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Deals of the day-Mergers and acquisitions

Published 19/09/2019, 06:00 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Coca-Cola (NYSE:KO))

Sept 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Coca-Cola HBC CCH.L , which bottles Coca-Cola KO.N products in Europe, has agreed to buy Italian mineral water maker and sparkling beverage company Lurisia in a deal worth 88 million euros ($97 million), it said. India's government is open to selling a partial stake in debt-laden state-run carrier Air India to a foreign airline, people familiar with the matter said. Orsted ORSTED.CO has agreed to sell its Danish power distribution and retail businesses to energy firm SEAS-NVE for 21.3 billion Danish crowns ($3.15 billion) on a cash and debt-free basis, the Danish utility said. Eddie Stobart Logistics Plc ESLE.L said on Wednesday it had received a "highly preliminary" expression of interest from TVFC Ltd, a company controlled by Stobart Group's STOB.L former boss Andrew Tinkler. Australia's coalition government will face its biggest test toward investment from mainland China since its May re-election with at least two corporate buyouts likely needing approval from a regulatory body increasingly vigilant of security risks. Oil major Exxon Mobil Corp (NYSE:XOM) XOM.N said it was looking to sell its 50% stake in the Gippsland Basin oil and gas development in Australia's Bass Strait as part of a broader review of its portfolio of assets around the world. Nissan Motor Co Ltd 7201.T is looking to sell its vehicle parts and materials distribution business in a deal that may be valued at about $1 billion, Bloomberg reported, as the struggling Japanese automaker seeks to slim down. National Bank (NBG) NBGr.AT plans to sell four portfolios of non-performing loans this year, bankers close to the process said, as Greece's recovering economy allows its major banks to focus on balance sheet repair after a 10-year debt crisis. Britain will investigate the national security impact of the purchase of defence company Cobham COB.L by U.S. private equity firm Advent International, potentially delaying or even blocking the $5 billion deal.

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