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Mergers News

Deals of the day-Mergers and acquisitions

(Adds Cellnex, MTN)

Jan 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:

** Cellnex Telecom SA said it has agreed to buy Portuguese telecommunication tower operator OMTEL for around 800 million euros ($894.24 million) from Altice Europe NV and funds controlled by Morgan Stanley Infrastructure Partners.

** MTN Group has agreed to sell its towers businesses in Ghana and Uganda as Africa’s biggest mobile phone operator refocuses on high-growth markets on the continent and in the Middle East.

** Austrian sensor maker AMS said it had secured a 59.9% stake in German lighting group Osram, reaching a 55% minimum threshold but falling short of a 75% hurdle needed to tap Osram’s profits.

** Greece, Cyprus and Israel are expected to sign a deal to build a 1,900 kilometre (1,180 mile) subsea pipeline to carry natural gas from the eastern Mediterranean’s rapidly developing gas industry to Europe. (Compiled by Arunima Kumar and Nivedita Balu in Bengaluru)

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