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Deals of the day-Mergers and acquisitions

Published 2018-11-16, 04:00 p/m
© Reuters.  Deals of the day-Mergers and acquisitions
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(Adds Technicolor SA, Visa, General Electric (NYSE:GE), LyondellBasell)

Nov 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:

** Technicolor SA TCH.PA has been exploring options that include a full or partial sale of the French digital media company, as its set-top box business struggles because of higher prices for memory chips, people familiar with the matter said. Payments processor Visa Inc (NYSE:V) V.N said it is taking a minority stake in Indian payment gateway BillDesk, as it seeks to grab a bigger slice of one of the fastest growing digital payments markets in the world. LyondellBasell Industries NV (NYSE:LYB) LYB.N is close to presenting a binding offer to acquire control of Brazilian petrochemical company Braskem SA BRKM5.SA , two people with knowledge of the matter said. General Electric Co GE.N said its lending arm has sold a $1.5 billion healthcare equipment finance portfolio to U.S. lender TIAA Bank for an undisclosed sum. Siemens SIEGn.DE and Alstom ALSO.PA said they will not seek a hearing in front of European Union regulators to address antitrust concerns about their planned rail merger. Indian conglomerate Tata Sons Ltd TATAS.UL said it is in preliminary talks with struggling Jet Airways Ltd JET.NS but has not made a proposal to acquire a stake, cooling speculation that a deal was imminent. Japan's Mitsubishi UFJ Financial Group 8306.T is the leading bidder for the aviation financing business of Germany's No.2 lender DZ Bank, people close to the matter said. Union Bank, Albania's eighth biggest bank, has bought the smaller Malaysian-owned International Commercial Bank (ICBank), the Albanian central bank told Reuters. ABB ABBN.S is in talks with Hitachi Ltd 6501.T and Mitsubishi Electric Corp 6503.T to sell all or part of the Swiss engineering group's embattled power grids business, sources familiar with the issue told Reuters. Lufthansa LHAG.DE is considering divesting its catering business LSG Sky Chefs, Chief Executive Carsten Spohr told business daily Boersen-Zeitung. JO Hambro, a top-5 shareholder in Restaurant Group RTN.L , said it backed a proposed 357 million pounds ($456.39 million) deal to buy noodle chain Wagamama. Germany's SAP SAPG.DE still expects its margins to expand after its $8 billion takeover of Qualtrics, a U.S. company that specializes in tracking the sentiment of consumers online, Chief Financial Officer Luka Mucic said. T-Mobile US Inc's TMUS.O Chief Financial Officer said there is a possibility that its $26 billion acquisition deal of Sprint Corp S.N will close as early as the first quarter of 2019. BlackBerry Ltd BB.TO raised its bets on artificial intelligence and cybersecurity with the $1.4 billion purchase of California-based machine-learning specialists Cylance.

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