November 12, 2019 / 10:37 AM / a month ago

Deals of the day-Mergers and acquisitions

Nov 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** BRF SA, the world’s largest chicken exporter, said it would consider acquisitions in Turkey as part of a strategy to increase production there and remain a leading food supplier in the halal world.

** Italy’s top commercial broadcaster Mediaset could lift its stake in German peer ProSiebenSat.1, a source with knowledge of the matter said but the group’s chief financial officer ruled out a full takeover.

** Thyssenkrupp has received bids from at least three major bidding groups for a majority stake in Thyssenkrupp’s elevator business, four people familiar with the matter said.

** Eurobank’s board concluded that competing offers by U.S. funds group PIMCO and Italian bad loan specialist doValue for the Greek bank’s loan-recovery unit FPS were both satisfactory, banking sources told Reuters.

** Mediobanca defied calls from its new top shareholder for the bank to return to its investment banking roots by outlining plans to expand its wealth management and consumer credit businesses.

** Energy exchange EEX Group said it had agreed with U.S.-based Nasdaq Futures (NFX) to buy NFX’s futures and options exchange business as it continued to expand its presence in U.S. energy markets and in sea-borne commodities.

** South Korean builder Hyundai Development Co said its consortium has been picked as the preferred bidder for a controlling stake in Asiana Airlines and would inject over $1.7 billion into the debt-ridden carrier.

** Insurer FWD Group has agreed to acquire a unit of Vietcombank, Vietnam’s largest listed lender by market value, and forge an exclusive 15-year bancassurance tie-up with the bank, in a deal that one source said is valued at about $400 million.

** Visa Inc plans to acquire a “significant minority” stake in payments platform Interswitch, the Nigeria-based company said.

** Dutch investor Reggeborgh said it wanted to buy all shares in building company VolkerWessels it does not already own, in a bid with a total value of 630 million euros ($694.3 million).

** Osram urged shareholders to back a $5 billion takeover bid from Austria’s AMS and said it would cut costs and not pay a dividend as it posted a loss for the fiscal year ending in September, hit by a downturn in the auto industry.

** Alphabet Inc’s Google has signed its biggest cloud computing customer in healthcare to date, in a deal giving it access to datasets that could help it tune potentially lucrative artificial intelligence (AI) tools.

** Taiwanese electronic components company Yageo Corp plans to acquire U.S. rival Kemet Corp in a $1.8 billion deal aimed at expanding its global footprint, the two companies said.

** Brewer Anheuser-Busch Inbev NV will buy the rest of Craft Brew Alliance that it does not own in a deal valuing the Portland-based brewing company at about $321 million, the two companies said on Monday. (Compiled by Ambhini Aishwarya 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