July 18, 2018 / 10:11 AM / 2 years ago

Deals of the day-Mergers and acquisitions

(Adds Paulson, Abraaj, Walt Disney, Alibaba, Sabanci, Aramco, Hellenic Petroleum, Saur)

July 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Paulson and Co, a hedge fund run by activist investor John Paulson, said Detour Gold had received a buyout offer from another gold miner, sending the Canadian company’s shares up 13 percent.

** Several potential buyers have emerged for Middle East buyout firm Abraaj’s investment management business as a revised offer from previous frontrunner Colony Capital was rejected, say sources familiar with the matter.

** Britain’s takeover regulator said that it would review its ruling that Walt Disney might have to acquire UK broadcaster Sky for at least 14 pounds a share.

** Chinese e-commerce giant Alibaba Group Holding Ltd said it has agreed to acquire a minority stake in China’s Focus Media Information Technology Co Ltd to tap into the digital marketing sector.

** Turkey’s Sabanci Group is considering the sale of three of its cement factories, Kayseri, Nigde and Ladik, two sources close to the matter said.

** Saudi Arabia’s government is considering a plan under which Aramco would buy a stake in Saudi petrochemical maker SABIC, a move that could boost the state oil giant’s market valuation ahead of a planned initial public offering.

** Greece has shortlisted Anglo-Swiss Glencore and Swiss Vitol to submit a binding bid for a majority stake in the country’s biggest oil refiner Hellenic Petroleum, its privatisation agency said.

** Shareholders of French water firm Saur will choose a buyer for the group by the end of this month, a spokesman for the company said.

** U.S. building product makers NCI Building Systems Inc and privately-held Ply Gem Parent LLC said on Tuesday they will merge in an all-stock deal, creating a company with an equity valuation of about $2.6 billion.

** China’s iQiyi Inc, often likened to U.S. streaming giant Netflix, has snapped up domestic game maker Skymoons in a deal that could be worth nearly 2 billion yuan ($298.59 million) as it looks to broaden its offerings following a U.S. listing.

** Australia’s Bega Cheese Ltd said it has agreed to buy a dairy processing facility at Koroit in Victoria state from Saputo Inc’s local arm for A$250 million ($184.5 million).

** A joint venture between Brazilian miner Vale SA and utility Companhia Energética de Minas Gerais is considering acquiring an unfinished wind park from Renova Energia SA, three people familiar with the matter told Reuters on Tuesday.

** Rupert Murdoch’s News Corp and Fairfax Media Ltd , Australia’s two top newspaper companies, agreed to share printing presses as shrinking advertising sales prompt a once-unthinkable alliance between the arch rivals.

** Brazilian center-left presidential candidate Ciro Gomes said on Tuesday that he would undo a $4.75 billion joint venture planned by Boeing Co and Brazilian planemaker Embraer SA if he wins this year’s election.

** Brazilian state-run oil company Petroleo Brasileiro SA opened the path to a future sale of its Transpetro SA shipping and pipeline unit via a by-law change approved at a June shareholders’ meeting, a paper reported.

** Brazilian energy company Renova Energia SA is continuing the sale process for its unfinished Alto Sertao III wind farm in the state of Bahia after talks with a unit of Brookfield Asset Management SA fell apart, the firm said on Tuesday, and “various” firms have made non-binding offers.

** China General Nuclear Power Corporation (CGN) has acquired a 75 percent stake in a Swedish wind power project from Australia’s Macquarie Group and GE Energy Financial Services, state news agency Xinhua reported.

** Italian infrastructure fund F2i is in pole position to enter exclusive talks to buy Terra Firma’s solar assets in Italy, one source close to the matter said.

** Turkish private equity company Turkven said that international investors it represents have bought a majority stake in the Turkish packaging company, Elif Holding.

** Sinclair Broadcast Group Inc said it will abandon bids to divest three stations in an effort to win approval for its $3.9 billion acquisition of Tribune Media Co after the Federal Communications Commission chairman said he had “serious concerns about the deal.” (Compiled by Arunima Banerjee and Aakash Jagadeesh Babu in Bengaluru)

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