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Deals of the day-Mergers and acquisitions

Published 21/12/2017, 01:42 am
Updated 21/12/2017, 01:50 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Harrods Bank, Campari , Knight Vinke, Uniper, Bharat Petroleum , GAIL, Asahi Group, Tsingtao Brewery Co)

Dec 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Wednesday:

** Britain's banking regulator has approved Tandem's takeover of Harrods Bank, the app-based financial services provider said, providing the license and capital it needs to become a full-blown bank nine months after it lost both. Italy's Campari CPRI.MI signed an agreement to buy cognac brand Bisquit from South Africa's Distell group DSTJ.J in a move aimed at further broadening its premium spirit portfolio. Hedge fund firm Knight Vinke has increased its holding in Germany's Uniper UN01.DE to 5.02 percent, adding it would not tender that stake to Finland's Fortum FORTUM.HE as part of a 8.05 billion euro ($9.5 billion) takeover offer. State refiner Bharat Petroleum Corp BPCL.NS has written to the oil ministry for integration with GAIL (India) Ltd GAIL.NS and Oil India Ltd OILI.NS as option 1 and 2, said oil minister Dharmendra Pradhan. Japanese brewer Asahi Group Holdings 2502.T said it would sell its entire 19.9 percent stake in China's Tsingtao Brewery Co 600600.SS 0168.HK , partly to China's Fosun and partly to Tsingtao itself, for a total of 106 billion yen ($937 million). Tesco TSCO.L , Britain's largest retailer, tightened its hold on the nation's food market when the competition regulator gave final approval for its 3.7 billion pound ($4.95 billion) takeover of wholesaler Booker BOK.L . Westpac Banking Corp WBC.AX said its unit, Hastings Management Pty, will sell its international businesses managed out of the United Kingdom and United States to London-based asset manager Northill Capital. Czech downstream oil group Unipetrol 's UNPE.PR largest minority shareholder Paulinino Ltd will sell its stake to majority owner PKN Orlen PKN.WA when it opens a voluntary tender offer next week, Paulinino said. Ardent Leisure AAD.AX said it would sell its bowling and entertainment arm to a holding company partially owned by Quadrant Private Equity for A$160 million ($123 million) on a debt and cash-free basis. French telecoms company Iliad ILD.PA and its founder Xavier Niel have agreed to buy a majority stake in eir, Ireland's largest telecoms provider said. The wealth management unit of India's Edelweiss Group has acquired the securities business of domestic financial firm Religare Enterprises Ltd RELG.NS for an undisclosed sum, the two companies said in a statement. Turkish clothing retailer Boyner Perakende BOYP.IS said its wholly owned subsidiary Beymen Magazacilik would hold an initial public offering (IPO) for up to 49 percent of the company.

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