June 15, 2018 / 10:07 AM / 5 months ago

Deals of the day-Mergers and acquisitions

(Adds Fortum, Comcast, Vinci, Sprint, CYBG, SandRidge, Companhia Energetica ; Updates LyondellBasell)

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

** China is yet to approve U.S. chipmaker Qualcomm Inc’s proposed $44 billion acquisition of NXP Semiconductors , three people close to the talks said, dismissing an earlier media report that said Beijing had already greenlit the deal.

** AT&T Inc, the No. 2 wireless carrier, on Thursday closed its $85 billion deal to acquire media company Time Warner Inc after U.S. antitrust regulators indicated they would not seek a delay.

** LyondellBasell Industries NV and Odebrecht SA, the controlling owner of petrochemicals producer, Braskem said they have entered into exclusive talks for Lyondell to acquire control of Braskem, and two people familiar with the matter said the companies are planning a cash and shares deal that could top $9 billion.

** SandRidge Energy Inc said it had been approached by 17 potential bidders for a buyout, including billionaire Carl Icahn who is fighting for control of the oil and gas producer’s board.

** Investor Rene Benko’s Signa Holding said it saw great intrinsic value in Austrian furniture and household goods retailer Kika/Leiner, which it agreed to buy from Steinhoff .

** Specialist insurer Life Company Consolidation Group (LCCG) is buying Britain’s oldest mutual life insurance company Equitable Life, the firms said, releasing 1.8 billion pounds ($2.4 billion) to Equitable Life policyholders.

** Construction company Vinci has approached investors to launch a multi-billion-euro bid for part of French airport group Aeroports de Paris (ADP), the largest of President Macron’s planned state sell-offs, four financial sources said.

** Oasis Management has taken stakes in Japanese oil refiners Idemitsu Kosan Co Ltd and Showa Shell Sekiyu , keen to encourage a proposed merger that has been opposed by Idemitsu’s founding family, a person with direct knowledge of the matter said.

** The merger of payments services Vipps, BankID and BankAxept is approved in line with recommendations from Norway’s financial supervisory authority, the finance ministry said late Thursday.

** Activist firm Shareholder Value Management has bought a 2 percent stake in EDP Renovaveis, the renewables business of EDP-Energias de Portugal, which is the target of a takeover bid from China Three Gorges.

** An Italian state-backed investment fund will pay 70 million euros ($81 million) to buy 41.2 percent of Italian fashion house Missoni to help boost sales ahead of a possible bourse listing.

** Wireless companies Sprint Corp and T-Mobile US Inc have informed the Federal Communications Commission that they will formally file an application asking for approval to merge on Monday, according to a document seen by Reuters.

** Brazilian utility Companhia Energetica de Minas Gerais has received far more interest than expected in the sale of its telecommunications assets, attracting 16 groups interested in bidding, a person familiar with the matter told Reuters.

** EU antitrust regulators cleared Finnish utility Fortum’s bid to buy a 46.65 percent stake in German energy group Uniper from E.ON, saying the deal would not hurt competition.

** EU antitrust regulators have given the green light to U.S. cable company Comcast’s plan to acquire European pay-TV group Sky without demanding concessions.

** CYBG is closing in an agreement to buy rival Virgin Money to create a larger bank to take on Britain’s biggest lenders, a source familiar with the matter told Reuters. (Compiled by Nivedita Balu and Arunima Banerjee in Bengaluru)

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