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Deals of the day-Mergers and acquisitions

Published 2018-09-10, 04:07 p/m
© Reuters.  Deals of the day-Mergers and acquisitions
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(Adds Cielo, Telereal Trillium, Marubeni, Chain; updates SAIC)

Sept 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Britain's Network Rail NETRAH.UL agreed to sell its commercial property portfolio to property outsourcing firm Telereal Trillium and a Blackstone (NYSE:BX) Group BX.N affiliate for 1.46 billion pounds ($1.9 billion) as it pushes for further improvement of its railways.

The owners of a proposed German department store chain formed by the merger of Karstadt and Kaufhof HBC.TO, have agreed to provide the company with a cash injection of 400 million euros ($464 million), reported a magazine Russian Direct Investment Fund.

Japan's Marubeni Corporation 8002.T and Russia's AEON Corporation have agreed to develop an industrial facility in the Russian city of Volgograd, the Russian investment fund said.

Japan's SBI Holdings will become a co-investor in Russia's Sovcombank along with the Russia-China Investment Fund, said Russian Direct Investment Fund. Brazilian payment processor Cielo SA CIEL3.SA will conclude the acquisition of a 70-percent stake in technology company Stelo SA this week, according to a securities filing.

Science Applications International Corp (SAIC) SAIC.N said it will acquire Engility Holdings Inc EGL.N for $1.5 billion in stock, a deal that will turn it into the second-largest independent U.S. government services contractor.

San Francisco technology start-up Chain Inc has been acquired by Lightyear Corp, a company focused on the Stellar blockchain, Chain Chief Executive officer Adam Ludwin said.

Saudi Arabia's sovereign wealth fund has chosen Goldman Sachs (NYSE:GS) GS.N, Bank of America Merrill Lynch (NYSE:BAC) BAC.N and Michael Klein as advisers on its planned sale of a stake in petrochemicals firm SABIC to Saudi Aramco, sources familiar with the process said.

RPC Group RPC.L is in talks on a possible sale to Apollo Global Management APO.N and Bain Capital, with the private equity interest in the fast consolidating market lifting shares in Europe's biggest plastics packaging maker by 25 percent.

Investa Office Fund IOF.AX said it has set Sept. 17 as the date for its shareholders to vote on Blackstone Group's BX.N sweetened A$3.3 billion ($2.4 billion) bid.

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