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Deals of the day-Mergers and acquisitions

Published 2017-03-30, 06:19 a/m
© Reuters.  Deals of the day-Mergers and acquisitions

March 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1015 GMT on Thursday:

** HSBC HSBA.L announced a strategic partnership with financial technology company Tradeshift, that will allow the bank's clients to manage their supply chains and working capital requirements digitally. Serbia invited investors to propose terms to buy three heavily indebted, state-owned petrochemical plants, part of a plan to boost growth and cut the national debt. Israel's Delek Group DLEKG.TA said its quarterly profit was boosted by the sale of two natural gas sites and higher income from its exploration and production operations as it seeks further international expansion. Tsinghua Unigroup Ltd, China's biggest state-owned semiconductor group, said media reports that it bid for Toshiba Corp's 6502.T chip business were groundless, reiterating a similar statement made in February. German shipping finance provider HSH Nordbank HSH.UL has received more than 10 expressions of interest from potential buyers in the lender which seeks to be sold within a year. Booker BOK.L , the British wholesaler that has agreed to a 3.7 billion pound ($4.6 billion) takeover by Tesco TSCO.L , said quarterly sales growth had slowed, with tobacco sales hurt by a shop display ban and plain packaging restrictions. Blood plasma products maker Biotest BIOG.DE is in talks to be taken over by Chinese investor Creat Group Corp, which last year bought the German company's British peer Bio Products Laboratory. Toshiba Corp 6502.T shareholders agreed to split off its prized NAND flash memory unit, paving the way for a sale to raise at least $9 billion to cover U.S. nuclear unit charges that threaten the conglomerate's future. Kushner Cos, the real estate firm headed by President Donald Trump's son-in-law until recently, said on Wednesday it ended talks to redevelop its flagship New York office tower with China's Anbang Insurance Group ANBANG.UL . Synovus Financial Corp SNV.N will buy the financial unit of outdoor goods retailer Cabela's Inc CAB.N , a source familiar with the matter told Reuters on Wednesday. A consortium led by General Electric (NYSE:GE) GE.N submitted the only bid for a Nigerian railway concession project worth around $2 billion for two lines connecting northern cities to others in the south, a procurement process adviser said on Wednesday. Mexican mining, rail and infrastructure firm Grupo Mexico said on Wednesday its planned takeover of Florida East Coast Railway would allow it to expand its exposure to U.S. rail freight, increase dollar earnings and diversify revenue sources. ConocoPhillips (NYSE:COP) COP.N on Wednesday agreed to sell oil sands and western Canadian natural gas assets to Cenovus Energy Inc CVE.TO for C$17.7 billion ($13.3 billion), making it the latest international oil major to pull back from a region where high costs and low crude prices have made it hard for large companies to make an acceptable return.

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