May 14, 2020 / 10:02 AM / 13 days ago

Deals of the day-Mergers and acquisitions

(Adds Equinor, Macquarie, Ashmore Group, Manulife, CVC Capital Partners, Rosneft, Goldman Sachs, Prudential, BT Group)

May 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), holds a 0.3% stake in oil and gas firm Equinor, the Norwegian firm’s public records showed ahead of Thursday’s annual general meeting of shareholders.

** Australia’s Macquarie Group has not expressed interest in BT’s Openreach unit and is not in talks with BT’s management, a source close to the investment firm told Reuters.

** Ashmore Group has shown interest in a contract to operate troubled NMC Health’s chain of hospitals in the United Arab Emirates (UAE), two sources close to the matter told Reuters.

** Manulife Financial Corp would be “very happy” to increase its stake in its Chinese joint venture with Sinochem , the chief financial officer of Canada’s biggest life insurer said.

** CVC Capital Partners has entered into exclusive talks with Serie A to invest up to 2.2 billion euros ($2.37 billion) into Italy’s top-flight soccer league’s broadcasting rights business, sources familiar with the matter said.

** A private Russian security firm linked to Kremlin-controlled oil giant Rosneft has become the controlling shareholder in a Venezuelan-focused oil consortium that Rosneft left, a state registry and database showed.

** Goldman Sachs Group Inc plans to buy a boutique wealth management custodian and technology company called Folio Financial Inc for an undisclosed amount of money, according to a letter that Folio sent to its customers and was viewed by Reuters.

** Shares in Prudential fell as the coronavirus pandemic hit its Asia sales and it warned of challenging times ahead, while sources told Reuters the insurer’s U.S. unit was for sale.

** Thyssenkrupp and Germany’s largest union IG Metall called for further consolidation of the country’s warship sector, saying a tie-up of rivals Luerssen and German Naval Yards (GNYK) did not go far enough.

** Deutsche Bank is weighing the sale of its German online bank Norisbank, a person with knowledge of the matter said.

** Eramet has agreed to sell its TiZir plant in Norway to Tronox Holdings for around $300 million, the French mining and metals company said.

** Jamaica-based mobile phone carrier Digicel Group denied an Australian newspaper report and said there is “no basis whatsoever” that it would sell its Pacific unit to state-owned China Mobile Ltd.

** Private equity investor Permira lowered its stake in German software company TeamViewer by selling shares to institutional investors at 41 euros apiece, it said late on Wednesday, giving it proceeds of 1.03 billion euros ($1.1 billion). (Compiled by Trisha Roy and Praveen Paramasivam in Bengaluru)

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