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Deals of the day-Mergers and acquisitions

Published 2018-07-17, 04:00 p/m
Updated 2018-07-17, 04:00 p/m
Deals of the day-Mergers and acquisitions

July 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Italy's anti-establishment coalition government is likely to delay a planned reform of the country's mutual banks through a decree it will approve next week, two sources familiar with the matter said.

The right-wing League party has been pushing for a moratorium of the reform, which was introduced by the former centre-left government and is forcing hundreds of small mutual banks (BCCs) to merge to create larger groups.

Dyal Capital Partners, a subsidiary of asset manager Neuberger Berman Holdings that acquires stakes in private equity firms, is in advanced talks to buy a minority stake in credit investment firm Golub Capital, two people familiar with the matter said.

Pillarstone Italy, the debt manager set up by U.S. private equity firm KKR, said Germany's Melitta Group Management had bought 100 percent of Italian cling film maker Cuki.

Asda, the British supermarket arm of Walmart (NYSE:WMT) WMT.N that has agreed to be taken over by rival Sainsbury 's SBRY.L, has proposed the closure of an online grocery distribution centre in London, putting 261 jobs at risk, it said.

Italian shipbuilding group Fincantieri FCT.MI and engineering group MERMEC have presented a joint offer for technology group Vitrociset, a source close to the matter said, adding that a potential deal could be struck in the near term.

Swedish telecom operator Telia Company TELIA.ST has agreed to buy TDC's Norwegian business in a $2.6 billion deal that adds broadband and TV to its mobile services in Norway and puts pressure on market leader Telenor TEL.OL.

Chinese ride-hailing giant Didi Chuxing Technology Co Ltd is looking to spin off its car services unit in a deal worth up to $1.5 billion, ahead of its expected initial public offering (IPO), people with direct knowledge of the matter said.

Private equity firm KKR & Co KKR.N said on Monday it will acquire a minority stake in AppLovin Corp for $400 million, just months after the U.S. mobile marketing firm was forced by Washington to scrap a deal to be acquired by a Chinese buyout firm.

Retail giant Walmart Inc WMT.N said it entered into a strategic partnership with Microsoft Corp MSFT.O for wider use of cloud and artificial intelligence technology, in a sign of major rivals of Amazon.com Inc AMZN.O coming together.

Italy's biggest commercial broadcaster, Mediaset MS.MI , has joined forces with infrastructure fund F2i to launch a takeover bid for masts group EI Towers EIT.MI, in a move widely expected to spur further consolidation in the sector.

Air Nostrum and Ireland's CityJet signed an accord to create a new joint holding which they said would form the largest short-haul airline group in Europe.

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