Deals of the day-Mergers and acquisitions February 4, 2020
February, 18th 2020
The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:
** Intercontinental Exchange Inc, owner of the New York Stock Exchange, has made an offer to buy eBay Inc in a deal that could value the ecommerce company at more than $30 billion, the Wall Street Journal reported.
** Siemens is buying Iberdrola’s stake in Siemens Gamesa renewable energy, the German engineering company said, as it prepares to merge the business with its own energy unit ahead of a floatation later this year.
** Canada’s Bombardier Inc is in talks to sell its business-jet unit to U.S. maker of Cessna jets, Textron Inc , the Wall Street Journal reported, citing people familiar with the matter.
** French cosmetics group L’Oreal said it had started exclusive talks with the French investment holding Impala for the sale of its Roger & Gallet perfume and soap brand.
** Poland’s second-largest lender, Pekao, is currently the main contender to buy Commerzbank’s CBKG.DE Polish arm mBank, as some prospective bidders shy away out of fear of political interference, people close to the matter said.
** Indian Oil Corp, the country’s top refiner, has bought a minority stake in Israel’s Phinergy and signed a joint venture deal to produce metal-air batteries, an alternative to more mainstream lithium technology.
** Spanish lender Abanca is considering acquiring a controlling stake in Portuguese lender Eurobic, in which Angolan billionaire Isabel dos Santos has been trying to sell her 42.5% stake, Abanca Chairman Juan Carlos Escotet said.
** South Korea’s antitrust watchdog has approved Danaher Corp’s proposed $21.4 billion acquisition of General Electric’s biopharma division on condition that they sell certain assets to address monopoly concerns.
** Thailand’s largest retailer Central Group said it is buying Swiss luxury department store Globus and other real estate assets in a joint venture with Austria’s Signa for more than 1 billion Swiss francs ($1.03 billion).
** Dubai-listed National Central Cooling Co (Tabreed) is in advanced talks to buy Emaar Properties’ district cooling business, two sources familiar with the matter said.
** Egypt’s state-owned Banque Misr seeks to offer a stake of up to 45% of it Banque du Caire unit on the Egyptian Stock Exchange during the first half of 2020, its chairman Mohamed Eletreby said.
** Wizz Air’s largest shareholder, U.S.-based private equity firm Indigo Partners, carried out a long-time plan to cut its stake in the company as the Budapest-based low-cost airline works to comply with European Union ownership rules.
** Brazil’s PetroRio SA has acquired a floating oil and gas platform type FPSO OSX-3 for $140 million and 80% of the Tubarão Martelo oil field where the vessel is located, the field’s previous owner Dommo Energia SA said.
** The von Finck family cut its stake in Swiss inspections group SGS, placing a 12.7% stake via an accelerated bookbuilding process, it said on Monday. (Compiled by Bharath Manjesh and Dania Nadeemin Bengaluru)