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Deals of the day-Mergers and acquisitions

Published 2015-12-17, 04:00 p/m
Updated 2015-12-17, 04:00 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds MPI , PSP investments, Anheuser-Busch)
Dec 17 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Thursday:

** French oil exploration holding company MPI's MPNG.PA
proposed takeover by former parent Maurel & Prom MAUP.PA was
approved by MPI shareholders on Thursday, despite the objections
of a minority.

** A joint venture between Canadian pension fund PSP
Investments and the Abu Dhabi Investment Authority has acquired
a portfolio of U.S. industrial properties from Exeter Property
Group for $3.15 billion, the buyers said.

** Anheuser-Busch InBev ABI.BR , which has agreed to buy
rival brewer SABMiller SAB.L , plans to contact potential
bidders for SABMiller's Grolsch and Peroni beers on Friday and
wrap up deals in less than three months, sources close to the
process said.

** Avon Products Inc (N:AVP) AVP.N said it had agreed to sell 80.1
percent of its North America business to private equity firm
Cerberus Capital Management LP CBS.UL for $170 million.
Cerberus will also invest $435 million for a 16.6 percent stake
in the direct-seller of cosmetics in a deal that values Avon at
about $2.5 billion.

** AstraZeneca Plc AZN.L is to buy 55 percent of privately
held biotech firm Acerta Pharma for $4 billion to give it access
to a new kind of blood cancer drug, boosting its long-term
growth at the cost of a near-term hit to earnings.

** Thailand's telecoms regulator extended an auction for two
4G spectrum licenses for a third day on Thursday amid fierce
competition which raised overall bidding to $3 billion, beating
the total price paid for a previously awarded set of licenses.


** Spanish builder and service company ACS ACS.MC plans to
sell its public cleaning and waste disposal unit Urbaser, worth
around 2.5 billion euros ($2.7 billion) including debt, a source
with knowledge of the situation said.

** Belgium's Galapagos NV GLPG.AS has signed a deal
potentially worth more than $2 billion with U.S. firm Gilead
Sciences Inc GILD.O to develop a drug targeting inflammatory
diseases, reviving a project abandoned by former partner AbbVie
Inc ABBV.N .

** National Electric Vehicle Sweden (Nevs), which bought the
assets of bankrupt Saab Automobile, announced a 78 billion yuan
($12 billion) deal to supply 150,000 electric cars to Chinese
leasing firm Panda New Energy.

** Canada's Shaw Communications Inc SJRb.TO SJR.N said
on Wednesday it has agreed to buy Wind Mobile, the country's
fourth-largest wireless provider, in a deal that gives it a
much-needed presence in the cellular market. Shaw said the deal
valued Wind at C$1.6 billion ($1.16 billion).

** Private equity firm TPG Capital Management has sold
Chinese company HCP Packaging to Baring Asia, returning $1.55
billion in total to investors in 2015, an annual letter to its
limited partners reviewed by Reuters showed.

** Turkey's Limak Cement is in talks on the acquisition of
cement operations in Africa which could be worth up to 1 billion
euros ($1 billion), a senior executive told Reuters, though
there was no certainty a deal would be agreed.

** Italian oil and gas company Eni SpA ENI.MI is in talks
with a possible buyer of a majority stake in its chemicals unit
Versalis but there is no binding accord yet, Chief Executive
Claudio Descalzi said on Thursday.

** State-owned German rail operator Deutsche Bahn DBN.UL
said on Thursday it plans to weigh up a possible partial sale of
its Arriva and DB Schenker units.

** Japan's TDK Corp 6762.T said on Thursday it plans to
acquire Micronas Semiconductor Holding AG MASN.S for up to 214
million Swiss francs ($215 million).

** Munich Re's MUVGn.DE insurance unit Ergo has agreed to
buy nearly 23 percent more in its India joint venture with
Housing Development Finance Corp Ltd HDFC.NS for 11.22 billion
rupees ($169.03 million), in the latest deal in India's
insurance sector after foreign ownership rules were eased this
year.

** Commercial International Bank Egypt SAE COMI.CA ,
Egypt's largest listed company, said on Thursday it had accepted
a 1 billion Egyptian pound ($127.7 million) offer from Orascom
Telecom Media and Technology Holding SAE OTMT.CA to buy its
investment bank subsidiary CI Capital.

** Scottish Power Renewables IBE.MC has sold its tidal
power business to Atlantis Resources Ltd ARL.L in exchange for
a six percent stake in Tidal Power Scotland Limited, the
country's largest tidal power developer.

** Fiat Chrysler Automobiles (N:FCAU) NV FCHA.MI , which lags the
auto industry in fuel efficiency, purchased U.S. greenhouse gas
emissions credits from rival automakers Toyota Motor Corp
7203.T , Tesla Motors Inc (O:TSLA) and Honda Motor Co 7267.T , a
government report released on Wednesday show.

** Hotel operator Hilton Worldwide Holdings Inc HLT.N
plans to spin off its hotel properties into a REIT, a person
familiar with the matter told Reuters on Wednesday.

** Distill Ventures, part of spirits giant Diageo Plc
DGE.L , on Wednesday said it has invested in Starward whisky,
to help the Australian start-up boost its production and expand
into new export markets.

** Alibaba (N:BABA) Group Holding Ltd BABA.N is not in talks to
acquire Hong Kong's Ming Pao newspaper, company spokesman Rico
Ngai told Reuters on Thursday.

($1 = 6.48 Chinese yuan renminbi)

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