Company News

Deals of the day-Mergers and acquisitions

(Adds Intesa, easyJet, updates Facebook, Zijin Mining, Bitauto)

June 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Italy’s insurance regulator IVASS is set to rule early next week on the takeover offer by Intesa Sanpaolo for rival UBI, a source with knowledge of the matter said.

** Facebook’s acquisition of popular GIF website Giphy is being scrutinized by the United Kingdom’s competition watchdog for possibly reducing competition.

** The family of budget airline easyJet founder Stelios Haji-Ioannou sold a small stake in the company, a regulatory filing showed, after he last month failed in his bid to oust the airline’s top three bosses.

** China’s Zijin Mining, said it would acquire Guyana Goldfields for C$323 million, bringing an end to a protracted takeover battle for the Canada-listed gold miner.

** Chinese car comparison website Bitauto Holdings Ltd agreed to be taken private by an investor group backed by gaming and social media firm Tencent Holdings Ltd for $1.1 billion in cash.

** Mahindra & Mahindra plans to give up control of struggling South Korean unit SsangYong Motor, the Indian automaker’s managing director said on Friday, as it looks to exit loss-making ventures amid the coronavirus pandemic.

** Four private equity groups including Warburg Pincus and Bain Capital are lining up bids for a slice of Italian toll-road payment business Telepass ahead of a June 30 deadline, three sources told Reuters.

** EU antitrust regulators have set a July 16 deadline for a decision on whether to clear French TGV high-speed train maker Alstom’s bid for Bombardier Inc’s rail division, according to a filing on the European Commission website.

** State-owned Bulgarian Development Bank will take a stake of up to 19% in First Investment Bank (Fibank), which is raising money to cover a capital shortfall found by the European Central bank last year, the finance minister said on Friday.

** Dutch food supplements maker DSM said it had agreed to buy most of the operations of animal feed additives maker Erber Group for 980 million euros ($1.1 billion).

** Activist hedge fund Jana Partners disclosed a new stake in Perspecta Inc, which provides information technology services to government customers, and said it will speak with executives about changes that could lead to a merger or sale. (Compiled by Abhishek Manikandan and C Nivedita)