Reuters logo
Deals of the day-Mergers and acquisitions
September 6, 2017 / 10:04 AM / 18 days ago

Deals of the day-Mergers and acquisitions

(Adds Anbang Insurance Group, Prisa, Vodafone, Fortive, Reliance Industries)

Sept 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:

** Reliance Industries Ltd, oil-to-telecoms conglomerate, said it will buy assets of Kemrock Industries and Exports Ltd, in a move to enter the composites and carbon fibre manufacturing business.

** Fortive Corp said it would buy Landauer Inc , a provider of radiation safety and outsourced medical physics services, for about $770 million, including debt.

** Vodafone has sold down its stake in South African subsidiary Vodacom by 5.2 percentage points, it announced.

** Spanish media company Prisa said it was in talks over the possible sale its Santillana publishing group with U.S. private equity company Rhone Capital.

** China’s Anbang Insurance Group Co Ltd and HNA Group Co Ltd separately considered buying stakes in German insurer Allianz SE as part of plans to create a global financial empire, people with direct knowledge of the matter said.

** British PR agency Bell Pottinger said it had hired accountancy firm BDO to advise on a possible sale after it lost business for running a racially-charged campaign in South Africa, leaving its future increasingly uncertain.

** Toshiba Corp’s board, under pressure to clinch a deal for its prized memory chip unit soon, met to review a revised bid proposed by Western Digital Corp but no agreement was reached, people familiar with matter said.

** German aviation investor Hans Rudolf Woehrl expects to submit an offer for insolvent Air Berlin early next week, jointly with several partners, he told German television.

** Brazil state-controlled oil firm Petrobras said in a stock exchange filing on Tuesday that it will sell a 90-percent stake in its wholly owned subsidiary Transportadora Associada de Gas SA (TAG). (Compiled by Akankshita Mukhopadhyay in Bengaluru)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below