May 5, 2020 / 10:00 AM / 25 days ago

Deals of the day-Mergers and acquisitions

(Adds Alexion Pharmaceuticals, Lufthansa, E.ON UK, Total)

May 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Swedish cloud computing services provider Sinch AB said it would acquire SAP Digital Interconnect, a unit of SAP SE, for 225 million euros ($245 million) in a deal that will boost its presence in the United States.

** Alexion Pharmaceuticals Inc agreed to buy Portola Pharmaceuticals Inc in a $1.41 billion deal, as it looks to exploit smaller rival’s blood-thinning antidote which has reached only a tiny portion of its target population.

** Lufthansa is not planning to buy rivals weakened by the coronavirus crisis, Chief Executive Carsten Spohr told shareholders at the company’s virtual annual general meeting.

** Utility E.ON UK said that it will combine npower Business Solutions (nBS) with its industrial and commercial supply activities in Britain.

** Energy major Total has been told by Occidental that it cannot acquire oil and gas assets in Algeria that were part of an $8.8 billion deal reached by the companies on Anadarko’s assets in Africa.

** E-commerce delivery firm Ninja Van said it raised $279 million in funding from investors including Facebook co-founder Eduardo Saverin’s B Capital and ride-hailing firm Grab as the COVID-19 pandemic has led more people to shop online. (Compiled by Nivedita Balu and Manojna Maddipatla in Bengaluru)

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