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Deals of the day-Mergers and acquisitions

Published 15/10/2020, 09:32 pm
Updated 16/10/2020, 07:18 am
© Reuters.

© Reuters.

(Adds Shell Canada, Hippocrates, Monte dei Paschi, Liberty Steel, Capita Plc, Nestle, BP , Clariant , Paystack and Anima Holdings; Updates Credit Agricole )

Oct 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Shell Canada RDSa.L has abandoned plans for the possible sale of its Sarnia Manufacturing Centre, it said, confirming an earlier media report. Italy's Hippocrates Holding has short listed four bidders for its network of Italian pharmacies, including private equity investors Eurazeo (PA:EURA) and PAI Partners, three sources close to the matter said. Italian Prime Minister Giuseppe Conte is expected to sign in the next few days long-awaited measures paving the way for a crucial bad loan clean-up at Monte dei Paschi (MPS) BMPS.MI and the sale of the bank, two government sources. Privately-held Liberty Steel is set to make a bid for the ailing steel unit of Germany's Thyssenkrupp TKAG.DE as soon as Friday, a source close to the process told Reuters. British outsourcing group Capita Plc CPI.L received lower-than-expected final offers for its Education Software Solutions unit, Bloomberg News reported on Thursday, citing people with knowledge of the matter. Italy's third-largest bank Banco BPM BAMI.MI has agreed to share confidential information with the local arm of Credit Agricole CAGR.PA to explore a potential tie-up, a source familiar with the matter said. Nestle NESN.S has kicked off the sale of its North American water brands including Pure Life and Poland Spring, according to four sources familiar with the matter, as the world's largest food group continues to exit slow-growth businesses. BP BP.L has raised £400 million ($517 million) from the sale of a stake in land leases of 199 British petrol stations to a UK pension fund. U.S. payments company Stripe has bought Nigerian fintech startup Paystack to expand into the fast-growing online market in Africa, the companies said. Clariant CLN.S is relaunching the sale of its pigments unit, after putting the auction on hold as the coronavirus pandemic engulfed the world and disrupted talks with prospective buyers, the Swiss speciality chemicals company said. Brazilian education company Anima Holdings SA ANIM3.SA said it has bid for Laureate Education Inc LAUR.O , according to a securities filing, competing with another Brazilian firm - Ser Educacional SEER3.SA - for the U.S.-based company. Italian cloud operator WIIT WIIT.MI is looking at possible further acquisitions in Germany after its purchase of Dusseldorf-based myLoc to expand in Europe's biggest market. Abu Dhabi's sovereign wealth fund Mubadala took a 3.1% stake in the Spain-based gas system operator Enagas ENAG.MC , according to a filing to the Madrid stock market regulator released. Swedish engineer Alfa Laval AB ALFA.ST said it will lower the acceptance level needed in its bid for Finnish valve maker Neles Oyj NELES.HE to over 50% of shares and votes from two-thirds, in a blow to top Neles holder Valmet Oyj VALMT.HE . Uniti Group Ltd UWL.AX hiked its takeover offer for OptiComm Ltd OPC.AX to A$694.2 million ($495 million), nearly 3% higher than pension fund Aware Super's bid, ratcheting up the battle for the fibre infrastructure provider. Brazilian lender Banco BTG Pactual SA BPAC11.SA is in talks to take over bankrupt ethanol producer Atvos through a capital injection, one source familiar with the matter said.

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