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Deals of the day-Mergers and acquisitions

Published 2016-12-06, 06:01 a/m
© Reuters.  Deals of the day-Mergers and acquisitions
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Dec 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Tuesday:

** British company Drax Group Plc DRX.L said it plans to buy energy supplier Opus Energy Group Ltd for 340 million pounds ($434 million) and will also purchase four gas power plant projects as it seeks to diversify across energy markets. ABN Amro ABNd.AS said it had agreed to sell its private banking operations in Asia and the Middle East, with $20 billion (18.5 billion euros) in assets under management, to LGT, a business run by the Princely Family of Liechtenstein. Chinese telecoms equipment group ZTE Corp 000063.SZ 0763.HK said it will buy 48.04 percent of Turkish systems integration provider Netas Telekomunikasyon A.S. NETAS.IS for $101.3 million to help it expand in Turkey. British tourism company Thomas Cook Group Plc TCG.L said it would pay 55.8 million pounds ($71 million)to take full control of a jointly owned network of 764 travel shops in Britain which it had run with partner The Co-operative Group. Debt purchaser and manager Arrow Global Group Plc ARWA.L said it would enter the Italian market by buying financial services business Zenith Service SpA for an enterprise value of 17 million euros ($18.28 million). McDonald's Corp (NYSE:MCD) MCD.N is looking to raise $1 billion to $2 billion with the sale of its China and Hong Kong stores after the U.S. fast-food chain decided to keep "a significant minority stake in the business," a person with direct knowledge of the plans said on Tuesday. Industrial Alliance Insurance and Financial Services Inc IAG.TO said it would acquire financial network HollisWealth from ScotiaBank BNS.TO . Hungary's state-owned power holding ENKSZ has agreed to acquire regional power supplier EDF Demasz from France's EDF International EDF.PA , state news agency MTI reported on Tuesday. German roof tile maker Braas Monier Building Group SA BMSA.DE has suffered a setback in its bid to fend off a hostile takeover by U.S. group Standard Industries GAFCO.UL after a court approved a temporary injunction against its plans to raise capital. A Brazilian federal court issued an injunction to block the sale of the fuels distribution unit of state oil company Petroleo Brasileiro SA (Petrobras) PETR4.SA after a request by workers, according to the court's press office. ($1 = 0.78 pounds)

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