May 11, 2018 / 10:15 AM / 10 months ago

Deals of the day-Mergers and acquisitions

(Adds Petrofac, Louis Dreyfus Co, IWG, EDP)

May 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Silver Lake is buying Zoopla and PrimeLocation owner ZPG for 2.2 billion pounds ($3 billion), landing the Daily Mail publishing group a 642 million pound windfall for cashing out of online property portals.

** India’s Fortis Healthcare Ltd aims to accept an offer of investment from the underdog of a five-way bidding war, in a decision that drew investor ire.

** Swiss adhesives maker Sika has repelled a hostile takeover bid from Saint-Gobain in a $3.2 billion deal that gives the French company a minority stake but may make Sika a more attractive target for others.

** Louis Dreyfus Co said it had completed the sale of its metals business to a Chinese investment fund for $466 million, as part of a push to revive profits by focusing on its core agricultural markets.

** Lotte Shopping Co Ltd said that its unit sold one of its retail store operators to China’s Liqun Commercial Group for 291 billion won ($272.5 million).

** Abu Dhabi state investor Mubadala is struggling to sell its Swiss private bank, five sources told Reuters, as potential buyers are unwilling to pay up for a firm which is being investigated over alleged financial misconduct.

** Oilfield services provider Petrofac Ltd has hired investment banks Barclays and HSBC to help with the sale of its oil fields in Mexico, as it prepares to scale back its oil and gas production operations, several banking sources said.

** British serviced office provider IWG has attracted takeover approaches from three rival suitors, potentially plunging the $3.1 billion company into a bidding war.

** A London High Court trial over the legality of Russian billionaire Roman Abramovich’s sale of a stake in Norilsk Nickel will start on Monday, part of a long-running battle for control of the miner.

** Trading in the shares of utility company EDP-Energias de Portugal was suspended on Friday, as media reported that a Chinese group was set to make a takeover bid for the firm. (Compiled by Nivedita Balu and Mrinalini Krothapalli in Bengaluru)

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