October 3, 2018 / 11:10 AM / 2 months ago

Deals of the day-Mergers and acquisitions

(Adds Altice Europe, Exxaro, Louis Dreyfus)

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

** Canadian oil and gas producer Husky Energy Inc said it had formally offered to acquire all the outstanding common shares of MEG Energy Corp.

** Shopping Centres Australasia Property Group Re Ltd will acquire 10 shopping centres across the country for a combined purchase price of A$573 million ($412 million) from Vicinity Centres.

** New Zealand’s Steel & Tube Holdings Ltd rebuffed a takeover offer from Fletcher Building Ltd, saying it significantly undervalued the company and would take time to clear regulatory hurdles.

** French telecoms group Iliad said it paid 1.19 billion euros ($1.4 billion) to buy 5G mobile phone frequencies for Italy, a market it entered this year as it grappled with tougher competition in France.

** Myer Holdings Ltd’s biggest shareholder has asked the Australian department store chain for a full list of its owners, stoking speculation that a takeover or board spill was in the offing.

** Russia’s second biggest oil producer, Lukoil, has put on hold its plans to sell trading arm Litasco due to sanctions, Lukoil Chief Executive Officer Vagit Alekperov was cited by business daily Vedomosti as saying.

** Exhibition organiser ITE said it would buy Mining Indaba, the world’s largest mining investment conference, from Euromoney, but added that the fall in the Russian rouble, Brazilian real and Turkish lira would hurt 2019 results.

** Marathon Oil has launched the sale of its British North Sea oil and gas fields, a document seen by Reuters showed, the latest U.S. firm to retreat from the basin to focus on onshore shale production at home.

** Debt-laden telecoms and cable group Altice Europe has received about ten bids to buy part of its French fibre broadband business, two sources close to the matter said

** South Africa’s Aveng will sell its rail business for 133 million rand ($9 million) to investment company Mathupha Capital, the construction firm said.

** British broadcaster ITV said it would not bid for Endemol Shine, the Netherlands-based production company put on the block by owners private equity firm Apollo and Twenty-First Century Fox.

** General Electric Co’s unit Baker Hughes is preparing an offer for a production-sharing deal with Brazil’s Petrobras, a Baker Hughes executive said, as the state-run oil company seeks creative ways to boost output from mature fields.

** Exxon Mobil Corp is exploring the sale of many of its U.S. Gulf of Mexico assets, as higher prices prompt the world’s largest publicly traded oil company to review its portfolio, people familiar with the matter said.

** Manchester Airports Group (MAG) announced it plans to bid for a 35-year concession to operate Sofia Airport, Bulgaria’s biggest hub.

** The Tunisian subsidiary of Qatar’s Majda Group has won a deal to acquire the Tunisian state’s stake of the Zitouna Islamic Bank, worth about 130 million dollars, an official told Reuters.

** Goldman Sachs has raised its stake in Spanish supermarket chain DIA to 15.8 percent from 14.5 percent, a regulatory filing showed shortly after the discounter’s main shareholder disclosed it had raised its own holding close to the legal threshold for a full takeover bid.

** Trade Bank of Iraq (TBI) is in talks to buy a Gulf bank with branches in the United Arab Emirates and Qatar as part of a strategy to boost revenues outside its home market, its chairman said.

** British specialty chemicals company Elementis said that its investors approved its deal to buy Amsterdam-based Mondo Minerals, after initial criticism had forced it to slash the offer price by $100 million.

** U.S. miner Peabody Energy Corp is in discussions to buy Colombia’s top coal exporter Drummond International Llc, The Wall Street Journal reported, citing people familiar with the matter.

** South African miner Exxaro is interested in South32’s local coal assets, which include an export quota, as it looks to increase its exports, Exxaro’s chief executive officer said.

** Brazil’s antitrust regulator Cade has given the green light to a joint venture between French commodities trader Louis Dreyfus Co and Brazilian soy processor and exporter Amaggi, the country’s federal register showed (Compiled by Shanti S Nair and Soundarya J in Bengaluru)

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