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Deals of the day-Mergers and acquisitions

Published 2018-09-07, 04:00 p/m
Updated 2018-09-07, 04:00 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Siemens , Playtech, Assicurazioni Generali, Enel , Barnes & Noble (NYSE:BKS), Kraft Heinz; updates BTG)

Sept 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Kraft Heinz Co KHC.O is feeling the pinch from trade conflicts and rising costs, but is still willing to consider an acquisition to fuel growth, its chief executive officer said. Barnes & Noble Inc BKS.N investor Richard Schottenfeld disclosed a higher stake in the bookseller and said he had discussed with its founder a possible sale of the company. Italy's biggest utility Enel ENEI.MI is talking to a single buyer for its Russian power plant Reftinskaya and expects to wrap up the deal by the end of the year, the chief executive said. Assicurazioni Generali GASI.MI could buy more boutique asset managers after entering exclusive talks to take on the majority of France's Sycomore, the chief executive of Italy's biggest insurer said. Gambling software company Playtech PTEC.L should sell off its financial services businesses and focus on gaming, shareholder SpringOwl Asset Management's founder Jason Ader said. The European Commission has set a deadline of Jan. 28 to decide whether to approve the planned rail merger of Siemens SIEGn.DE and Alstom ALSO.PA . Norwegian oil company Okea plans an initial public offering in Oslo as part of its deal to buy some assets from Shell (LON:RDSa) RDSa.AS in Norway positioning it for more mergers and acquisitions, its chief executive officer said. Austrian oil and gas group OMV AG OMVV.VI plans to expand its exploration business with an acquisition in Southeast Asia by the end of 2018, in line with its strategy to grow in low-cost markets outside Europe, its upstream chief told Reuters. UK-focused oil company EnQuest ENQ.L is offering new discounted shares to buy out the Magnus oilfield and has borrowed money against 15 percent of its Kraken field as it seeks to reduce its debt pile of almost $2 billion. British healthcare company BTG Plc BTG.L has acquired Irish medical device maker Novate Medical, adding to its portfolio a vascular device for managing blood clots. State-controlled Banco do Brasil SA BBAS3.SA said in a securities filing on Thursday that it has raised its stake in Argentina's Banco Patagonia SA BPAT.BA to 80.39 percent from 58.97 percent. A Brazilian judge ruled that President Michel Temer must convene a council of military representatives and politicians to analyze planemaker Embraer SA's EMBR3.SA deal with Boeing (NYSE:BA) Co BA.N , Valor Economico newspaper said on its website on Thursday. Canada's Lundin Mining Corp LUN.TO said on Thursday it does not plan to revise its hostile bid for fellow base-metal miner Nevsun Resources Ltd NSU.TO after it was trumped by a C$1.86 billion ($1.42 billion) offer from China's Zijin Mining Group Co Ltd 601899.SS . Russia's state-controlled telecoms operator Rostelecom RTKM.MM and shareholders of the country's fourth-biggest mobile phone operator working under the Tele2 brand, are in talks about an increase of Rostelecom's stake in Tele2, Vedomosti reported citing sources.

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