January 23, 2019 / 11:02 AM / 3 months ago

Deals of the day-Mergers and acquisitions

(Adds DSV, Petroleo Brasileiro SA, Colony Capital Inc, updates Popolare di Bari)

Jan 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

** Apollo Global Management is to buy packaging products maker RPC Group for 3.3 billion pounds ($4.28 billion) in cash after months of negotiations, marking the latest M&A deal for an industry in the midst of a consolidation phase.

** Denmark’s DSV, whose tentative $4 billion bid for Swiss shipper Panalpina would be its largest takeover, will seek additional billion-dollar deals regardless of this offer’s fate, Chief Executive Jens Bjorn Andersen said.

** Johnson & Johnson is pursuing an acquisition of surgical robotics firm Auris Health Inc, Bloomberg reported, citing people with knowledge of the matter.

** Japan’s ANA Holdings Inc said it is in talks with Philippine Airlines Inc’s parent company PAL Holdings about making an investment but it had not yet made a “concrete decision”.

** Shares in Japan Display jumped 11 percent after a report said the smartphone screen maker was in talks for funding from Taiwan’s TPK Holding Co and China’s Silk Road Fund in exchange for a stake of around 30 percent.

** Australian Pharmaceutical Industries Ltd (API) said it was expected to start due diligence on its A$727 million ($518.6 million) offer for pharmacy operator Sigma Healthcare Ltd soon.

** Singapore’s Golden Investments said that it will seek a board position at Australia’s Stanmore Coal Ltd as its biggest shareholder, despite the failure of a A$240 million ($171 million) takeover bid.

** Philippine Airlines Inc is closing in on selling a minority stake to a foreign strategic investor, with a deal likely to be sealed in the first half of this year, its president said.

** Popolare di Bari is studying a possible tie-up with other local mutual banks, two sources said, as the Rome government said it was keeping an eye on the situation at the troubled southern Italian lender.

** Petroleo Brasileiro SA has rejected the most recent bid by an EIG Global Energy Partners-backed firm to purchase a pair of shallow-water oil clusters, two sources with direct knowledge of the matter said, potentially derailing a major divestment late in the process.

** U.S. investment group Colony Capital Inc agreed to buy Dubai-based Abraaj Group’s private equity business in Latin America, the companies said

** French state-controlled power utility EDF has bought a 49 percent stake for an undisclosed amount in African company Conergies Group.

** Polish clothing retailer CCC has held “intensive” talks with shoemaker Leder & Schuh Group about buying the Austrian company but the two sides failed to agree on a purchase price, Austrian newspaper Der Standard reports.

** Heidelberger Druckmaschinen said that it had signed an investment agreement with Chinese company Masterwork , which would acquire a 8.5 stake after a cash capital increase.

** The Egyptian Exchange cancelled all transactions made the previous day in local firms Sixth of October Development and Investment Company (SODIC) and Madinet Nasr for Housing and Development (MNHD).

** A setback for Danish energy group Orsted’s plans to sell its domestic power network and private customer businesses will not derail its global expansion drive, the company’s head of offshore wind said.

** Spanish telecommunications company Masmovil is not interested in buying domestic competitor Euskaltel , CEO Meinrad Spenger said, adding the company prefers to focus on organic growth.

** The rail divisions of Siemens and Alstom are world champions and are both able to compete in the market, the European Union’s Competition Commissioner Margrethe Vestager told Die Zeit newspaper, signalling scepticism over a planned merger of their rail businesses.

** Commodities broker Marex Spectron said it has agreed to acquire Dublin-based Energy Broking Ireland Ltd (EBI), in a deal expected to be completed in February.

** Family-owned Austrian shoemaker Leder & Schuh Group denied a media report that it had held talks with Polish clothing retailer CCC about a possible takeover by its bigger rival. (Compiled by Manogna Maddipatla and Soundarya J in Bengaluru)

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