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Deals of the day-Mergers and acquisitions

Published 2017-09-25, 04:36 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

Sept 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Unilever ULVR.L UNc.AS has agreed a $900 million deal with South African investor Remgro REMJ.J, buying Remgro's 26 percent stake in its South African subsidiary in exchange for its southern African spreads business and a cash payment.

Filipino billionaire Tony Tan Caktiong, who has built Jollibee Foods Corp JFC.PS into a near-4,000 store purveyor of sweet-style spaghetti, burgers and fried chicken, is looking to buy existing brands in mature markets to help fuel future growth.

German industrial group Siemens SIEGn.DE is likely to decide on Tuesday to pursue a multibillion-dollar rail merger with French rival Alstom ALSO.PA rather than Canada's Bombardier BBDb.TO, two sources familiar with the matter told Reuters.

German utility E.ON EONGn.DE has good reason to try and sell its remaining stake in Uniper, the mainly fossil-fuels based power stations and trading business it spun off last year, to Finland's Fortum FORTUM.HE, its chief financial officer Marc Spieker said in an interview with Boersenzeitung (BoeZ).

Potash Corporation Of Saskatchewan Inc POT.TO has hired Goldman Sachs (NYSE:GS) and BofA Merrill Lynch to explore selling its 32 percent stake in Chile's Sociedad Quimica Y Minera (SQM) SQM_pb.SN, Chilean paper La Tercera reported on Saturday.

Ghana's National Communications Authority (NCA) regulator granted conditional approval for a merger between the local operations of Millicom's Tigo and Bharti Airtel BRTI.NS, a notice to employees of the subsidiaries said. Insolvent German airline Air Berlin AB1.DE hopes to conclude talks with Lufthansa LHAG.DE and easyJet EZJ.L on a carve-up of its assets by the middle of next month as it races to secure jobs and keep flying.

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British Airways parent IAG ICAG.L put in a bid for part of insolvent German airline Air Berlin AB1.DE but expects it will go mainly to Lufthansa LHAG.DE, CEO Willie Walsh said at a conference in Barcelona.

An affiliate of Amazon.com Inc AMZN.O has agreed to buy a 1.79 billion-rupee ($27.6 million) stake in Indian retailer Shoppers Stop Ltd SHOP.NS, the Indian company said in a filing.

Billionaire Shari Arison has signed a non-binding agreement to bring on board three North American financial institutions to share her controlling interest in Bank Hapoalim POLI.TA, Israel's biggest bank.

China's Shandong Weigao Group Medical Polymer Co Ltd 1066.HK has agreed to acquire US-based and unlisted Argon Medical Devices Holdings Inc for $850 million, as part of its overseas expansion drive.

SAP SAPG.DE, Europe's biggest technology company, has agreed to buy U.S.-Israeli customer identity software company Gigya to strengthen its position in the booming market for online customer relationship marketing, the company said on Sunday.

KKR & Co LP KKR.N has added a small sweetener to its bid for Australia's Pepper Group PEP.AX, caving to a demand from the non-bank lender's biggest shareholder and bringing the deal value to A$682 million ($543 million).

The main listed unit of Chinese technology conglomerate LeEco said on Sunday that it plans to buy investment and financial service assets from an affiliate for up to 3 billion yuan ($455.2 million) as part of a restructuring exercise.

Unilever ULVR.L UNc.AS has agreed to pay 2.27 billion euros ($2.71 billion) to buy fast-growing cosmetics company Carver Korea in its latest move to build a global beauty business.

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Power grids maker ABB ABBN.S is buying General Electric (NYSE:GE)'s GE.N Industrial Solutions business for $2.6 billion in a bet it can improve the division's lacklustre margins over the next five years, the Swiss engineering company said on Monday.

Payments firm Nets NETS.CO welcomed a 33.1 billion Danish crown ($5.3 billion) bid from U.S. firm Hellman & Friedman, marking what could be one of the largest European private equity takeovers in recent years.

France and Italy could reach a deal over the STX France shipyards at a meeting of the two countries' leaders on Wednesday, an official at French President Emmanuel Macron's office said.

Canada's Cenovus Energy Inc CVE.TO has reached an agreement to sell its Suffield oil and gas assets for C$512 million ($416 million) to International Petroleum Corp IPCO.TO, striking its second deal this month as it pushes ahead with its debt reduction plan. U.S. automotive replacement parts distributor Genuine Parts Coaz GPC.N said it would buy European rival Alliance Automotive Group in a deal valued at about $2 billion, including debt.

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