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Deals of the day-Mergers and acquisitions

Published 30/11/2017, 09:59 pm
© Reuters.  Deals of the day-Mergers and acquisitions

Nov 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday:

** Private equity investor Terra Firma is gearing up to launch a $1.2 billion sale of its Italian solar-power assets, a deal that could pave the way for more consolidation in European solar energy, sources said. Some early Flipkart IPO-FLPK.N investors, employees and ex-employees are selling their shares in the Indian e-commerce firm as part of a $2.5 billion investment deal agreed with Japan's SoftBank Group 9984.T , two people familiar with the matter said. Credit Suisse CSGN.S said activist investor RBR had reduced its holdings in Switzerland's second-biggest bank from the 0.2 percent RBR had announced in October. French technology consultancy company Altran Technologies ALTT.PA is to buy U.S. design and engineering services firm Aricent from a group of investors led by KKR KKR.N for a total enterprise value of 1.7 billion euros ($2.0 billion). South Korean shipper Pan Ocean 028670.KS said that it had won a 1.98 trillion won ($1.82 billion) contract to transport iron ore over a period of 27 years for Brazilian mining giant Vale VALE.N , VALE5.SA . Hong Kong-based Bank of East Asia Ltd 0023.HK said it would sell certain consumer finance businesses in China and Hong Kong to a money-lending arm of China Financial Services Holdings Ltd 0605.HK for an aggregate HK$1.08 billion ($138.30 million). Australian oil and gas producer AWE Ltd AWE.AX said it had received a takeover offer worth A$430 million ($325 million) from state-owned China Energy Reserve and Chemicals Group (CERCG) on Thursday. Gaming machine maker Aristocrat Leisure Ltd ALL.AX said it will acquire gaming company Big Fish Games, a unit of Churchill Downs CHDN.O , for $990 million in cash to increase its social gaming footprint. AT&T (NYSE:T) Inc's T.N proposed seven-year ban on programming blackouts to distributors of some Time Warner Inc (NYSE:TWX) TWX.N content shows that the company is willing to offer concessions to close its $85.4 billion bid for the programmer, AT&T's chief executive officer said. Finnish network equipment maker Nokia NOKIA.HE said it was not in talks to buy U.S. network gear maker Juniper Networks Inc (NYSE:JNPR) JNPR.N despite earlier reports to the contrary. Casino operator Caesars Entertainment Corp CZR.O said it would sell the real estate assets of the Harrah's Las Vegas hotel to VICI Properties VICI.PK for $1.14 billion in cash.

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