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Deals of the day- Mergers and acquisitions

Published 2016-01-13, 04:12 p/m
Updated 2016-01-13, 04:12 p/m
© Reuters.  Deals of the day- Mergers and acquisitions

(Adds Elenia Oy, Home Retail, Chr Hansen, United Metallurgical,
ICA, Digital Currency Group)
Jan 13 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Wednesday:

** Philippine conglomerate San Miguel Corp SMC.PS said it
was interested in acquiring SABMiller Plc's SAB.L Grolsch and
Peroni beer brands, its President Ramon Ang said. The Colombian government sold its 57.6 percent
controlling stake in power generator Isagen ISG.CN to Canada's
Brookfield Asset Management BAMa.TO for $1.99 billion, Finance
Minister Mauricio Cardenas said. Swiss private bank J. Safra Sarasin has agreed to buy
Ticino-based peer BSI from Brazil's BTG Pactual BPAC3.SA
BBTG11.SA , Swiss newspaper Handelszeitung said on its website.
U.S. chipmaker Atmel Corp ATML.O said it considered
Microchip Technology Inc's MCHP.O $3.42 billion cash-and-stock
proposal superior to Dialog Semiconductor Plc's DLGS.DE offer.
The majority shareholders of Finnish electricity
distributor Elenia Oy have lined up Goldman Sachs (N:GS) and Citi to
sell the business, in what could be one of Europe's biggest
infrastructure deals this year, two sources familiar with the
matter said on Wednesday. Dubai-based private equity firm The Abraaj Group will buy
a majority stake in India's CARE Hospitals from Advent
International, betting on growing demand for healthcare services
in Asia's third-largest economy. Canada's Shaw Communications Inc SJRb.TO said it would
sell its media unit to Corus Entertainment Inc CJRb.TO for
C$2.65 billion ($1.9 billion), gaining funding for its Wind
Mobile purchase. Sagent Pharmaceuticals Inc SGNT.O , a U.S. generic life
sciences company focusing on injectable drugs, is considering a
sale of the company as part of an exploration of strategic
alternatives, according to people familiar with the matter.
David Tepper-led hedge fund Appaloosa Management LP sued
to prevent SunEdison Inc's SUNE.N yieldco from buying some of
Vivint Solar Inc's VSLR.N assets after SunEdison acquires the
rooftop panel installer. UK-listed mid-sized oil producer Premier Oil PMO.L is
buying German utility E.ON's EONGn.DE oil and gas assets in
the UK part of the North Sea, three banking and industry sources
told Reuters. Brazil's state-controlled oil producer Petrobras
PETR4.SA is seeking to sell its 5.8 billion Brazilian real
($1.4 billion) stake in petrochemical producer Braskem SA
BRKM5.SA , newspaper Folha de S. Paulo reported. A consortium led by private equity firm Gilde that is
seeking to take over Dutch materials maker Ten Cate NTCN.AS
said it had raised its offer to 26 euros ($28.16) per share.
Israel cyber security firm Check Point Software
Technologies CHKP.O is in initial talks to buy smaller
provider CyberArk Software CYBR.O , TheMarker financial
newspaper reported. Sports Direct SPD.L , Britain's biggest sportswear
retailer, said it acquired small stakes in two U.S. companies,
taking its strategy of buying shares in potential partners
across the Atlantic. British takeover target Home Retail Group Plc HOME.L
said it was in advanced talks to sell its Homebase home
improvement stores to Australia's Wesfarmers Ltd WES.AX for
340 million pounds ($490 million) in cash, allowing it to focus
on its Argos chain. Danish food ingredients maker Chr Hansen Holding A/S
CHRH.CO said it has agreed to buy Nutrition Physiology Company
(NPC) for $185 mln and will cancel a planned share buy-back
programme and interim dividends in the financial year 2015/16.
Russia-based United Metallurgical Co (OMK) is exploring a
sale of a steel pipe facility in northeast Houston that it
invested $100 million in, two sources familiar with the matter
said, in the latest sign that the steel industry is fraught with
oversupply and weak demand. Mexico's embattled ICA plans to launch a venture with
assets from the construction firm's homebuilder unit ViveICA and
a 1.5 billion peso ($84 million) investment from real estate
group Nemesis Capital, a person familiar with the matter said.
Digital Currency Group, a holding firm focused on
investing and developing businesses that deal in bitcoin and
other cryptocurrencies, has acquired the industry publication
CoinDesk, the company said. = 0.92 euros)
($1 = 0.69 pounds)
($1 = 4.02 Brazilian reais)

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