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Deals of the day: Mergers and acquisitions

Published 2019-09-23, 04:00 p/m
Updated 2019-09-23, 04:30 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

Sept 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Vivendi (PA:VIV) is taking legal action against Mediaset's plans to reshape its future after deciding to hold on to its stake in the Italian broadcaster after a deadline to sell expired.

Oxford Immunotec Global Plc OXFD.O , a medical diagnostics company that develops tests to identify tuberculosis, is exploring strategic alternatives, including a potential sale, people familiar with the matter said.

European private equity firm Ambienta SGR said it had agreed to sell Italian hydraulic components specialist Safim to U.S. car parts maker DexKo Global. Hyundai Motor Group will invest $1.6 billion in a joint venture to develop self-driving vehicle technologies with Aptiv APTV.N, the biggest overseas investment by the South Korean carmaker to catch up to rivals in the autonomous car market.

The Italian government is considering a series of potential merger and acquisition options for Banca Monte dei Paschi di Siena BMPS.MI, a top official said.

Russian fertilizer and chemical companies Uralkali URKA.MM and Uralchem have agreed with Fertilizantes Heringer SA FHER3.SA to become controlling shareholders in the Brazilian firm that is now under bankruptcy protection.

Britain's Whitbread Plc WTB.L said it bought three independent hotels in Germany for an undisclosed sum, as the company expands in Europe as part of its focus on the hotel business following the sale of its Costa Coffee chain.

Canada's First Quantum Minerals Ltd FM.TO confirmed it was in talks with China-based Jiangxi Copper Co Ltd 600362.SS for a potential sale of a minority interest in its Zambian copper assets.

Thomas Cook TCG.L will be sold as a whole or in parts after its collapse, the company's second-largest shareholder said, adding he would see what is offered before deciding whether to buy more assets.

Boeing (NYSE:BA) BA.N is set to face a EU antitrust investigation of up to five months into its bid for a controlling stake in the commercial aircraft arm of Brazil's Embraer EMBR3.SA, people familiar with the matter said.

Italy's biggest regional utility A2A A2.MI has submitted a bid for Renvico's wind power assets, Chief Executive Valerio Camerano said.

Private equity firm Advent International is in talks to join Bain Capital in its takeover bid for Germany's Osram OSRn.DE, Bloomberg reported, citing people familiar with the matter, a move that could further fuel the bidding war for the lighting group.

Germany's Adler Real Estate ADLG.DE has agreed to buy ADO Group ADO.TA, a Tel Aviv-listed shareholder in ADO Properties ADJ.DE, for 708 million euros ($777 million), the companies said.

Lufthansa LHAG.DE has no plans to acquire insolvent British travel company Thomas Cook TCG.L , the airline told German newspaper Die Welt. It did not rule out an offer for Cook's German subsidiary, Condor.

Australian stockbroker Morgans said it would take over the advisory business of Commonwealth Bank of Australia's CBA.AX online stockbroking firm, CommSec, for an undisclosed sum.

German residential property firm Vonovia SE VNAn.DE said it is buying a majority stake in Swedish peer Hembla from a subsidiary of investment firm Blackstone (NYSE:BX) Group Inc BX.N for 1.14 billion euros ($1.26 billion).

Malaysian private equity firm Navis Capital Partners has began a sale process for Modern Star, the Australian education supplier it bought in 2014, seeking over A$800 million ($542.2 million) for the business, two sources told Reuters.

Mike Ashley's retail group Sports Direct International SPD.L said it had made a 5-pence-a-share offer for Goals Soccer Centres GOAL.L, the struggling football pitch operator that said last month it had misstated historical accounts.

German residential property company Vonovia VNAn.DE said it agreed with Vega Holdco, a subsidiary of investment firm Blackstone BX.N, on the acquisition of 69.3% of Swedish peer Hembla, subject to clearance by Swedish antitrust authorities.

Chinese telecoms equipment maker Huawei Technologies Co said on Sunday it was not interested in acquiring struggling Oi SA OIBR3.SA or any other Brazilian carrier.

Portuguese publishing group Cofina CFN.LS announced on Saturday that it reached an agreement with Spanish firm Prisa to acquire Media Capital, which operates one of Portugal's biggest TV channels, for an enterprise value of 255 million euros.

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