April 23, 2019 / 11:00 AM / 9 months ago

Deals of the day-Mergers and acquisitions

(Adds ING Groep, Sainsbury, Dangote Flour Mills Plc; Updates UBS Group AG, CapeOmega)

April 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** ING Groep’s chief executive Ralph Hamers told shareholders that the Dutch bank would consider a cross-border takeover under some circumstances, Dutch daily Financieele Dagblad reported.

** Britain’s competition regulator said it expected to publish its final report on supermarket group Sainsbury’s proposed 7.3 billion pound ($9.4 billion) takeover of Walmart-owned rival Asda on Thursday.

** Commodity trader Olam International said it will buy Dangote Flour Mills Plc, as it looks to bolster its position in Nigeria’s wheat market.

** E-commerce giant Amazon and French retailer Casino are expanding their partnership, with Amazon installing pick-up lockers in Casino stores and making more of the French company’s products available on Amazon.

** The asset management arms of Deutsche Bank AG and Swiss bank UBS Group AG are in “serious” merger talks, the Financial Times reported, citing people familiar with the discussions.

** Shares and bonds in Thomas Cook Group Plc rallied after a media report said the British travel company was approached by several parties about a possible takeover of its tour operating unit or the entire business.

** China Three Gorges will not change the terms of its takeover bid for EDP-Energias de Portugal utility, the company said on Monday, meaning that if shareholders reject a voting rights reform at their meeting on Wednesday the $10 billion bid will be scuppered.

** Senior executives at T-Mobile US Inc and Sprint Corp made the case to U.S. officials in Washington last week that they should approve a planned tie-up between the two wireless companies, arguing a combined firm would have incentives to “aggressively lower prices.”

** British Land Company Plc said it and joint venture partner Sainsbury Plc sold 12 Superstores properties to U.S.-based Realty Income Corp for 429 million pound ($556.9 million).

** Swiss-based asset manager Partners Group has agreed to buy CapeOmega, a partner in Norwegian pipeline owner Gassled, from HitecVision for 1.2 billion euros ($1.35 billion), the companies said.

** BNP Paribas said it is in the process of seeking buyers for its stakes in its retail banks in Tunisia and Gabon as France’s largest bank exits some non-core assets.

** Private shareholders in Moscow’s Sheremetyevo airport may sell a 30 percent stake to raise money for a potential purchase of Russia’s 30.5 percent holding at a later date, the chairman of Sheremetyevo’s board Alexander Ponomarenko told Reuters. (Compiled by Manojna Maddipatla in Bengaluru)

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