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Deals of the day-Mergers and acquisitions

Published 2019-03-04, 04:05 p/m
Updated 2019-03-04, 04:10 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

March 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

** Newmont Mining Corp (NYSE:NEM) NEM.N rejected rival Barrick Gold Corp 's ABX.TO $18 billion buyout offer, but proposed a joint venture in Nevada instead, a deal worth billions that would create a major operator in the largest U.S. gold-producing region.

German chemicals group Evonik EVKn.DE has agreed the key terms of a 3 billion euro ($3.4 billion) sale of its methacrylates plastics unit to buyout group Advent a year after its decision to shed the business.

Britain's Findel FDL.L rejected a takeover approach from the country's largest sport goods retailer Sports Direct SPD.L , saying the bid significantly undervalued the online retail and education business.

Norwegian exchange operator Oslo Bors OSLO.NFF has recommended that its shareholders accept a sweetened buyout offer made by U.S.-based Nasdaq Inc NDAQ.O , and reject a bid from Euronext ENX.PA .

Cision Ltd CISN.N , the owner of PR Newswire and provider of software for public relations professionals, is holding discussions with private equity firms about a potential sale, people familiar with the matter said.

OCI OCI.AS has received takeover interest in its methanol group assets, the Dutch chemicals company said.

Nord Pool will evaluate strategic alternatives for its commercial power exchange business and has appointed Skandinaviska Enskilda Banken SEBa.ST as an advisor, the company said.

Energias de Portugal EDP.LS , one of Europe's major electricity operators, made a strategic investment in U.S.-Israeli cybersecurity company Sepio Systems.

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Edizione, the holding company of Italy's Benetton family, has increased its stake in Generali GASI.MI to just over 4 pct, two sources close to the matter said, adding Edizione aimed to increase its shareholding to 5 percent over time.

Piraeus Bank BOPr.AT concluded the sale of its Albanian subsidiary Tirana Bank to Balfin and Komercijana Banka, boosting its core equity capital, Greece's largest lender said.

Biogen Inc BIIB.O said it will buy Nightstar Therapeutics Plc NITE.O for about $800 million in cash as the company looks to tap into a potentially lucrative gene therapy market.

Norway's BW Offshore BWO.OL is considering whether to buy Brazil's Maromba oilfield from Petroleo Brasileiro (Petrobras) PETR4.SA and Chevron (NYSE:CVX) CVX.N , for an undisclosed price, the Oslo-listed company said.

** Julius Baer BAER.S has acquired an additional 30 percent in Mexican wealth manager NSC Asesores, the Swiss private bank said, taking its overall stake to 70 percent.

Chinese tech giant Tencent 0700.HK and South Korea's biggest chat operator Kakao Corp 035720.KS are among five bidders shortlisted to buy South Korean gaming firm Nexon 3659.T , the Korea Economic Daily newspaper reported.

Australian agribusiness company Graincorp Ltd GNC.AX said it had entered an agreement to sell its Australian bulk liquid terminals business to ANZ Terminals for an enterprise value of A$350 million ($248.89 million), as part of an ongoing portfolio review.

Swiss logistics company Panalpina's PWTN.S board is speaking with DSV A/S DSV.CO after the Danish freight forwarder increased its takeover offer to $4.3 billion last month, a Swiss newspaper reported on Sunday.

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Zomato Media Pvt Ltd will sell its UAE food delivery business to Germany's Delivery Hero Group DHER.DE for about $172 million, Zomato's second-largest shareholder Info Edge (India) Ltd INED.NS said.

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