April 11, 2019 / 8:08 PM / 6 months ago

Deals of the day-Mergers and acquisitions

(Adds Qatar Airways, Sberbank, Newmont Mining, Campbell Soup Co; Updates National Enquirer)

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

** State-owned Qatar Airways dismissed concerns its 49 percent stake in Air Italy breaches a 2018 aviation agreement between the United States and Qatar, designed to address U.S. concerns that Gulf airlines had an unfair competitive advantage.

** Russia’s largest lender Sberbank is in talks to buy mid-sized food retailer O’Key, six industry sources told Reuters.

** Airport operators from Britain, Germany, France and Denmark filed bids to run and operate Sofia Airport, Bulgaria’s main air hub, in a tender for a 35-year concession, the transport ministry said.

** Newmont Mining shareholders approved the company’s $10 billion takeover of Goldcorp Inc which is set to create the world’s biggest gold producer with assets across the Americas, Africa and Australia.

** Campbell Soup Co is nearing a deal to sell its fresh food unit’s Bolthouse Farms for about $500 million to a group led by the former chief executive officer of the brand, the Wall Street Journal reported.

** Italian investment bank Mediobanca will announce the acquisition of a 66 percent stake in French merchant bank Messier Maris & Associes as it seeks to expand into private banking, a source close to the situation said.

** The United States is scrutinizing state-owned Qatar Airways’ acquisition of a 49 percent stake in Air Italy, which has been flying to U.S. destinations since June in a move seen by U.S. lawmakers as flouting a deal not to add new flights to the domestic market.

** Amazon.com Inc on Wednesday said it had acquired Canvas Technology, a robotics startup in Boulder, Colorado, that has built autonomous carts that can move goods around warehouses.

** Owners of the National Enquirer are in talks to sell the tabloid to the California billionaire Ronald Burkle, the New York Times reported, citing two people with direct knowledge of the negotiations.

** U.S. cybersecurity firm Cofense Inc said that buyout firm Pamplona Capital Management is seeking to sell its stake in the company following a year-long probe by U.S. national security regulators.

** German stock exchange operator Deutsche Boerse AG said that it is in “concrete negotiations” with data provider Refinitiv about the potential acquisition of certain foreign exchange business units.

** Italy top insurer Generali will invest 1 billion euros ($1.13 billion) in the first fund of a new asset manager, the company said.

** Royal Dutch Shell agreed to sell its 22.45 percent stake in the Caesar Tonga field in the Gulf of Mexico for $965 million in cash to a subsidiary of Israeli energy conglomerate Delek Group.

** U.S. stock market operator Nasdaq Inc said it has increased its stake in Norway’s Oslo Bors VPS with a purchase of 844,071 shares in the Norwegian bourse.

** Poland’s PKN Orlen submitted an offer to provide financing for troubled newspaper distributor Ruch, with the intention of taking it over, the state-run oil firm’s chief executive said.

** French lawmakers adopted a government bill aimed at kick-starting a wave of privatizations, including a sale of the state’s stake in airports group ADP, to raise cash for a new innovation fund.

** French energy giant Total has merged its Direct Energie and Total Spring retail subsidiaries to become France’s biggest alternative electricity supplier, as it takes on former monopolies EDF and Engie.

** China’s ENN Ecological Holdings Co said it would scrap a deal to buy Toshiba’s U.S. liquefied natural gas business due to a failure to obtain approvals from shareholders and a U.S. panel that monitors foreign investments.

** Aramco Trading, a subsidiary of Saudi Aramco, has signed an agreement for the supply of Arabian Crude Oil to Poland’s leading refiner, PKN Orlen, in exchange for a similar volume of high sulfur fuel oil from the refiner. (Compiled by Akanksha Rana and Shanti S Nair in Bengaluru)

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