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Deals of the day-Mergers and acquisitions

Published 10/04/2019, 06:06 am
© Reuters.  Deals of the day-Mergers and acquisitions
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(Adds Wells Fargo (NYSE:WFC) & Co, Newlat, Axioma, Deutsche Bank , St Gobain, Petrobras, RedSeal; Updates Wynn Resorts and Telenor )

April 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** U.S. retirement plan administrator Principal Financial Group PFG.O said it would buy Wells Fargo & Co's WFC.N retirement plan services business for $1.2 billion, as it seeks a larger presence in markets serving mid-sized companies. Italian food group Newlat, which is planning a Milan listing this year to raise funds for acquisitions, is looking at Kraft Heinz's KHC.O Plasmon division. Deutsche Boerse DB1Gn.DE is buying risk management software provider Axioma for $850 million, the stock exchange operator said, and plans to merge the unit with its existing index business to create a new analytics firm. Deutsche Bank's Chief Executive had a series of meetings with Germany's deputy finance minister before and immediately after it announced merger talks with a state-backed rival, according to information revealed by the government. A plan by Qatar's sovereign wealth fund to make a significant investment in Deutsche Bank DBKGn.DE has stalled, according to two people with knowledge of the matter. French Finance Minister Bruno Le Maire said he was examining all options regarding St Gobain's SGOB.PA Pont-A-Mousson plant, including possible deals with a Chinese partner or a U.S. fund. Brazilian oil company Petroleo Brasileiro SA PETR4.SA released new rules for companies that intend to bid for its liquefied petroleum gas (LPG) subsidiary Liquigas Distribuidora, according to a filing. Private equity firm Symphony Technology Group said it has taken 70 percent stake in cybersecurity company RedSeal, a deal worth about $70 million. Wynn Resorts Ltd WYNN.O , the world's No. 2 casino operator, said it scrapped preliminary talks to acquire Crown Resorts Ltd CWN.AX for A$10 billion ($7.1 billion), after the Australian Financial Review broke news of the negotiations. Buyout group Apollo APO.N is preparing French glass bottle maker Verallia for a stock market listing later this year, in what could become one of the largest French initial public offerings of the year, people close to the matter said. Telenor TEL.OL will enter Finland's telecoms market after agreeing to buy a controlling stake in the country's third-largest mobile firm DNA DNAO.HE , completing its presence in the Nordic region. Japan's JERA, the world's top buyer of liquefied natural gas, said it had signed an agreement with a Mitsubishi Corp 8058.T unit to buy up to 16 cargoes, or 1.2 million tonnes per annum (mtpa), of LNG from the LNG Canada project.

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