January 10, 2019 / 11:13 AM / 3 months ago

Deals of the day-Mergers and acquisitions

(Adds Teleology Holding, UniCredit, Siemens, Flybe Group)

Jan 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Thursday: ** Defense contractor Textron Systems said it bought Howe & Howe Technologies Inc, maker of military-grade ground vehicles, to expand its unmanned capabilities portfolio. ** Shareholders at Italian cooperative lender ICCREA Banca approved a 250 million euro ($288 million) share sale, it said, as it works on a merger that will turn ICCREA into the country’s fourth largest bank by assets. ** U.S. technology giant Amazon has acquired cloud computing firm CloudEndure, the Israeli company said. ** London-based fintech company Meniga is buying Sweden-based peer Wrapp for an undisclosed amount as it eyes growth in the Nordic region, it said. ** Switzerland’s Clariant has begun the sale of its pigments business as part of wider streamlining which will be completed by the end of 2020, sources said.

** Mexican petrochemical company Alpek, a unit of conglomerate Alfa, said on Wednesday it had agreed to purchase a PET recycling plant in Richmond, Indiana from Perpetual Recycling Solutions, LLC. ** Teleology Holding, a company led by former MTN Group executive Adrian Wood, has pulled out of Nigeria’s 9mobile just weeks after its $301 million takeover of the firm with a group of local investors, two people familiar with the matter said. ** Italy’s biggest bank UniCredit might consider buying Banca Carige if such a deal came with state financial support, two sources close to the matter said. ** Industrial groups Siemens and Alstom are discussing additional divestments with the European Commission to win approval for their plan to create a joint Franco-German rail champion, sources told Reuters. ** British regional airline Flybe Group Plc is close to being taken over by a consortium led by Richard Branson’s Virgin Atlantic, Sky News reported. (Compiled by Vibhuti Sharma and Manogna Maddipatla in Bengaluru)

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