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Deals of the day-Mergers and acquisitions

Published 23/11/2020, 10:05 pm
Updated 24/11/2020, 08:06 am
© Reuters.

(Adds Eneva SA , Massimo Zanetti Beverage, Embraer, JD Sports; updates Credit Agricole )

Nov 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

** Rio de Janeiro-based power company Eneva SA ENEV3.SA is close to announcing the purchase of a cluster of onshore oil and natural gas fields located in the Amazon (NASDAQ:AMZN) rainforest from state-controlled Petrobras, Brazilian newspaper O Globo reported. The top investor in Massimo Zanetti Beverage group MZB.MI said it would increase its takeover offer for the Italian coffee maker to 5.50 euros a share from an original offer of 5 euros. Brazil's Embraer EMBR3.SA is in active talks with potential partners to build a new regional turboprop and could opt for a combination of industrial and financial backing, the head of the planemaker's commercial division told Reuters. JD Sports JD.L is in exclusive talks with British department store chain Debenhams over a potential rescue takeover, The Times reported. Village Roadshow VRL.AX said private equity firm BGH Capital agreed to sweeten its takeover offer by nearly 30%, taking the deal value to A$585.9 million ($429.00 million), as it attempts to end a near year-long pursuit of the Australian theme parks operator. Top Australian cheesemaker Bega Cheese Ltd BGA.AX is planning to buy the local dairy arm of Japan's Kirin Holdings Co Ltd 2503.T , a person with knowledge of the situation told Reuters, potentially accelerating its transformation into a food giant. Private equity firm Elliott Capital Advisors said it made a non-binding proposal to Aryzta's ARYN.S board of directors on Nov. 18 to acquire all outstanding shares of the Swiss frozen baked goods maker, but Aryzta said discussions with the hedge fund had been concluded in October. RWE RWEG.DE has agreed to sell a 49% stake in British offshore wind farm Humber Gateway to UK renewables investor Greencoat for a cash consideration of 648 million pounds ($862.81 million), the German utility said. British insurers Aviva AV.L said it had agreed to sell its stake in Italian life insurer Aviva Vita to joint venture partner UBI Banca UBI.MI for 400 million euros ($474.92 million) in cash. British roadside recovery group AA AAAA.L said it had received a proposal from Towerbrook Capital Partners and Warburg Pincus International regarding a possible cash offer of 35 pence a share. Newly formed Lloyd's of London insurer Inigo said it had raised $800 million from a group of investors including Qatar Investment Authority and Canada's Caisse de dépôt et placement du Québec. France's Credit Agricole CAGR.PA offered to buy third-tier Italian lender Creval PCVI.MI for 737 million euros ($875 million), as a wave of consolidation sweeps Italy's banking sector. Greece's Alpha Bank said that it picked U.S. investment fund Davidson Kempner as its preferred bidder to buy a 10.8 billion euros ($12.81 billion) portfolio of non-performing loans in what will be Greece's largest-ever sale of bad debt. Italian home appliance maker De' Longhi DLG.MI said it had agreed to buy U.S. home appliances maker Capital Brands Holdings Inc from private equity firm Center Lane Partners for around $420 million. The European Commission said it had extended its deadline for its competition ruling on the London Stock Exchange 's LSE.L $27 billion takeover of data and analytics firm Refinitiv by four days to Jan. 21. Merck & Co Inc MRK.N has agreed to acquire drugmaker OncoImmune in a deal that will give it control of a drug that could help ease symptoms and reduce deaths in patients with severe or critical cases of COVID-19.

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