August 18, 2017 / 10:15 AM / 2 years ago

Deals of the day-Mergers and acquisitions

Aug 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday:

** Yunfeng Financial Group said it would be the main investor in a $1.7 billion acquisition of insurer MassMutual International’s Hong Kong unit - a deal that sent shares in the Jack Ma-backed finance firm soaring as much as 30 percent.

** Elliott Management Corp has quietly ramped up pressure on Energen Corp to explore a sale, according to two people familiar with the matter, as the U.S. oil and gas producer fends off heavy pressure from activist investors to sell itself.

** China’s Guangzhou Automobile Group Co Ltd has no plans to acquire automaker Fiat Chrysler Automobiles (FCA) NV , a company spokesperson said.

** CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft, three people with direct knowledge of the discussions said.

** Buyout firms Carlyle and Southern Capital Group are in talks to sell their majority stake in Solusi Tunas Pratama in a deal that could value the Indonesian telecoms tower operator at about $1 billion, three people familiar with the process said.

** Hellman & Friedman LLC is exploring the sale of a stake in HUB International Ltd in a deal that could value one of the largest North American insurance brokerages at between $6 billion and $7 billion, including debt, people familiar with the matter said.

Compiled by Roopal Verma in Bengaluru

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