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Deals of the day-Mergers and acquisitions

Published 2019-02-01, 09:42 a/m
© Reuters.  Deals of the day-Mergers and acquisitions

Feb 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Friday:

** China's HNA Group HNAIRC.UL sold its last land parcel in Hong Kong to local developer Wheelock and Co Ltd's 0020.HK property business for HK$3.91 billion ($498.3 million), continuing its global asset disposals to ease its liquidity crunch.

Paulson & Co, the hedge fund firm led by billionaire investor John Paulson, has upped its overall interest in Britain's Premier Foods Plc PFD.L to 11.9 percent, a regulatory filing showed.

Jet Airways Ltd JET.NS has agreed to most conditions set by shareholder Etihad Airways for offering a lifeline to the debt-laden Indian carrier, the Business Standard newspaper said, sending Jet's shares soaring as much as 18 percent.

Billionaire Mike Ashley, who controls British sportswear retailer Sports Direct International PLC SPD.L , agreed to acquire Sofa.com for "a nominal sum", Sky News reported, ending a battle with ScS Group PLC SCSS.L to buy the maker of handcrafted beds and sofas.

German scents and flavours maker Symrise AG SY1G.DE has moved to expand its pet food business with the agreed purchase of U.S. group ADF/IDF for $900 million, pushing the buyer's shares to a three-month high.

Finland's biggest utility Fortum Oyj FORTUM.HE said it had raised its stake in German energy company Uniper SE UN01.DE to 49.99 percent, while also reporting a rise in comparable operating profit in the fourth quarter, citing higher electricity prices.

British energy supplier SSE PLC SSE.L has agreed to sell nearly half of its stake in the Stronelairg and Dunmaglass wind farms in Scotland to renewables fund Greencoat UK Wind UKWG.L and a UK pension fund for 635 million pounds ($832.17 million).

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Event manager and publisher Informa Plc INF.L said it would sell its Life Sciences Media Brands portfolio to MJH Associates for just over $100 million.

LafargeHolcim Ltd LHN.S has completed the sale of its Indonesia business in a deal which valued the unit at $1.75 billion, the cement maker said.

Australian hospital operator Healthscope Ltd HSO.AX said it had recommended a A$4.35 billion ($3.2 billion) takeover offer from Canadian investment firm Brookfield Asset Management Inc BAMa.TO , taking its shares to an eight-month high.

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