September 30, 2019 / 10:13 AM / 21 days ago

Deals of the day-Mergers and acquisitions

(Adds Chrysaor, PayPal Holdings, Brookfield Business Partners, Sazka Group)

Sept 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Independent power producer NextEra Energy Partners LP said it will buy Meade Pipeline Co LLC, a co-owner of the Central Penn Line in Pennsylvania, in a deal valued at about $1.37 billion, including some future capital contributions.

** Sempra Energy said it would sell its Peruvian businesses to a unit of China Yangtze Power Co for $3.59 billion, as part of a planned exit from South America to focus on its core U.S. and Mexican markets.

** Blackstone Group Inc said it would buy U.S. industrial warehouses from real estate and investment management firm Colony Capital Inc in a $5.9 billion deal, to capitalize on the e-commerce boom.

** Westpac Banking Corp, Australia’s second-largest bank, is considering selling its life insurance business, two sources told Reuters, in what could be the last of the Big Four lenders to exit the industry.

** French oil major Total has completed the acquisition of Anadarko’s 26.5% stake in Mozambique’s liquefied natural gas project for $3.9 billion, Total said, in a deal expected to raise much-needed revenue for Mozambique.

** Rare diseases specialist Swedish Orphan Biovitrum (Sobi) said it had agreed to buy Dova Pharmaceuticals in a deal valuing the U.S. firm at up to $915 million.

** Dubai Aerospace Enterprise favours expanding its fleet via a takeover of a rival after the group was unable to agree on a major order from Airbus and Boeing, its chief executive said.

** Swedish infrastructure investor EQT has bought German fibre optic network operator Inexio, in a deal sources familiar with the transaction said was worth around 1 billion euros ($1.1 billion).

** Investment manager Brookfield Business Partners LP , said it will pay $1.3 billion for a 45% stake in industrial services company BrandSafway from private equity firm Clayton, Dubilier & Rice (CD&R).

** North Sea oil producer Chrysaor completed a $2.68 billion acquisition of ConocoPhillips’ British North Sea oil and gas business, cementing the private equity-backed firm’s position as one the basin’s top producers.

** U.S. digital money transfer platform PayPal Holdings Inc has obtained Beijing’s approval to buy a controlling stake in a domestic payments firm, which would make PayPal the first foreign firm to enter China’s payment services market.

** Greece’s capital markets commission approved a bid by Czech-based Sazka Group to take full control of Greek gaming firm OPAP

Compiled by Vibhuti Sharma and Nivedita Balu in Bengaluru

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