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Deals of the day-Mergers and acquisitions

Published 2020-06-12, 09:22 a/m
© Reuters.

(Adds Intesa, easyJet, updates Facebook, Zijin Mining , Bitauto)

June 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Italy's insurance regulator IVASS is set to rule early next week on the takeover offer by Intesa Sanpaolo ISP.MI for rival UBI UBI.MI , a source with knowledge of the matter said. Facebook's FB.O acquisition of popular GIF website Giphy is being scrutinized by the United Kingdom's competition watchdog for possibly reducing competition. The family of budget airline easyJet EZJ.L founder Stelios Haji-Ioannou sold a small stake in the company, a regulatory filing showed, after he last month failed in his bid to oust the airline's top three bosses. China's Zijin Mining 601899.SS , 2899.HK said it would acquire Guyana Goldfields GUY.TO for C$323 million, bringing an end to a protracted takeover battle for the Canada-listed gold miner. Chinese car comparison website Bitauto Holdings Ltd BITA.N agreed to be taken private by an investor group backed by gaming and social media firm Tencent Holdings Ltd 0700.HK for $1.1 billion in cash. Mahindra & Mahindra MAHM.NS plans to give up control of struggling South Korean unit SsangYong Motor 003620.KS , the Indian automaker's managing director said on Friday, as it looks to exit loss-making ventures amid the coronavirus pandemic. Four private equity groups including Warburg Pincus and Bain Capital are lining up bids for a slice of Italian toll-road payment business Telepass ahead of a June 30 deadline, three sources told Reuters. EU antitrust regulators have set a July 16 deadline for a decision on whether to clear French TGV high-speed train maker Alstom 's ALSO.PA bid for Bombardier Inc 's BBDb.TO rail division, according to a filing on the European Commission website. State-owned Bulgarian Development Bank will take a stake of up to 19% in First Investment Bank (Fibank) 5F4.BB , which is raising money to cover a capital shortfall found by the European Central bank last year, the finance minister said on Friday. Dutch food supplements maker DSM said it had agreed to buy most of the operations of animal feed additives maker Erber Group for 980 million euros ($1.1 billion). Activist hedge fund Jana Partners disclosed a new stake in Perspecta Inc PRSP.N , which provides information technology services to government customers, and said it will speak with executives about changes that could lead to a merger or sale.

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