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Deals of the day-Mergers and acquisitions

Published 2018-05-24, 09:41 a/m
Updated 2018-05-24, 09:41 a/m
Deals of the day-Mergers and acquisitions

May 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:

** Ryanair RYA.I has never made an approach for Norwegian Air NWC.OL and does not intend to, the Irish airline said, disputing claims made by the chief executive of its rival budget carrier.

Italian travel retailer Autogrill AGL.MI does not plan to break up the company, Chief Executive Gianmario Tondato said after a shareholders' meeting.

Brazilian construction firm Odebrecht SA ODBES.UL denied receiving a proposal from LyondellBaseel Industries NV LYB.N to buy its controlling stake in Brazilian petrochemical company Braskem SA BRKM5.SA, Braskem said in a securities filing.

Russia's No.2 bank VTB VTBR.MM said it had sold an 11.82 percent stake in food retailer Magnit MGNT.MM worth 62.5 billion roubles ($1.02 billion) to Marathon Group, which is owned by Russian businessmen.

Smurfit Kappa SKG.I has agreed to buy Dutch paper and recycling firm Reparenco for about 460 million euros ($539 million), the Irish packaging group said, in its effort to see off a takeover bid from U.S. rival International Paper (IP) IP.N .

Deutsche Telekom DTEGn.DE said it will keep its options open on the future of T-Systems, saying in an investor presentation it would "maintain strategic optionality" with regard to the troubled IT services unit.

Abu Dhabi's state-owned Mubadala Investment Company MUDEV.UL has acquired a 44 percent stake worth at least $271 million in an oil subsidiary of gas giant Gazprom GAZP.MM, the Russian company said.

Britian's RockRose Energy RRE.L said it agreed to buy Netherland-based privately held oil and gas explorer Dyas BV, for 107 million euro ($125.3 million) in cash.

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Russian gas giant Gazprom GAZP.MM said that its board of directors has agreed to sell 44 percent in the charter capital of its Gazprom Neft-Vostok subsidiary to United Arab Emirates' Mubadala Petroleum company.

Russian tycoon Viktor Vekselberg, who has been placed under U.S. sanctions, confirmed he had resumed talks about merging his power assets with gas giant Gazprom GAZP.MM, Russian agencies reported.

Private bank Vontobel VONN.S is buying smaller competitor Notenstein La Roche from Swiss cooperative bank Raiffeisen RFSHW.UL for $705 million, the first in what industry insiders expect could be a new wave of consolidation in the sector.

Oman Arab Bank, a unit of Ominvest OMVS.OM , and Alizz Islamic Bank BKIZ.OM are exploring a merger, the two banks said, joining an increasing trend among Gulf banks to consolidate.

Westfield Corp WFD.AX shareholders have voted in favour of a $16 billion takeover by Unibail-Rodamco UNBP.AS, the chairman of the Australian shopping mall giant said.

Canada has blocked a proposed C$1.51 billion ($1.18 billion) takeover of construction company Aecon ARE.TO by a Chinese state builder on national security grounds, underscoring rising wariness of Chinese firms buying up assets in Western countries.

Eddie Bauer LLC and Pacific Sunwear of California LLC are exploring a merger to consolidate their store footprint and weather a prolonged downturn in the U.S. brick-and-mortar retail sector, people familiar with the matter said on Wednesday.

DynCorp International Inc, a U.S. defence contractor owned by private equity firm Cerberus Capital Management LP, is exploring a sale that could fetch more than $1.3 billion, three people familiar with the matter said.

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Australian energy retailer Origin Energy Ltd ORG.AX said it has agreed to sell its metering business, Acumen, for A$267 mln ($202.07 mln) to intelliHUB, a company to be jointly owned by Pacific Equity Partners and Landis+Gyr.

Reliance Worldwide Corp Ltd RWC.AX is buying the U.K.'s John Guest Holdings Ltd for A$1.22 billion ($922.93 million), the Australian plumbing fittings maker said.

Comcast Corp CMCSA.O confirmed on Wednesday it was preparing a higher, all-cash offer for most of the media assets of Twenty-First Century Fox FOXA.O , setting up a bidding war with rival Walt Disney Co DIS.N , which already has agreed to a $52-billion deal with Fox.

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