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Deals of the day-Mergers and acquisitions

Published 2017-01-20, 03:29 p/m
© Reuters.  Deals of the day-Mergers and acquisitions
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(Adds Walgreens, Toshiba, Vivendi and Cadillac Fairview)

Jan 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Friday:

** The U.S. Federal Trade Commission is not satisfied with Walgreens Boots Alliance Inc's WBA.O plan to divest stores to win antitrust clearance for its acquisition of Rite Aid Corp RAD.N , Bloomberg reported, citing people familiar with the matter. Japan's Toshiba Corp 6502.T has begun preparations to sell a minority stake in its core chip business, people with knowledge of the matter said, as it urgently seeks funding to avoid being crippled by an upcoming multibillion-dollar writedown. French media group Vivendi VIV.PA could resume talks with Mediaset MS.MI but only if the Italian broadcaster drops legal action against it, several sources said on Friday. Fairfax Financial Holdings FFH.TO is in early talks to sell 25 percent of India's largest private general insurer ICICI Lombard in a deal that could fetch up to $1 billion, as the Canadian firm looks to cash out and start a new insurance joint venture, sources familiar with the matter said. Halyk Bank HSBK.KZ , HSBKq.L , Kazakhstan's No.2 lender by assets, is in talks with Kazkommertsbank KKGB.KZ , the country's No.1 bank, and Kazkommertsbank's majority shareholder, about a potential transaction, Halyk said. Heineken HEIN.AS , the world's second largest brewer, said it was in talks regarding a possible deal for the Brazilian operations of Japan's Kirin Holdings Co Ltd 2503.T . Japan's Canon Inc 7751.T is considering investing in Toshiba Corp's 6502.T chip business, Kyodo news agency reported. Real estate manager Cadillac Fairview said on Friday that it agreed to sell a 50 percent interest in its Vancouver portfolio to Ontario Pension Board and the Workplace Safety and Insurance Board. British insurer Aviva AV.L said it had joined up with investment management firm Hillhouse Capital and Chinese internet services giant Tencent Holdings 0700.HK to start a digital insurance focused company in Hong Kong. UniCredit's CRDI.MI Hungarian business is in the final stages of selling a distressed mortgage portfolio to Prague-based investor APS Holding in a deal worth tens of millions of euros, multiple financial sector sources said. China National Chemical Corp, or ChemChina, said it has sought the U.S. anti-trust regulator's approval for its planned $43 billion acquisition of Swiss crop protection and seed group Syngenta AG SYNN.S . Japanese financial services firm Orix Corp 8591.T has agreed to buy $290 million worth of shipping loans from Royal Bank of Scotland RBS.L , sources with direct knowledge of the deal told Reuters. China's COSCO Shipping Corporation and Hong Kong-listed shipping-to-property firm Orient Overseas International (OOIL) Ltd 0316.HK threw cold water on reports that the two were in talks over a deal for OOIL's subsidiary OOCL. Wells Fargo (NYSE:WFC) & Co WFC.N , the third-largest U.S. bank by assets, said on Thursday it would merge its international business with its wholesale banking unit that serves corporate clients. India-based car parts maker and engineering group Motherson Sumi Systems Ltd MOSS.NS has agreed to buy Finnish truck wire maker PKC Group PKC1V.HE for 571 million euros ($609 million), PKC said on Thursday. Swedish telecom operator Telia TELIA.ST is considering a bid for Denmark's TDC TDC.CO , which is itself exploring a takeover of Swedish cable TV firm Com Hem, Dagens Industri (DI) reported, citing unnamed sources. Viacom Inc's VIAB.O Paramount Pictures will receive a $1 billion cash investment from two Chinese film companies, Shanghai Film Group (SFG) and Huahua Media, giving the U.S. studio much-needed cash and support as it attempts to grow.

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