Company News

Deals of the day-Mergers and acquisitions

(Adds Societe Generale, Energizer Holdings, Trade Me Group)

Dec 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Tuesday:

** WM Morrisons shares jumped as traders cited market rumours that the UK supermarket chain could be subject to a takeover approach by U.S. online retail giant Inc .

** French bank Societe Generale said its CGI Finance unit has taken a minority stake in Reezocar, a French startup focused on the second-hand car market.

** U.S. battery maker Energizer Holdings gained EU antitrust approval for its $2-billion bid for Spectrum Brands’ battery and portable lighting business after agreeing to sell a Spectrum unit in Europe.

** New Zealand’s top online marketplace Trade Me Group said it had agreed to be acquired by a British private equity firm for NZ$2.56 billion ($1.76 billion) or NZ$6.45 a share, after it matched a rival offer.

** CVC Capital Partners has launched a bid for Sweden’s Ahlsell just two years after listing it, valuing the construction products and tools distributor at about 24 billion Swedish crowns ($2.65 billion).

** A consortium led by China’s Jin Jiang International said it had made an offer for the entire equity of Radisson Hospitality, valuing the Swedish hotel chain at 7 billion Swedish crowns ($774.3 million).

** Danske Bank’s pension unit Danica has divested the Swedish part of its business to a private equity consortium at about 2.6 billion Swedish crowns ($288 million), the lender said.

** Canadian electric utility Hydro One Ltd and its buyout target, Avista Corp, said they would file a petition, asking the Washington Utilities and Transportation Commission (UTC) to reconsider its order rejecting their merger.

** U.S. private investment firm Castlelake LP has struck a deal to buy a portfolio of about 30 narrowbody planes from AirAsia Group Bhd for a total price of roughly $800 million, people familiar with the transaction said.

** Goldilocks Investment Co, an indirect subsidiary of Abu Dhabi Financial Group (ADFG), has acquired an 18.32 percent stake in Dubai-listed Gulf Navigation Holding, the company said late Monday.

** Goldilocks Investment Co, an indirect subsidiary of Abu Dhabi Financial Group (ADFG), has acquired a 24.5 percent stake in Dubai-listed Takaful Emarat Insurance, it said.

** Russia’s Alfa-Bank denied reports that it might be sold and said that there had been no talks to organize a possible sale of the lender, RIA news agency reported.

** The board of French utility Engie will decide to stick with its 32 percent stake in Suez and will not make any moves to increase that holding or look to gain control of Suez, said a source close to Engie’s board.

** Fertilizer maker Yara may sell its Environmental Solutions business unit as part of a strategic review, a spokesman for the Norwegian company said.

** Italian construction company Salini Impregilo could team up with other Italian partners in its bid for troubled builder Astaldi, the group’s CFO said. (Compiled by Manogna Maddipatla and Vibhuti Sharma in Bengaluru)