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Oil and Gas

Deals of the day-Mergers and acquisitions

(Adds Waterous Energy Fund, Telefonica SA, Emaar Properties and Allied Irish Banks and Greensill; update SACE, French Connection and Baker Hughes)

March 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2215 GMT on Tuesday:

** Private equity firm Waterous Energy Fund succeeded in its bid to take controlling interest in Osum Oil Sands days after the Canadian oil producer’s board ended its opposition to the deal.

** Dubai developer Emaar Properties said it was buying out minority shareholders of its shopping centre unit, less than a decade after floating shares in the company.

** Italy’s Treasury is set to acquire export agency SACE from the state lender Cassa Depositi e Prestiti (CDP), an operation that will add 4.25 billion euros ($5.11 billion) to the country’s public debt, two sources close to the matter told Reuters.

** British supply chain finance firm Greensill said it had entered a period of exclusivity with a “global financial institution” with a view to concluding a deal with them this week.

** Fashion retailer French Connection said that it was seeking new suitors as investment firms Spotlight Brands and Gordon Brothers had pulled out of preliminary talks to buy the struggling UK company.

** Allied Irish Banks bought back Goodbody Stockbrokers for 138 million euros ($166.2 million), more than five times the price it was forced to sell the financial services firm for a decade ago as part of a state bailout.

** Baker Hughes and Norway’s Akastor plan to merge their offshore oil drilling equipment units to combine their complementary technologies, with a view to listing the new company longer term, they said.

** The Brazilian unit of Spanish telecom Telefonica SA said that it had agreed with Canadian pension fund CDPQ to create a joint venture to develop a “neutral and independent” wholesale fiber optic network in Brazil.

** Brazil’s antitrust watchdog CADE approved the acquisition of ethanol producer Biosev SA by Raizen, a joint venture between Brazilian ethanol producer Cosan SA and Royal Dutch Shell PLC.

** Renishaw Plc said it was seeking a buyer as the British engineering firm mulls several options after its founders announced their plans to sell respective majority stakes in the company.

** U.S. e-commerce group eBay and Norway’s Adevinta plan to sell three smaller British units in order to secure regulatory approval for a long-planned tie-up of their global classified ads businesses, the two firms said.

** German remote connectivity software company TeamViewer said it had acquired Upskill, a U.S. company that specialises in augmented reality applications for front-line workers. (Compiled by Ayanti Bera and Chavi Mehta in Bengaluru)

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