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Deals of the day-Mergers and acquisitions

Published 2017-03-15, 04:40 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds AT&T Inc (NYSE:T), Engie, and others; updates Safran )

March 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Wednesday:

** Ant Financial Services Group, the financial services affiliate of China's Alibaba (NYSE:BABA) Group Holding Ltd BABA.N , said on Tuesday it remained committed to the consummation of its merger with U.S. money-transfer company MoneyGram International Inc MGI.O , after Euronet Worldwide Inc EEFT.O trumped its offer. AT&T Inc T.N has won approval from the European Commission for its planned $85.4 billion acquisition of Time Warner Inc (NYSE:TWX) TWX.N , the No. 2 U.S. wireless carrier said. Engie ENGIE.PA has no plans to put in place a major transformative deal and has no interest in taking a minority stake in German grids and renewables group Innogy IGY.DE , Engie chief executive Isabelle Kocher said. Yingde Gases 2168.HK would welcome any competing bids for the Hong Kong-listed firm that will enable its shareholders to get a higher price for their holdings, the management of China's largest industrial gases company told Reuters. Savanna Energy Services Corp SVY.TO said it accepted a higher offer from fellow Canadian oilfield services provider Western Energy Services WRG.TO , while again rejecting a hostile bid from Total Energy Services Inc TOT.TO . Pressure on France's Safran SAF.PA to rethink its proposed $9 billion takeover of Zodiac Aerospace ZODC.PA intensified as a profit warning sent the target's shares tumbling and hedge fund TCI called for Safran's chairman to be ousted unless it abandons the deal. German specialty chemicals maker Wacker Chemie WCHG.DE said it took in 352 million euros ($374 million) in gross proceeds by cutting its stake in silicon wafer group Siltronic WAFGn.DE to 30.8 percent from 51.8 percent. Spain gave the green light to merger talks between Bankia BKIA.MC and Banco Mare Nostrum (BMN) as it seeks to claw back public money used to rescue the banks in 2012. Capital Bank Financial Corp CBF.O is working with advisers to consider selling itself after receiving an unsolicited approach, Bloomberg reported on Wednesday. U.S. market index compiler MSCI Inc MSCI.N said it was not in talks for a possible takeover. The response came after a media report that financial data provider S&P Global Inc SPGI.N was seeking to buy MSCI for $11 billion Poland's state-run utility Enea ENAE.WA said it could still buy EDF's EDF.PA local power assets as part of a consortium even though it has just purchased Engie's ENGIE.PA Polaniec power plant in southern Poland. The top executive of automaker Fiat Chrysler Automobiles NV FCHA.MI , FCAU.N said that he has "zero interest in pursuing" merger talks with his counterpart at Volkswagen AG VOWG_p.DE . A minority shareholder in Colombian airline Avianca AVT_p.CN filed a motion for a preliminary injunction seeking to halt a deal between the airline's controlling shareholder Synergy Group Corp and United Continental Holdings Inc UAL.N . Indian billionaire Anil Agarwal said he would buy a stake of up to 2 billion pounds ($2.5 billion) in Anglo American AAL.L but had no intention of trying to take control of the global miner. Guinness Nigeria GUINNES.LG said it had applied to the Nigerian Stock Exchange to get approval for a share sale to raise 39.7 billion naira ($130 million), its chief executive told Reuters. Italy's Poste Italiane PST.MI is looking to expand its parcel business through acquisitions and joint ventures, Chief Executive Francesco Caio said. Construction conglomerate Odebrecht SA is close to announcing the sale of its stake in Rio de Janeiro's international airport to Canada's PSP Investments Inc, a source with direct knowledge of the matter said on Tuesday. The two private equity consortia vying for Stada STAGn.DE have made binding takeover offers each worth 4.7 billion euros ($5 billion) including debt, paving the way for a deeper look into the German generic drugmaker's books, several people familiar with the matter said. Immofinanz IMFI.VI will invite around 25 "pre-qualified" parties which have expressed an interest to take part in the sale of its portfolio of five shopping centers in Moscow, the Austrian property group said.

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