January 23, 2020 / 10:06 AM / a month ago

Deals of the day-Mergers and acquisitions

(Updates BayWa; adds DEPA, Takeaway)

Jan 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:

** Britain’s competition watchdog will probe Takeaway.com’s buyout of Just Eat, possibly delaying completion of the multi-billion dollar deal to create one of the world’s largest meal delivery companies.

** Greece launched the sale of a majority stake in state-controlled gas utility DEPA’s wholesale and retail business, its privatisation agency said.

** German agriculture group BayWa is in advanced talks with Credit Suisse over the sale of a minority stake in its renewables business for a potential value of 2 billion euros ($2.2 bln) including debt, two people familiar with the matter said.

** Global commodities trader Trafigura is in advanced talks to buy more than 10% of an Angolan general’s stake in its fuel retail arm Puma Energy by the end of the year, sources familiar with the matter said.

** Singapore Exchange Ltd is buying independent index provider Scientific Beta Pte Ltd for 186 million euros ($206.35 million) in its biggest acquisition, a move it said was aimed at scaling up its index business.

** U.S. private equity firm Bain Capital plans to buy Showa Aircraft Industry, a Japanese maker of transportation equipment from heavy industry firm Mitsui E&S Holdings for 69.4 billion yen ($633 million), it said.

** Japanese fleamarket app operator Mercari Inc is buying rival cashless payments business Origami for an undisclosed sum, continuing consolidation in the fast-growing sector.

** Australia’s CIMIC Group said it was planning to exit the Middle East with the sale of its stake in BIC Contracting (BICC) and expects to take a one-off charge of A$1.8 billion ($1.23 billion).

** Russia’s VTB plans to attract one or more investors for its grain business in February, the Interfax news agency reported, citing its first deputy chief executive.

Compiled by Nivedita Balu and Dania Nadeem in Bengaluru

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