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Deals of the day- Mergers and acquisitions

Published 22/08/2015, 06:03 am
© Reuters.  Deals of the day- Mergers and acquisitions
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(Adds Studialis)

Aug 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Private equity firms have formed three separate teams to bid for Tesco 's TSCO.L South Korean business valued at about $6 billion, four people with knowledge of the matter said on Friday, in what is tipped as Asia's biggest ever private equity deal. ID:nL3N10W3OG

** Novartis NOVN.VX has agreed to buy all remaining rights to Ofatumumab from Britain's GlaxoSmithKline GSK.L for up to $1 billion, boosting the Swiss drugmaker's stable of multiple sclerosis (MS) treatments. ID:nL5N10W0GN

** British investment fund Bregal Capital has agreed to sell French higher-education group Studialis to American private equity firm Providence Equity, a source close to the matter told Reuters on Friday. ID:nL5N10W36B

** The European Commission cleared on Friday U.S. drugmaker Perrigo's PRGO.N acquisition of certain assets from Britain's GSK GSK.L . ID:nL5N10W1M8

** Steiner Leisure Ltd STNR.O , an operator of spas on cruise ships and in hotels, will be taken private by private equity firm Catterton Partners for about $843 million. ID:nL3N10W46D

** Debt-laden state fund 1Malaysia Development Bhd (1MDB) TERRN.UL said it was confident a deal on the sale of its power assets, which have been valued by sources at around $2.40 billion, could be sealed by the fourth quarter of this year. ID:nL3N10W2PY

** India will sell a 10 percent stake in state-run oil marketing company Indian Oil Corp Ltd IOC.NS on Monday through an auction on the stock exchanges, two television channels reported Friday, citing an unnamed government official. ID:nI8N10B00E

** Taiwan's Advanced Semiconductor Engineering Inc (ASE) 2311.TW on Friday said it would buy up to 25 percent of Siliconware Precision Industries Co Ltd (SPIL) 2325.TW SPIL.O for an amount likely exceeding T$30 billion ($918.98 million). ID:nL3N10W3A6

** The world's largest oil trader Vitol VITOLV.UL has bought the other half of storage firm VTTI VTTI.N for $830 million, taking full control of tanks that contributed to its stellar profits amid oil price volatility. ID:nL3N10W4SI

** Australia's Santos Ltd STO.AX put its assets on the block after being approached by unnamed parties and moved to replace its chief executive, just as its flagship $18.5 billion Gladstone liquefied natural gas project is set to start up. ID:nL3N10V67E

** E.ON EONGn.DE Chief Executive Johannes Teyssen is determined to go through with a spin-off of the utility's ailing power plants and could take legal action over planned legislation that threatens to strip the move of its financial logic. ID:nL5N10W18K

** Australia and New Zealand Banking Group ANZ.AX will launch the sale process next week for its 39 percent stake in Bank Pan Indonesia Tbk (Panin) PNBN.JK , worth about $720 million, people familiar with the matter told Reuters. ID:nL3N10W1ZX

** Indonesia's Sinar Mas Group has acquired 9.9 per cent of Saxo Bank for 951 million Danish crowns ($143.73 million), valuing the investment bank at 9.6 billion crowns, the Danish firm said on Friday.

** Italian power utility Enel ENEI.MI will sell up to a half of its 66 percent stake in Slovakia's Slovenske Elektrarne in the first leg of the sale process, Slovakia's business weekly Trend said on Friday. ID:nL5N10W0MJ

($1 = 6.6165 Danish crowns)

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