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Oil and Gas

Deals of the day-Mergers and acquisitions

(Adds Lundin Mining, Metro AG, Teck Resources, Aspen Pharmacare; updates Singapore Technologies Engineering)

Sept 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Canada’s Lundin Mining Corp is on the hunt for copper mines and projects and willing to spend up to $3 billion on mergers and acquisitions, its incoming chief executive officer said in an interview.

** German retailer Metro AG has decided to sell its struggling Real hypermarkets to focus on its wholesale business, the company said.

** Mining companies and commodities trading houses are expected to table first-round offers by a September 28 deadline for a stake in Teck Resources Ltd’s Quebrada Blanca copper mine expansion in northern Chile, two sources with knowledge of the matter said.

** Hanover Insurance Group Inc decided to sell its unit that underwrites risks at insurance market Lloyd’s to China Reinsurance Group Corp for $950 million to focus on expanding its domestic business.

** Aspen Pharmacare has agreed to sell its infant formula business to Lactalis for 12.9 billion rand ($865 million) to focus on core activities while the French buyer looks to revive its baby milk expansion after a health scandal.

** South Africa’s Competition Tribunal conditionally approved Glencore’s proposed $973 million acquisition of Chevron Corp’s subsidiary in the country, all but scuppering a rival bid from China’s Sinopec.

** Mexico’s biggest retailer Walmart de Mexico said that its parent company Walmart Inc reached a deal to buy Latin American food delivery service Cornershop Inc for $225 million.

** British engineering firm Smiths Group Plc said talks with U.S.-based ICU Medical Inc over a possible 7 billion pound ($9.2 billion) merger of their healthcare businesses had fallen through.

** Singapore Technologies Engineering Ltd said it had agreed to purchase aircraft part manufacturer MRA Systems from General Electric Co for $630 million.

** Nordea and DNB have agreed to sell a 60 percent stake in Baltic bank Luminor to a Blackstone-led private equity consortium for 1 billion euros ($1.16 billion), the two Nordic banks said.

** Adobe Systems Inc, the maker of image-editing software Photoshop, is in negotiations to buy Marketo Inc, a privately-held cloud-based marketing software company, according to people familiar with the matter.

** Hershey Co said it would buy Pirate Brands from B&G Foods Inc for $420 million in an all-cash deal, giving the chocolate maker rights to snack brands such as Pirate’s Booty, Smart Puffs and Original Tings.

** Hedge fund HG Vora Capital Management has built a 4.9 percent stake in U.S. casino operator Caesars Entertainment Corp , seeking to persuade it to explore options that could include divestitures or an outright sale, people familiar with the matter said. (Compiled by Bharath Manjesh in Bengaluru)

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