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Deals of the day-Mergers and acquisitions

Published 14/09/2019, 06:05 am
© Reuters.  Deals of the day-Mergers and acquisitions
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(Adds TenneT, Barrick Gold, Advent International; Updates London Stock Exchange )

Sept 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Hong Kong's exchange refused to give up on its bid to take over the London Stock Exchange LSE.L after the British bourse emphatically rejected its $39 billion takeover offer. The London Stock Exchange LSE.L emphatically rejected the Hong Kong bourse's $39 billion takeover offer, opting to stick with its planned purchase of data and analytics group Refinitiv. The Dutch government is exploring options to fund the investment German-Dutch grid company TenneT IPO-TTH.AS needs, including a partial or full sale of the business, it said. Canadian miner Barrick Gold ABX.TO has won approval from a British court for its $1.2 billion takeover of Acacia Mining ACAA.L , the African gold miner said, removing the last hurdle to the conclusion of the deal. U.S. private equity firm Advent International is set to clinch its 4 billion pound ($4.99 billion) takeover of defence and aerospace group Cobham Plc COB.L after Advent received support from more than 75% of shareholders, the Financial Times reported. Australia's Pacific Energy Ltd PEA.AX said that suitor QIC Private Capital had raised its initial bid to value the power generator at about A$466.7 million ($320.9 million), matching a rival consortium's recent offer for the company. Relative newcomer OVO Energy is set to become one of Britain's Big Six energy suppliers after striking a 500 million pound ($622.65 million) deal to buy SSE's SSE.L retail arm. Bitauto Holdings Ltd BITA.N said it has received a buyout proposal from Tencent Holdings Ltd 0700.HK and Hammer Capital for shares they don't own in the Chinese online marketer. Finland's Kone KNEBV.HE is open to a co-shareholding structure in a potential deal to merge with Thyssenkrupp's TKAG.DE elevator division, its chief executive officer told Bloomberg News. Russia's central bank is sticking to its plan to put bailed-out banks up for sale as soon as possible, Governor Elvira Nabiullina told a financial conference. Inpex Corp 1605.T , Japan's top oil and gas company, wants to expand in Australia at its Ichthys liquefied natural gas (LNG) plant and through potential acquisitions, as part of a plan to become a major regional gas company, its Australian boss said. Greece's privatisation agency is considering selling a stake in the country's biggest oil refiner Hellenic Petroleum, Hellenic said. A consortium led by CSA Energie-Infrastruktur Schweiz (CSA) has got 89.22% of shares in Swiss utility Alpiq ALPH.S after a 70 Swiss francs per share tender offer, according to definitive preliminary results.

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