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Deals of the day-Mergers and acquisitions

Published 2019-08-19, 04:04 p/m
Updated 2019-08-19, 04:10 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Air Canada , Greene King , Motiva, Pilot Flying J, CK Asset Holdings Ltd, Petroleo Brasileiro SA, Catalyst Capital, IG Metall)

Aug 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** British pubs operator Greene King GNK.L has agreed to a 4.6 billion pounds ($5.6 billion) bid from a Hong Kong-listed company founded by the territory's richest man Li Ka-Shing, which said it was seeking to increase its UK presence even as Brexit looms. Quebec businessman and former politician Pierre Karl Peladeau said he will vote against Air Canada's AC.TO offer to buy tour operator Transat AT TRZ.TO , and would consider making a separate offer with partners if the deal fails. Motiva Enterprises MOTIV.UL said it has signed an agreement to buy the Flint Hills Resources chemical plant adjacent to its Port Arthur, Texas, oil refinery, kicking off a push into petrochemicals. Pilot Flying J, a top operator of travel centers in North America, has agreed to acquire NGL Energy Partners' NGL.N TransMontaigne Product Services assets, according to two people familiar with the matter. Brazil's state-controlled oil company Petroleo Brasileiro SA PETR4.SA received three binding offers last Friday to sell its LPG distribution unit Liquigas Distribuidora SA, two sources with knowledge of the matter said, asking for anonymity to disclose non-public information. Buyout firm Catalyst Capital Group Inc said it will acquire a significant stake in Hudson's Bay Co HBC.TO , a move that could block the department store's executive chairman's plans to take it private for C$1.74 billion. Germany's powerful union IG Metall, which represents the interests of Osram OSRn.DE employees in the tussle over the German lighting group's future, rejected a planned takeover offer from Austrian sensor specialist AMS AMS.S . E-cigarette maker Juul Labs Inc has raised $325 million in an equity and debt offering, a regulatory filing showed, as the company looks to speed up its global expansion at a time it is facing growing U.S. regulatory scrutiny. Britain's antitrust watchdog said it was assessing if the planned acquisition by Japan's MUFG Bank of the aviation financing business of Germany's DZ Bank would have a substantial impact on competition in the sector. British outsourcer Mitie Group Plc MTO.L said it had agreed to sell its catering and hospitality business to CH&CO for up to 85 million pounds ($103.39 million) in cash, as it pushes ahead with moves to simplify its operations. Norwegian Air NWC.OL has agreed to sell its stake in banking company Norwegian Finans Holding NOFI.OL for 2.22 billion crowns ($246.7 million), boosting the loss-making airline's finances. Private equity firm Centerbridge Partners LP is nearing a deal to acquire a majority stake in GoHealth LLC that could value the U.S. online health insurance marketplace at about $1.5 billion, people familiar with the matter said. South Korea's activist fund KCGI, the second-largest shareholder in the parent company of Korean Air Lines Co Ltd 003490.KS , said it was looking to buy a controlling stake in Asiana Airlines Inc 020560.KS . China's Ganfeng Lithium 002460.SZ 1772.HK said it had completed a $160 million deal to raise its stake in the Cauchari-Olaroz lithium brine project in Argentina to 50%. Denmark's DSV DSV.CO said it has completed the acquisition of Swiss logistics group Panalpina PWTN.S , creating the world's fourth largest freight-forwarding company. Norway's BW Offshore BWO.OL has won approval from Brazilian oil regulator ANP for the purchase of the Maromba oilfield, part of the Oslo-listed company's plan to become an operator and not just a supplier of oil services, platforms and ships. The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said. A judge overseeing PG&E Corp's PCG.N bankruptcy case allowed the California utility to hold on to sole rights to its Chapter 11 exit plan, the Wall Street Journal reported on Friday. Activist investor Paul Hilal's Mantle Ridge LP has bought nearly 10% of Aramark's ARMK.N common stock to push for changes at the U.S. food services company, a regulatory filing showed. Brazilian power company CPFL Energia CPFE3.SA is in an expansion phase that could include the purchase of fellow utility Companhia Energetica de Minas Gerais CMIG4.SA , known as Cemig, CPFL Chief Executive Officer Gustavo Estrella told Reuters.

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