June 24, 2019 / 10:23 AM / 9 months ago

Deals of the day-Mergers and acquisitions

(Adds E.ON, Blackstone Group, H2O, Royal Dutch Shell, Centene, Adco, Caixa Economica Federal; Updates Bristol-Myers Squibb)

June 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** German energy group E.ON has offered to sell parts of its Hungarian electricity business to address EU antitrust concerns over its bid for rival Innogy’s network and retail assets, its chief executive officer said.

** H2O, one of French bank Natixis’ asset management businesses, has sold off some illiquid assets and removed entry fees across its funds as it tries to stem outflows of customer money.

** Blackstone Group LP has agreed to sell U.S. consumer finance company Lendmark Financial Services LLC to fellow private equity firm Lightyear Capital LLC for about $600 million excluding debt, people familiar with the matter said.

** A domestic consortium set up by Royal Dutch Shell and pension fund manager PGGM has taken a bigger lead in the race for Dutch energy company Eneco as two other contenders have dropped out, sources close to the matter said.

** Shareholders of Centene Corp and WellCare Health Plans Inc voted in favor of a merger of the health insurers, setting the stage for the creation of a major new player in government-sponsored healthcare plans.

** German bank NordLB will consider selling or fully integrating its property lending division Deutsche Hypo, according to documents detailing rescue plans for the German bank seen by Reuters.

** Bristol-Myers Squibb Co offered to divest Celgene Corp’s psoriasis treatment Otezla to allay concerns raised by U.S. antitrust regulators, and pushed back the closing of their $74 billion deal.

** Brazilian state bank Caixa Economica Federal is mulling the sale of its stakes in mid-sized lender Banco Pan SA and insurance broker Wiz Solucoes e Corretagem de Seguros SA, its chief executive officer said, as it seeks to streamline operations.

** German portaloo firm Adco, known for its Dixi and Toi Toi brands, is up for sale with four private equity groups in the last round of bidding for the 700-800 million euro ($796 million) firm, people close to the matter said.

** French business consultancy firm Capgemini said it agreed to buy engineering and digital services company Altran for 3.6 billion euros ($4.10 billion)to tap into the fast-growing engineering outsourcing services market.

** Eldorado Resorts Inc has agreed to buy Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on competition from larger companies such as Las Vegas Sands and Wynn Resorts.

** Del Frisco’s Restaurant Group Inc said it agreed to be bought by private equity firm L Catterton for $267.3 million, ending a six-month-long battle with its third largest investor which has been pushing for a sale.

** Nostrum Oil & Gas Plc said it started a review of its business, which could include a potential sale of the Kazakhstan-focussed oil firm.

** EP Global Commerce, an acquisition vehicle owned by Czech and Slovak investors, has exercised a call option to buy another 5.4% stake in German retailer Metro from Ceconomy , the consumer electronics company said.

** Carrefour, which has been in China since 1995, said in a statement it had agreed to sell 80% of its Chinese operations to electronics retailer Suning.com for 620 million euros ($705 million) in cash. (Compiled by Debroop Roy and Bharath Manjesh in Bengaluru)

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