April 15, 2019 / 10:14 AM / 4 months ago

Deals of the day-Mergers and acquisitions

(Adds Credit Suisse, Vivendi; Updates Lundin Mining)

April 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** France’s Vivendi said it was forging ahead with the planned sale of up to 50 percent of its Universal Music Group (UMG), as the iconic division boosted the media conglomerate’s quarterly revenue.

** Credit Suisse has agreed to take majority control of Chinese securities venture Credit Suisse Founder Securities Ltd (CSFS), boosting its stake to 51 percent from 33.3 percent via a capital injection.

** Waste Management Inc said it would buy smaller rival Advanced Disposal Services Inc for about $3 billion, as the top waste management services provider looks to expand its footprint in the eastern United States.

** Digital printing company Electronics For Imaging Inc said private equity firm Siris Capital Group LLC would buy the company for about $1.6 billion in cash.

** The biggest shareholder in South Korean oil refiner Hyundai Oilbank said that state-owned Saudi Aramco had agreed to buy a 17 percent stake in its oil processing operations for 1.4 trillion won ($1.24 billion).

** Lundin Mining Corp said it would acquire a Brazilian gold-copper mine of Yamana Gold Inc for more than $1 billion, helping to boost its base metals production after a failed acquisition attempt last year.

** Catalent Inc said it would buy privately held gene therapy-focused Paragon Bioservices Inc in an all-cash deal for $1.2 billion, helping the drug developer expand its capabilities to make specialized and costly treatments.

** The top shareholder of South Korea’s second-largest carrier, Asiana Airlines, said it would sell its entire stake in the debt-ridden firm to keep it afloat.

** Belgian metals and mining company Nyrstar NV’s major shareholder Trafigura Group is set to take control of the company as part of a recapitalization plan, Nyrstar said.

** Ireland’s first real estate investment trust, Green REIT, which has property assets of 1.5 billion euros ($1.7 billion), is putting itself up for sale in a bid to “maximize value for shareholders”.

** Malaysian state-owned oil and gas firm Petronas said it had acquired a Singapore-based solar energy company as part of a strategy to move into renewable energy, chasing high-growth business to complement its mainstay operations.

** Swiss insurer Baloise Holding AG said it is acquiring the Belgian insurer Fidea NV for 480 million euros ($543 million) from China’s Anbang Insurance Group to boost its position in the Belgian non-life and life insurance market.

** British wealth manager Brewin Dolphin Holding Plc said on Sunday it is in talks to acquire Investec PLC’s wealth management business in Ireland.

Reporting by Sayanti Chakraborty and Sanjana Shivdas in Bengaluru

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