November 21, 2018 / 10:02 AM / 6 months ago

Deals of the day-Mergers and acquisitions

(Adds Lonmin, GameStop, Altice Europe, Lumenis)

Nov 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

** Altice Europe’s founder and majority owner Patrick Drahi said he is open to the idea of selling a stake in his cable network in France.

** Videogame retailer GameStop Corp said it will sell its Spring Mobile business to Prime Communications LP for $700 million.

** South Africa’s Competition Tribunal approved Sibanye-Stillwater’s takeover of troubled platinum producer Lonmin, but imposed a six-month moratorium on job cuts.

** Private equity fund XIO is set to sell Israeli medical device and equipment company Lumenis to the UK’s CVC Capital Partners for nearly $1 billion, Israeli financial news websites reported.

** Kuwait Projects Co, the Gulf state’s largest investment company, has hired Goldman Sachs to advise it on the sale of its majority stake in pay-television operator OSN, sources familiar with the matter told Reuters.

** New Zealand’s online marketplace pioneer Trade Me Group Ltd received a NZ$2.54 billion ($1.73 billion) takeover bid from British private equity firm Apax Partners LLP. (Compiled by Mary Ann Alapatt and Debroop Roy in Bengaluru)

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