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Deals of the day-Mergers and acquisitions

Published 25/01/2020, 08:00 am
Updated 25/01/2020, 08:00 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds BlackRock Inc (NYSE:BLK), Oi SA, AEA Investors, Finablr , WEX Inc, Vicentin)

Jan 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:

** Argentina's top exporter of processed soy, Vicentin, is in talks over a potential takeover deal with firms including European grains giant Glencore (LON:GLEN) to help resolve a debt crisis, according to two sources close to the negotiations. Fintech company WEX Inc WEX.N said it would buy payments services providers eNett and Optal for about $1.7 billion to strengthen its presence in the online travel bookings market, which is expected to grow at about 9% through 2023. Shares in payments company Finablr FINF.L plunged 27% after it disclosed its majority owner, UAE-based Indian billionaire B. R. Shetty, had pledged over half the company's stock as security against debts it incurred buying Travelex. Private equity firm AEA Investors is exploring a sale of 1-800 Contacts Inc that could value the U.S. contact lens retailer at more than $2 billion, including debt, according to people familiar with the matter. Brazilian telecom carrier Oi SA OIBR4.SA has sold its 25% stake in Unitel to Angola's state-oil company Sonangol for $1 billion, according to a securities filing. Asset managers BlackRock Inc, Franklin Templeton and Principal Financial Group (NASDAQ:PFG) are vying for a partnership with state-controlled lender Banco do Brasil's asset management unit, a Brazilian newspaper reported. Dutch food ordering firm Takeaway.com TKWY.AS is pressing ahead with its 6.2 billion pound takeover of Just Eat JE.L despite a shock last-minute setback when the UK competition authorities said they would probe the deal to create one of the world's largest meal delivery companies. Village Roadshow Ltd VRL.AX said it has received an unsolicited buyout offer from a private equity firm that valued the Australian movie theatre and theme park operator at A$777 million ($531 million), about 2% more than a earlier rival bid. Swiss insurer Helvetia HELN.S has agreed to buy up to 70% of Spanish insurer Caser for 780 million euros ($865 million) from Spanish banks and from French insurer Covea as it seeks to expand beyond Switzerland, it said. Polish carrier LOT is acquiring Thomas Cook's German airline Condor, creating a leading aviation group in Europe carrying more than 20 million passengers a year, the companies said on Friday. Japanese road paving company Maeda Road Construction 1883.T said it would oppose a tender offer by its top shareholder Maeda Corp 1824.T , turning the proposal into a hostile bid. China-based internet company Sohu.com Ltd SOHU.O said it would take its majority-owned subsidiary Changyou.com CYOU.O private in an all-cash deal that values the company at about $579 million. Siemens SIEGn.DE is buying Indian electrical equipment maker C&S Electric in a 267 million euro ($296.21 million) deal, the German industrial group said. France's Amethis is close to concluding the purchase of a stake in Kenyan general retailer Naivas, the investment fund told Reuters, entering a sector where the collapse of one of the major players in recent years has left a gap. Polish gas company PGNiG PGN.WA is open to consolidation with other energy companies, its newly appointed chief executive said on Friday, as the government tries to merge state-run firms to strengthen their market position.

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