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Deals of the day-Mergers and acquisitions

Published 2019-05-13, 04:15 p/m
Updated 2019-05-13, 04:20 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

May 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Beiersdorf BEIG.DE , the maker of Nivea and other skin care brands, is buying U.S. sun care brand Coppertone from Bayer BAYGn.DE for $550 million to strengthen its position in North America, the German consumer goods firm said.

Norwegian oil company Equinor EQNR.OL has increased its stake in the Caesar Tonga oilfield in the U.S. Gulf of Mexico by buying Royal Dutch Shell's RDSa.L 22.45% stake for $965 million in cash.

Canada's second-biggest carrier, WestJet Airlines Ltd WJA.TO , accepted a C$3.5 billion ($2.6 billion) cash buyout offer from private equity group Onex Corp ONEX.TO , sending the carrier's shares surging 63% in Toronto trading.

A Chinese businessman has bought a majority stake in Finnish top league football club Helsinki IFK, a move that the former national champions hope will boost their growth ambitions.

Brazilian airline Azul SA AZUL.N made a new attempt to purchase some of bankrupt airline Avianca Brasil's most coveted routes, offering $145 million and reversing a decision not to participate.

ION Investment Group, the owner of data provider Dealogic, on Monday bought a controlling stake in financial news and data firm Acuris, known for its Mergermarket and Debtwire brands, for 1.35 billion pounds ($1.76 billion), including debt.

Vodafone Group Plc VOD.L said that it had agreed to sell its New Zealand business for about 2.1 billion euros ($2.36 billion) to a consortium comprising of New Zealand-based Infratil Ltd IFT.NZ and Canada's Brookfield Asset Management BAMa.TO .

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Buyout group EQT Partners is putting plans for a sale of outsourcing firm VFS on ice as suitors' views on valuation were too far away from EQT's expectations, people close to the matter said.

Volkswagen VOWG_p.DE truck brand Scania has signed a battery supply deal with Sweden's Northvolt and is in talks about making an equity investment as part of the startup's efforts to raise 1.5 billion euros ($1.68 billion), Scania's head said.

Euronext NV ENX.PA won approval from Norway's Ministry of Finance to buy up to 100% of Oslo Bors VPS Holding ASA OSLO.NFF , effectively ending a five-month battle with Nasdaq Inc NDAQ.O for one of the last independent stock market operators in Europe.

The Competition Authority of Kenya approved a proposed merger between Kenya's Commercial Bank of Africa and NIC Group NIC.NR , the regulator said.

Japan Display Inc 6740.T said that a planned investment of up to 80 billion yen ($729.33 million) from a Chinese-Taiwanese group will be delayed as the investor group wants to reassess the ailing display maker's business. Belgian pharmaceutical ingredients group Fagron NV FAGRO.BR said it was acquiring Central de Drogas, S.A. de C.V. (Cedrosa) in a 352 million Mexican pesos ($18.39 million) cash deal to expand further its presence in Latin America.

Financing group Greensill Capital confirmed SoftBank Group Corp's 9984.T Vision Fund has invested $800 million in the British company, a vote of confidence in the UK finance sector that has been navigating Brexit challenges.

Dairy group Fonterra FSF.NZ , FCG.NZ confirmed the sale of its New Zealand Tip Top ice cream business to UK-based Froneri Ltd for NZ$380 million ($250.3 million), as it looks to trim its portfolio and focus on international markets.

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Italy's A2A A2.MI has presented a joint expression of interest together with the Czech Republic's EPH for the whole of Italian energy company Sorgenia, the A2A chief executive said.

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