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Deals of the day-Mergers and acquisitions

Published 09/10/2018, 12:35 am
Updated 09/10/2018, 12:35 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds BNP Paribas , Ensco Plc, Qualicorp, Microsoft, Apollo Global, AlixPartners, Com Hem)

Oct 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 13:30 GMT on Monday:

** The European Commission approved without any conditions the acquisition of Swedish Com Hem COMH.ST telecoms services provider by rival Tele2 TEL2b.ST . AlixPartners, the interim manager of Abraaj's $1 billion healthcare fund, has decided to redistribute the troubled private equity firm's stake in the fund to its other investors, sources familiar with the matter said. Apollo Global Management LLC APO.N said that it agreed to buy about $1 billion portfolio of equity investments in energy assets from General Electric (NYSE:GE)'s GE.N finance arm GE Capital. EU antitrust regulators are set to approve Microsoft's MSFT.O $7.5 billion bid for coding website GitHub without demanding concessions, two people familiar with the matter said. Jose Seripieri Filho, a shareholder and founder of Brazilian healthcare insurer Qualicorp SA QUAL3.SA , has pledged to acquire at least 150 million reais ($39.1 million) worth of the company's shares, the firm said. Deep-sea oil driller Ensco Plc ESV.N said it would buy smaller rival Rowan Cos Plc RDC.N in an all-stock deal valued at $2.38 billion, as it looks to increase its rig count and benefit from Rowan's joint venture with Saudi Aramco. BNP Paribas BNPP.PA , France's largest listed bank, said that it plans to sell part of its 22 percent stake in Indian insurer SBI Life SBIL.NS over the coming quarters as local regulation requires a larger free-float for SBI Life. China's Evergrande Health Industry Group Ltd 0708.HK shares slumped, on news it was being sued by electric vehicle (EV) start-up Faraday Future for failing to make a payment and that Faraday was looking to scrap a deal to sell a stake. French hospital operator Ramsay Generale de Sante GDSF.PA raised its cash bid for Sweden's Capio CAPIO.ST by almost 20 percent, valuing the company at around 8.19 billion crowns ($903 million). A wealth management tie-up between Schroders SDR.L and Lloyds LLOY.L would give the asset manager access to the distribution network of Britain's biggest bank, which would gain investment skills and greater diversification, analysts said. Baker Hughes BHGE.N , the world's second-largest oil services company, will take a 5 percent stake in Abu Dhabi National Oil Company's (ADNOC) ADNO.AD drilling unit for $550 million under a tie-up. KKR & Co KKR.N has launched a A$1.75 billion ($1.24 billion) takeover offer for MYOB Group MYO.AX after buying almost a fifth of the Australian accounting software provider, as the U.S. private equity firm grows its portfolio of tech businesses. Czech lender Moneta Money Bank MONET.PR announced plans on Monday to acquire domestic peer Air Bank and other assets in one of the largest deals in the Czech banking sector in recent years. Orsted ORSTED.CO , the world's largest offshore wind developer, said it would buy U.S.-based Deepwater Wind LLC for $510 million as part of its strategy to expand in a major growth market. Britain's largest listed insurer Prudential Plc PRU.L is eager to make acquisitions in Asia and is eyeing distribution partnerships with banks in countries including Indonesia and Vietnam to boost growth, its Asia chief executive said. Australian Unity Office Fund AOF.AX said that funds managed by Starwood Capital Asia Ltd raised their buyout offer for the real estate investment trust for a third time, making the deal potentially worth A$480.4 million ($338.9 million). Asset manager Schroders Plc SDR.L and Lloyds Banking Group LLOY.L said on Sunday they were in discussions over a wealth management alliance. Britain has sought additional reassurances from cable company Comcast CMCSA.O over the editorial independence of the Sky News television channel following the U.S. group's takeover of broadcaster Sky SKYB.L . France would block any moves by a foreign power to gain control of ADP ADP.PA , the airports company whose possible privatization has been approved by the government, Finance Minster Bruno Le Maire said.

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