July 3, 2018 / 10:05 AM / 5 months ago

Deals of the day-Mergers and acquisitions

(Adds PSA, CSC ServiceWorks, Transcapitalbank; Updates Societe Generale)

July 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Societe Generale will buy Commerzbank’s derivatives and asset management businesses in a move the French bank said will boost its Lyxor funds division and raise its profile in Germany, the euro zone’s biggest economy.

** U.S. drug contract manufacturer Catalent Inc said it will buy Juniper Pharmaceuticals Inc for $11.50 per share in cash.

** Veon will sell out of Italian mobile network Wind Tre for 2.45 billion euros ($2.85 billion) in an exit from Western Europe the Amsterdam-based firm says will help it cut debt and focus on emerging markets.

** The deal by Kazakh state energy firm KazMunayGaz to sell 51 percent of its Romanian business to Chinese energy giant CEFC has fallen apart, three sources familiar with the talks told Reuters.

** Liver cancer treatment maker Sirtex Medical said Australia’s Foreign Investment Review Board (FIRB) had approved its $1.4 billion buyout by a Chinese consortium, clearing a major hurdle for the deal to go through.

** Qatar’s state-owned Katara Holding is buying full ownership of the iconic Plaza Hotel, including a 75 percent stake from Indian business group Sahara India Pariwar, a source familiar with the deal told Reuters.

** Malaysia’s IHH Healthcare Bhd said it had submitted an enhanced binding offer for Indian hospital chain Fortis Healthcare Ltd.

** Brazil’s state-run oil company Petroleo Brasileiro SA said in a securities filing it suspended some asset sales after a Supreme Court decision ruled privatization processes must be approved by the nation’s Congress.

** CSC ServiceWorks Inc, one of the largest U.S. vendors of coin-operated laundry machines, is exploring a sale that could value the private equity-owned company in excess of $3 billion, including debt, according to people familiar with the matter.

** Carmaker PSA is looking to sell part of the research and development arm of its Opel affiliate as part of efforts to restore profitability to the loss-making unit, Le Monde newspaper reported.

** Three international organizations have sold their stakes in Russia’s Transcapitalbank to management board member Tatiana Orlova, giving her a major stake in one of the country’s top 100 banks, two sources close to the deal told Reuters. (Compiled by Manas Mishra in Bengaluru)

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