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Deals of the day-Mergers and acquisitions

Published 2018-08-10, 09:32 a/m
Updated 2018-08-10, 09:32 a/m
© Reuters.  Deals of the day-Mergers and acquisitions

Aug 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:

** The Brazilian central bank barred Itaú Unibanco SA ITUB4.SA, the nation's private lender, from acquiring control of financial services firm XP Investimentos SA.

CK Hutchison 0001.HK has offered concessions to address EU antitrust concerns about its 2.45-billion-euro ($2.8 billion) buyout of its partner Veon's VON.AS stake in Italian mobile operator Wind Tre, the European Commission said.

Japan's JERA, a joint venture between Tokyo Electric Power Company Holdings 9501.T and Chubu Electric Power 9502.T, says it has agreed to buy a 50-percent stake in three natural gas-fired thermal power stations in the northeastern United States for an undisclosed sum.

China's Hainan Airlines 600221.SS said it had sold its remaining stake in Brazilian airline Azul SA AZUL.N in a deal that netted it $306.25 million after deducting underwriting fees.

Sports Direct SPD.L, the British sportswear retailer controlled by tycoon Mike Ashley, snapped up House of Fraser from the department store group's administrators for 90 million pounds ($114.9 million).

Massachusetts Mutual Life Insurance Co (MassMutual) is working with an investment bank to consider strategic options for its OppenheimerFunds business, which could include a potential merger or partial or full sale of the asset manager, three sources aware of the matter said.

Dairy products maker Bega Cheese Ltd BGA.AX said the Australian competition regulator had approved its purchase of Saputo Inc 's SAP.TO dairy processing facility at Koroit in the state of Victoria.

Billionaire investor Daniel Loeb and fellow Campbell Soup Co CPB.N shareholder George Strawbridge called for a sale of the iconic U.S. food company best known for its canned soups, according to a regulatory filing.

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The Brazilian subsidiary of France's Engie SA ENGIE.PA is considering a bid for local power generation company CESP Companhia Energética de Sao Paulo CESP6.SA, a senior executive told analysts.

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