January 30, 2019 / 11:02 AM / 20 days ago

Deals of the day-Mergers and acquisitions

(Adds WPP, SOCAR, Republic Metals Corporation; updates Nasdaq)

Jan 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

** Advertising group WPP has agreed to sell its minority stake in consulting firm Richard Attias & Associates (RAA) back to existing shareholders, a spokesperson for WPP told Reuters.

** Azeri energy firm SOCAR acquired the Turkish operations of Germany’s EWE and will be distributing natural gas to industrial cities of Kayseri and Bursa, SOCAR said in a statement.

** Two of the world’s largest precious metals refiners, Valcambi and Asahi, are separately bidding for the assets of their bankrupt Miami-based rival Republic Metals Corporation (RMC), two sources familiar with the matter said.

** German online classifieds company Scout24 AG has rejected an expression of interest for one of its businesses from a rival, people close to the matter said.

** Siemens wants to turn a gas turbines partnership with China’s State Power Investment Corporation (SPIC) into a formal contract, the German company’s Chief Executive Joe Kaeser said.

** State-owned Israel Aerospace Industries (IAI) said it forged $93 million worth of follow-up agreements with India to provide naval surface-to-air missile systems.

** South Korea’s Hyundai Heavy Industries Group, the world’s biggest shipbuilder, is interested in buying a stake in second-ranked rival Daewoo Shipbuilding & Marine Engineering , a Hyundai official told Reuters.

** Kosovo will offer its loss-making state-owned telecom company to private investors by the end of the year, the country’s economy minister said, its third attempt to sell a stake in the company in the past decade.

** Italian Prime Minister Giuseppe Conte dismissed press reports saying that the government was considering a possible merger between state-owned defence group Leonardo and shipbuilder Fincantieri.

** Moldova’s bid to sell Moldindconbank, the country’s second-largest bank, faces delay if it cannot be concluded before a Feb. 24 parliamentary election, Central Bank Governor Octavian Armasu told Reuters.

** Brazil’s state-run oil company Petroleo Brasileiro SA said on Wednesday that its negotiations with Chevron Corp to sell its Pasadena refinery are nearly done, and the deal will be discussed by its board.

** UniCredit Chief Executive Jean Pierre Mustier is looking at international mergers and acquisitions and is eying not only France but also England and Spain, a top shareholder said.

** Siemens is “unlikely” to make a renewed attempt to win European Union approval for its planned merger of rail businesses with Alstom’s should the current attempt fail, Siemens managing board member Roland Busch said.

** German lighting group Osram has bought Britain’s Ring Automotive to gain access to the consumer market for auto accessories.

** Indonesian oil and gas group Medco agreed to buy London-listed Ophir Energy for a sweetened cash bid of $511 million, as it looks to boost its Southeast Asia portfolio and gain access to international assets.

** London Stock Exchange said it would buy a minority stake in Euroclear, Europe’s biggest settlement house for securities, giving it a role in all parts of a transaction from trading to clearing and settlement.

** Bangladesh is seeking expressions of interest to build the country’s first onshore liquefied natural gas (LNG) import terminal, according to a company official and a document posted on the company’s website.

** Japanese city gas supplier Shizuoka Gas Co has signed a binding agreement with China’s Clean Energy to deliver liquefied natural gas (LNG) from its Shimizu terminal in western Japan, the company said.

** French IT services company Atos SE plans to give investors a special payout in the form of 23.4 percent of shares in its listed payments subsidiary Worldline SA, it said.

** BlackRock has cut its holding in Danske Bank , which is embroiled in a major money laundering scandal, Denmark’s biggest bank said in a statement.

** Nasdaq Inc made a rival bid for Oslo Bors VPS , setting up a takeover battle with Euronext for the 200-year-old Norwegian stock market operator.

** Video advertising company Taptica International Ltd said it was in advanced talks to take over rival RhythmOne Plc in an all-share deal.

** U.S. chipmaker Intel Corp has bid $5.5-$6 billion in cash and stock to buy Israel’s Mellanox Technologies , Israeli media reported.

** Thai retailer Central Group plans to acquire a stake in Southeast Asian ride-hailing startup Grab for $200 million, two sources with direct knowledge of the matter told Reuters.

** Japan’s ANA Holdings Inc said on Tuesday it would order at least 38 planes worth $4.33 billion from Boeing Co and Airbus, and buy a stake in Philippines Airlines’ parent PAL Holdings Inc to support its Asia growth strategy. (Compiled by Uday Sampath in Bengaluru)

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