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Deals of the day- Mergers and acquisitions

Published 2015-10-01, 04:00 p/m
Updated 2015-10-01, 04:00 p/m
© Reuters.  Deals of the day- Mergers and acquisitions

© Reuters. Deals of the day- Mergers and acquisitions

(Adds Veneto Banca, Orange, Sovereign wealth funds, Unilever ,
National Bank of Greece, Kloeckner , Hunkemoller, Aeroflot,
Walmart (NYSE:WMT) Chile, Anbang Insurance; updates PBF Energy, Mubadala GE
Capital, Teva)
Oct 1 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Thursday:

** Walmart Chile SA WMC.SN is looking to sell its chain of
shopping centers to concentrate on its larger supermarket
operations in the South American nation, the Chilean affiliate
of U.S. retail giant Wal Mart Stores Inc WMT.N said.
ID:nL1N1211R9

** National Bank of Greece NBGr.AT declined comment on a
Financial Times report that it had received a bid from Qatar
National Bank QNBK.QA for its Turkish subsidiary that values
Finansbank FINBN.IS at about 3 billion euros ($3.36 billion).
ID:nL5N1213X6

** Teva Pharmaceutical Industries (NYSE:TEVA) TEVA.TA has struck a
deal to buy Mexican drugmaker Representaciones e Investigaciones
Médicas SA (Rimsa) for $2.3 billion to strengthen its presence
in Latin America. ID:nL5N1212O2

** JPMorgan Chase & Co (NYSE:JPM) JPM.N plans to bid for about 12
billion pounds ($18.2 billion) of mortgages being sold by the
British government's "bad bank", Bloomberg reported.
ID:nL3N1213W2

** Philippine instant noodles maker Monde Nissin Corp is
buying British meat substitute company Quorn Foods for 550
million pounds ($831 million) to capitalize on rising demand for
health foods, in what will be the third largest overseas
purchase by a firm in the Southeast nation. ID:nL5N1204C7

** Canada's Penn West Petroleum Ltd PWT.TO PWE.N said it
would sell its non-operated 9.5 percent stake in Weyburn unit, a
conventional oilfield in Southeast Saskatchewan, for C$205
million ($154 million). ID:nL3N1213EF

** PBF Energy Inc PBF.N agreed to buy Exxon Mobil (NYSE:XOM) Corp's
XOM.N refinery in Torrance, California, for $537.5 million,
completing Executive Chairman Tom O'Malley's vision to have PBF
plants coast to coast. The company CEO Tom Nimbly said on
Thursday the company expects to spend $145 million to $155
million on average annually on capital projects over the next
few years at its newly-acquired refinery in Torrance,
California. ID:nL3N1205WW ID:nL1N1210W0

** Unilever ULVR.L has agreed to buy Italian high-end ice
cream maker GROM, the consumer product giant said on Thursday,
adding the acquisition would strengthen its ice cream portfolio
with a premium brand. ID:nI6N11T00K

** Anbang Insurance Group Co is in the lead to acquire
annuities and life insurance company Fidelity & Guaranty Life
FGL.N, according to people familiar with the matter, as more
Chinese insurers seek to expand into the United States.
ID:nL1N12126F

** SNC-Lavalin SNC.TO said it had exercised its option to
sell its 5 percent stake and the balance of its loans in the
Ambatovy Nickel project in Madagascar to Japan's Sumitomo Corp
8053.T for about C$600 million ($451 million) in cash.
ID:nL1N1203FV

** Mubadala GE Capital, a joint venture between Abu Dhabi
state fund Mubadala and General Electric's GE.N finance
business, said it had agreed to sell most of its assets
including those held through subsidiaries. Mubadala GE Capital
said it had entered "a sale and purchase agreement" with finance
firm Midcap Finco, which is managed by a subsidiary of private
equity firm Apollo Global Management APO.N . ID:nL5N12142W

** Sovereign wealth funds spent a total of $24.9 billion on
overseas acquisitions during the third quarter of 2015, almost
double the previous quarter as they chased after trophy assets.
ID:nL5N1211EV

** European telecommunications company Altice ATCA.AS
moved ahead with the debt-heavy financing for its takeover of
U.S.-based Cablevision (NYSE:CVC) CVC.N . ID:nL5N1210OR

** Canada's Bombardier Inc BBDb.TO is exploring the sale
of a stake in any of its business areas, not just its rail unit,
to ensure it can finish development of its delayed CSeries jet,
according to four sources familiar with the situation.
ID:nL1N12026R

** News Corp NWSA.O said it sold its digital education
brand, Amplify, to a management team supported by a group of
private investors following slowing growth in the digital
curriculum market. ID:nL3N12065O

** France's Orange SA ORAN.PA is in the final round of
talks to sell its 70 percent stake in its Kenya business, the
country's finance minister said on Thursday, without naming the
buyer. ID:nL5N12136C

** German steel distributor Kloeckner & Co KCOGn.DE said
on Thursday it had acquired U.S. firm American Fabricators as
part of its strategy to expand its services and to raise market
potential in the United States. ID:nL5N12148Y

** Suitors for Dutch lingerie maker Hunkemoller have been
invited to submit another round of offers for the roughly 500
million euro ($560 million) company as the sale process enters
the final phase, two sources familiar with the matter said on
Thursday. ID:nL5N1213S9

** Russian state airline Aeroflot AFLT.MM said on Thursday
it would not proceed with the acquisition of struggling
competitor Transaero TAER.MM after its rival's shareholders
failed to present an offer for the purchase of a 75 percent
stake before the deadline. ID:nL5N121491

** East African Breweries Ltd (EABL) EABL.NR said it had
concluded the sale of one its subsidiaries, Central Glass
Industries, to South Africa's Consol Glass Africa Proprietary.
ID:nL5N12110Z

** Polish power company Tauron TPE.WA and its partners
said they wanted to continue talks to buy assets owned by the
troubled Brzeszcze coal mine even though the seller said
negotiations had halted. ID:nL5N121119

** A special purpose vehicle led by Poland's No.2 power
producer, Tauron TPE.WA , and state-owned coal mine
restructuring company SRK, suspended talks on the takeover of
assets owned by the troubled Brzeszcze coal mine, SRK said.
ID:nL5N1210BL

** Barrick Gold Corp ABX.TO has not had talks over a sale
of its 50 percent stake in Australia's Super Pit gold mine to
its partner Newmont Mining Corp (NYSE:NEM) NEM.N , Barrick adviser and
ex-president Jim Gowans said. ID:nS9N0YP009

** U.S. private equity firm KKR & Co LP KKR.N said it had
bought a 10 percent stake in Australian copper miner Oz Minerals
Ltd OZL.AX for an undisclosed sum. ID:nS9N0YP00A

** Mid-sized Italian bank Veneto Banca said on Thursday it
would look for another buyer for its private banking unit after
the European Central Bank blocked a sale to a group of Italian
investors. ID:nL5N12138O

** Russia's Eurasia Drilling Co EDCLq.L said that a deal
with U.S.-based Schlumberger SLB.N to sell a minority stake in
the company is off. ID:nWNAB08HJE

($1 = 0.66 pounds)
($1 = C$1.33)
($1 = 0.8929 euros)

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