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Deals of the day-Mergers and acquisitions

Published 01/05/2019, 06:07 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Occidental, Auchan, Sberbank, Imperial Brands; Updates HealthEquity, Mediahuis)

April 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** U.S.-based Blackstone (NYSE:BX) Group BX.N said it had agreed to acquire South Korean wholesale drug distributor Geo-Young in a deal with the company's founder. HealthEquity Inc HQY.O confirmed its offer to acquire WageWorks Inc WAGE.N in a deal valuing the administrator of employee benefits at about $2.01 billion. Warren Buffett's Berkshire Hathaway (NYSE:BRKa) Inc BRKa.N committed $10 billion to Occidental Petroleum (NYSE:OXY) Corp's OXY.N $38 billion cash-and-stock bid for Anadarko Petroleum Corp (NYSE:APC) APC.N , boosting its chances of snatching a deal from Chevron Corp (NYSE:CVX) CVX.N . Brazilian retailer Magazine Luiza SA MGLU3.SA said in a filing on Monday it agreed to buy online shoe retailer Netshoes Ltd NETS.N for approximately $62 million. Orient Overseas International Ltd 0316.HK said it has agreed to sell its Long Beach container terminal to a subsidiary of Australia's Macquarie Group MQG.AX for $1.78 billion. Kenya's Equity Group Holdings EQTY.NR said it was in discussions with London-listed financial services firm Atlas Mara Limited about acquiring stakes in banks in Rwanda, Zambia, Mozambique and Tanzania. Russia's largest bank Sberbank SBER.MM is to spend 1 percent of the bank's profit to buy online assets of media company Rambler Group, Chief Financial Officer Alexander Morozov said. British insurer Admiral Group (LON:ADML) said it had acquired Spanish digital broker Acierto in partnership with insurer Mapfre SA MAP.MC and private equity firm Oakley Capital OCIO.L . Global investment firm KKR & Co Inc KKR.N is leading a deal to acquire a controlling stake in India Grid Trust (IndiGrid) IGTR.NS , in a bet on the country's rapidly growing power sector, people familiar with the transaction told Reuters. European media group Mediahuis has agreed to buy Ireland's largest newspaper group, Independent News & Media INME.I , for 145.6 million euros ($163.3 million) in its first major deal outside Belgium and the Netherlands. Britain's competition watchdog provisionally cleared PayPal Holdings Inc's PYPL.O $2.2 billion takeover of Swedish fintech startup iZettle IPO-IZET.ST , saying the deal did not raise competition concerns. Ingersoll-Rand Plc IR.N said it would spin off its industrial business and merge it with industrial pumps and compressors producer Gardner Denver Holdings Inc GDI.N , creating a company valued at about $15 billion. French supermarket retailer Auchan AUCH.UL has decided to sell 21 sites in France, as a result of the tough business conditions within the sector that have already impacted its rivals such as Carrefour CARR.PA and Casino CASP.PA . Russia's second-biggest food retailer Magnit MGNT.MM , MGNTq.L has dropped plans to bid for smaller rival Lenta LNTAq.L , paving the way for Russian steel magnate Alexey Mordashov to seal a takeover valuing Lenta at about $1.75 billion. British tobacco group Imperial Brands IMB.L said it would sell its global premium cigar business as part of plans to divest assets worth 2 billion pounds ($2.61 billion) by May 2020 to cut debt and invest in vaping products and other growth areas. Telecoms firm Altice has about 10 possible bidders for its Portuguese fibre network and is nearing a decision on the sale, Altice Portugal chief executive Alexandre Fonseca said.

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