June 19, 2018 / 11:39 AM / 3 months ago

Deals of the day-Mergers and acquisitions

(Adds Oetker Group, LINET Group)

June 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Germany’s family-owned Oetker Group has acquisition targets in its sights after selling the Hamburg Sued shipping line to Danish giant Maersk for 3.7 billion euros ($4.28 billion) last year, the company’s finance chief said.

** European hospital and nursing bed maker LINET Group is in talks with private equity firms interested in buying a stake in the company, sources with knowledge of the deal said.

** Videogame and electronics retailer GameStop Corp confirmed that it is in exploratory talks with third parties about a possible transaction.

** BHP, has agreed to sell Cerro Colorado copper mine to private equity fund EMR Capital, two sources close to the deal said.

** Private equity firm Veritas Capital will buy Cotiviti Holdings Inc in a deal valued at $4.9 billion, the U.S. healthcare analytics company said.

** The chief executive of doBank said Italy’s biggest debt servicing firm would take part in a bad loan sale by Italian lender Banco BPM.

** Norwegian Air Shuttle is reaching a size at which it can be profitable, its founder and CEO said, while reiterating that he will not block a sale of the budget carrier if other shareholders want out.

** Cheerleading uniform retailer Varsity Brands Inc said it will be bought by private equity firm Bain Capital.

** Swiss drugmaker Roche is paying $2.4 billion to buy the rest of Foundation Medicine, raising its bet on the U.S. genomic profiling group’s ability to personalize cancer care.

** UK-based packaging group DS Smith said it would look to raise around 1 billion pounds ($1.32 billion) via a rights issue to help fund its biggest-ever acquisition of Spanish rival Europac.

** German consumer electronics group Ceconomy said it expects to strike a deal shortly to sell its loss-making Russian business to Russia’s Safmar group, and take a 15 percent stake in Safmar’s M.video.

** Deutsche Bank is selling a $1 billion portfolio of legacy shipping loans to an entity owned by funds managed by Oak Hill Advisors and Varde Partners, it said.

** Australian iron ore miner Atlas Iron said it would give Mineral Resources three business days to match a buyout offer made from Hancock Prospecting.

** Insurance Australia Group (IAG) said it will sell its Thai and Indonesian operations to Japanese insurer Tokio Marine Holdings for A$525 million ($390 million).

** Shareholders in South Africa’s Murray & Roberts MURJ.J voted for the company to look into a potential tie up with construction rival Aveng AEGJ.J, sending Aveng’s shares around 25 percent higher.

** The Abu Dhabi Investment Authority (ADIA) said its private equity department would acquire a stake of up to 21.4 percent in Pension Insurance Corporation Group from funds advised by private equity firm J.C. Flowers & Co.

** A unit of Abu Dhabi Financial Group has made a conditional offer to buy private equity firm Abraaj’s investment management business for $50 million, according to a document reviewed by Reuters. (Compiled by Karan Nagarkatti and Vibhuti Sharma in Bengaluru)

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