billion) takeover of Asda WMT.N for an in-depth review because their stores overlapped in hundreds of local areas. China's HNA Group HNAIRC.UL is in talks with banks to find a buyer for its CWT logistics unit, nine months after it acquired the Singaporean business in a $1 billion deal, several people familiar with the matter told Reuters. John Laing Infrastructure Fund JLIF.L said its board had agreed the terms of its proposed 1.4 billion pounds ($1.84 billion) takeover by a consortium of funds, with the price set at 142.5 pence per share in cash. A.P. Moller-Maersk MAERSKb.CO will merge Damco Supply Chain Services and Maersk Line's Ocean Product, the Danish shipping giant announced, as it seeks to offer customers the chance to deal with one firm when shipping goods across the world. Poland's state-run JSW JSW.WA is awaiting approval from the Energy Ministry in its bid to acquire the Polish mining assets of Australia's Prairie Mining PDZ.AX , JSW said.

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