September 11, 2019 / 1:04 PM / 3 months ago

Deals of the day-Mergers and acquisitions

(Adds Distell Group, HSBC, Michelin)

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

** Italy’s ruling 5-Star Movement will monitor closely a bid by Hong Kong Exchange for the London Stock Exchange to ensure it does not hurt Italian interests, it said.

** The Italian government should consider using its special powers to safeguard the country’s stock exchange in case a bid from Hong Kong Exchange on the London Stock Exchange goes through, a League party’s lawmaker said.

** HSBC is planning to exit its French retail banking business under interim chief executive Noel Quinn, the Wall Street Journal reported, citing people familiar with the matter.

** South Africa’s Competition Tribunal said it was looking into allegations by South African alcoholic drinks firm Distell Group that the entity formed from the 2016 merger of the world’s largest brewer Anheuser-Busch InBev with SABMiller breached merger conditions.

** German automotive supplier Continental and France’s Michelin plan a joint venture related to tyre production, according to a list of mergers under review published by the German antitrust authority.

** The Bratislava Stock Exchange is not in talks about a takeover by the Warsaw bourse, its top shareholder said, denying a Polish media report.

** Singapore state investor Temasek Holdings and buyout firm KKR are among the suitors who have advanced to the second round of an auction to buy into the hospital unit of Metro Pacific Investments Corp, sources told Reuters.

** SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power ahead of archrival Gojek, people familiar with the matter said.

** Carrefour denied it was examining a potential bid for debt-laden Casino, after BFM TV reported the French retailer was weighing up an all-share offer for its rival.

** Martin Sorrell said his new digital advertising company S4 Capital was increasingly being asked to bid for major corporate accounts, keeping it on track to double the size of the company by 2021.

** A consortium led by South Korea’s Mirae Asset Global Investments said it agreed to buy 15 hotels in the United States from Chinese troubled insurer Anbang Insurance Group . (Compiled by Manojna Maddipatla and Bharath Manjesh in Bengaluru)

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