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Deals of the day-Mergers and acquisitions

Published 2017-09-11, 04:00 p/m
© Reuters.  Deals of the day-Mergers and acquisitions
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(Updates Thyssenkrupp, Pilgrim's Pride, Hitachi; Adds Alamos Gold, Luxottica )

Sept 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Banks are preparing to sell down a 647-million-pound ($853 million) leveraged loan financing backing the acquisition of UK-based software firm Civica by Swiss asset manager Partners Group, banking sources said.

Thyssenkrupp TKAG.DE may reach an agreement in principle this month to merge its European steel business with that of Tata Steel TISC.NS, the group said, adding talks were constructive and had entered the final stretch.

Private equity firm Warburg Pincus has completed a deal to buy a 49 percent stake in Chinese asset management company Fortune SG from French bank Societe Generale SOGN.PA, the companies said.

Brazil's JBS SA agreed on Monday to sell a British poultry unit to subsidiary Pilgrim's Pride Corp PPC.O for $1 billion, suggesting that the world's No. 1 meatpacker is trying to protect revenues in more profitable activities abroad as it faces a corruption scandal at home.

Japan's government said it will sell $12 billion worth of Japan Post Holdings Co Ltd 6178.T stock in an announcement that fund managers gave a tepid reception, saying limited growth prospects is likely to dull demand from institutional investors.

U.S. hedge fund Elliott Management Corp said it has a stake of just over 5 percent in Hitachi Kokusai Electric 6756.T, putting pressure on a stalled takeover bid by U.S. buyout firm KKR & Co LP KKR.N . CBS Corp (NYSE:CBS) pay at least A$201.1 million ($162 million) in cash to buy Australian broadcaster Ten Network Holdings TEN.AX, according to documents released on Monday by Ten's administrator.

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Germany's Merck (NYSE:MRK) KGaA MRCG.DE has hired JP Morgan JPM.N to sell its consumer health business, which includes brands such as Seven Seas vitamins and could be worth around $4.5 billion.

South Korea's Lotte Shopping 023530.KS is considering selling its supermarkets in China and other options should political tensions between Seoul and Beijing continue next year, an official at the retailer told Reuters.

Global commodities trader Cargill Inc CARG.UL said it has agreed to sell its U.S. metals business to Japan's Metal One Corp, its latest move to boost its focus on higher-margin food and agricultural businesses.

India's IndusInd Bank Ltd INBK.NS has entered into exclusive talks to acquire microlender Bharat Financial Inclusion Ltd BHAF.NS, in a deal that will help the private sector bank to expand its consumer business.

Canada's Alamos Gold Inc AGI.TO , AGI.N will buy smaller rival Richmont Mines Inc RIC.TO, RIC.N in a deal valued at about C$905 million ($747 million) to create one of the top 10 gold producer in North America.

EU antitrust regulators have concerns over the proposed 46 billion-euro ($55 billion) merger deal between the world's biggest eyewear company, Luxottica LUX.MI , and top lens maker Essilor ESSI.PA, and will inform them later this week, a person familiar with the matter said.

The sale of Australian infrastructure fund Macquarie's 36 percent stake in Brussels airport has stalled due to a dispute with fellow shareholder Ontario Teachers' Pension Plan (OTPP), sources familiar with the matter told Reuters.

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