July 11, 2018 / 10:34 AM / 8 months ago

Deals of the day-Mergers and acquisitions

(Adds Slovakia, Apollo Global Management, General Electric, SoftBank and Pfizer)

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

** U.S. hedge fund Tiger Global has acquired a stake of more than $1 billion in Japan’s SoftBank Group, a stock it considers “meaningfully undervalued”, the Financial Times reported, citing a letter Tiger circulated to investors.

** Bangladesh announced two major energy deals, with a total $5.8 billion investment, two involving U.S. firm General Electric.

** Pfizer Inc announced plans to reorganize into three units, separating its consumer healthcare business that the U.S. drugmaker has been trying to sell since last year.

** Buyout firm Apollo Global Management LLC has approached Nexstar Media Group Inc, an operator of television stations that reach nearly 40 percent of U.S. households, to express interest in acquiring it, according to people familiar with the matter.

** Slovakia has agreed a $1.9 billion deal to buy 14 U.S.-made F-16 fighter jets to replace its ageing Russian-made MiG-29s, its defence ministry said.

** Rupert Murdoch’s 21st Century Fox has raised its offer for Britain’s Sky in an agreed deal valuing the pay-TV group at $32.5 billion, seeing off rival bidder Comcast for now.

** Juneyao Airlines and its parent are investing $1.9 billion for a stake of around 5 percent in state-owned China Eastern Airlines, saying the investment is in line with Chinese policy and will boost Juneyao’s brand abroad.

** Property manager Scentre Group said it bought a 50 percent stake in a Sydney shopping centre for A$720 million ($533.23 million).

** Britain’s insurer Aviva Plc said it had exited Spain with the completion of the sale of its stakes in joint ventures Cajamurcia Vida and Caja Granada Vida to Spanish state-owned lender Bankia SA for 203 million euros ($238 million).

** French state-controlled power group EDF said it was considering its options regarding Britain’s nuclear plants, adding that it wanted to keep a majority stake.

** Kazakhstan’s antitrust committee said it would allow Kazakhtelecom to buy a 75 percent stake in Kcell ,, the Central Asian nation’s biggest mobile operator.

** Engineering group Andritz said it agreed to take over 70 percent in Italian machine manufacturer Diatec S.R.L, bolstering its non-woven division.

** Thyssenkrupp’s supervisory board chairman lashed out at activist investors in an interview following the resignation of Chief Executive Heinrich Hiesinger last week, saying a breakup of the conglomerate was out of the question.

** Italian biggest utility Enel is pulling out of a race to buy Terra Firma’s solar power assets in Italy, leaving infrastructure fund F2i to bid alone, two sources close to the matter told Reuters.

** German postal services group Deutsche Post has hired Goldman Sachs to evaluate options for its electric van business StreetScooter as it seeks to expand the unit and tap an expected surge in demand, people close to the matter said.

** The owners of Ma’arif for Education & Training, the largest owner and operator of private schools in Saudi Arabia, are in talks about selling the business, two sources familiar with the discussions told Reuters.

** Israel’s government said it plans to sell its remaining 5.8 percent of Bank Leumi, the country’s second largest lender, within 12 months of approval from lawmakers.

** Serbia’s RTB Bor copper miner and smelter has drawn interest from 11 companies and the tender could take place this week or next, Belgrade daily Politika reported.

** Upmarket department store Galeries Lafayette said it will sell Boulanger household appliances and multimedia products in its stores, the latest alliance among brick-and-mortar retailers to compete with online giants like Amazon. (Compiled by Arunima Banerjee in Bengaluru)

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