January 24, 2019 / 11:00 AM / 4 months ago

Deals of the day-Mergers and acquisitions

(Adds Access Bank, EDP-Energias de Portugal, Robert Bosch)

Jan 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:

** Russia’s Sberbank, a key shareholder in Croatian food producer and retailer Agrokor, plans to sell its stake in the first half of this year, Interfax quoted a Sberbank executive as saying.

** Japan’s KDDI Corp is considering investing in Kabu.com Securities Co Ltd, two people familiar with the matter said, in what could be the telco’s latest move to expand in finance.

** Alibaba-backed home improvement chain Easyhome will take its new retail arm public via a deal worth up to $5.65 billion with a Chinese state-backed listed retail conglomerate, showed stock exchange statements.

** Amcor Ltd, world’s biggest listed packaging company, pushed the closing date of its takeover of American rival Bemis Co Inc by a quarter, citing regulatory logjam due to the partial U.S. government shutdown.

** Nigeria’s Access Bank aims to complete its 72 billion naira ($235 million) takeover of Diamond Bank by April 1, once it secures shareholder approval.

** There are no signs that China Three Gorges (CTG) is preparing to abandon its 9 billion euro ($10 billion) takeover bid for EDP-Energias de Portugal, an administrator at Portugal’s CMVM securities market regulator said.

** German auto supplier Robert Bosch said on Thursday it had bought out partner Daimler’s stake in EM-Motive GmbH, a joint venture set up to make motors for electric and hybrid cars.

** Kuehne und Nagel International AG is not seeking a mega-merger with Panalpina, the target of a $4 billion-plus approach from Denmark’s DSV, majority shareholder Klaus-Michael Kuehne told the Handelszeitung paper.

** BP said it had invested in Chinese start-up PowerShare, which links electric vehicle drivers to charging points and helps power suppliers balance distribution.

** British Airways owner International Consolidated Airlines Group S.A. said it wouldn’t make a new bid for Norwegian Air Shuttle and would sell its remaining stake in the company, sending shares in the budget carrier sharply lower. (Compiled by Manogna Maddipatla and Soundarya J in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below