December 18, 2019 / 11:01 AM / 5 months ago

Deals of the day-Mergers and acquisitions

(Adds Nvidia, La Poste, Providence Equity Partners, Sun Life Financial, Danaher ; Updates Capgemini)

Dec 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

** U.S. chipmaker Nvidia is set to win unconditional EU antitrust approval for its $6.8 billion acquisition of Mellanox Technologies, people familiar with the matter said on Wednesday.

** The banking arm of French mail operator La Poste is exploring a bid for HSBC France’s retail activities as part of its diversification efforts, sources with knowledge of the matter told Reuters.

** U.S. investment firm Providence Equity Partners has acquired a majority stake in privately-held Finnish adtech startup Smartly.io in a 200 million euro ($220 million) deal, the companies said in a joint statement.

** Sun Life Financial Inc said on Wednesday it will buy an 80% stake in infrastructure and real estate investment manager InfraRed Capital Partners to expand its asset management unit.

** U.S. medical equipment maker Danaher secured conditional EU approval on Wednesday for its $21.4 billion bid for General Electric’s GE.N biopharma business after agreeing to sell five businesses to address competition concerns.

** French software consultancy firm Capgemini encouraged Altran investors to tender their shares by January 22, the new closing date for its friendly offer set Wednesday by market regulator AMF after judges ruled against delaying the closure of the offer.

** Fiat Chrysler and Peugeot maker PSA have struck a binding deal to create the world’s fourth biggest carmaker, and now face the challenge of winning over regulators and delivering on a pledge to slash costs without closing factories.

** Dubai Islamic Bank (DIB), the United Arab Emirates’ largest sharia-compliant bank, said it had received shareholder approval for the acquisition of unlisted Dubai-based Noor Bank.

** Japan’s Hitachi Ltd said it would sell its listed chemicals unit and diagnostic imaging business in a deal totalling 673 billion yen ($6.2 billion), as the Japanese industrial conglomerate overhauls its business portfolio.

** Sweden’s Volvo AB will sell its Japan-based UD Trucks business to Isuzu Motors in a deal worth around $2.3 billion, exiting a low-margin business and boosting its cash pile as competition for high-tech trucking heats up.

** The Federal Trade Commission has filed a complaint aimed at stopping Illumina Inc from purchasing Pacific Biosciences of California, the agency said on Tuesday.

** Private equity firm Advent International Corp said on Tuesday it had bought Brazilian auto parts retailer Rondobras, with 54 stores, its latest such acquisition in Latin America’s largest economy.

** South Korean budget airline Jeju Air Co Ltd signed a preliminary deal to buy a 51% stake in unlisted low-cost carrier Eastar Jet Co for about 69.5 billion won ($58.93 million), Jeju Air and its parent AK Holdings said.

** Britain’s Pearson is selling its 25% stake in Penguin Random House to German partner Bertelsmann, ending a near 50-year association with consumer publishing to focus solely on education.

** Israel’s Arko Holdings said its subsidiary GPM is acquiring Empire Petroleum Partners’ fuel distribution activities in the United States for $400 million.

** Endeavour Mining will not share information vital to assessing its value until an extension to a deadline for making an offer for Centamin is agreed, London-listed Centamin said.

** The majority of Thyssenkrupp’s management board is leaning towards a sale of its 15 billion euro ($16.5 billion) elevator division, two people familiar with the matter said, citing the conglomerate’s weakened balance sheet.

** Brazilian pharmaceutical company Hypera SA said it has agreed to buy Boehringer Ingelheim’s Buscopan brand and other assets for 1.3 bln reais ($319 million). (Compiled by Trisha Roy and Manojna Maddipatla in Bengaluru)

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