December 3, 2019 / 10:56 AM / 4 days ago

Deals of the day-Mergers and acquisitions

(Adds Lufthansa, Standard Life Aberdeen, Crystal Amber, Inmarsat, Varta, Petrobras; updates Centamin)

Dec 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** The Chief Executive Officer of Engie’s Brazilian subsidiary said the French company group wants to acquire the 10% stake still owned by state-controlled oil company Petrobras SA in the natural gas pipeline company TAG.

** German battery maker Varta secured EU antitrust approval to buy U.S rival Energizer’s Varta branded consumer batteries business after pledging to supply its products to wholesalers globally.

** A private equity consortium’s $3.4 billion takeover of British satellite company Inmarsat was approved at a court hearing after hedge fund investors dropped a plan to challenge the value of the deal.

** Activist fund Crystal Amber more than doubled its stake in De La Rue Plc, days after the banknote printer warned of “significant doubt” that it can continue as a going concern and said it would scrap its dividend to tackle mounting debt.

** Asset manager Standard Life Aberdeen said its unit plans to sell an up to 4% stake in India-based HDFC Asset Management Co for as much as 258 million pounds ($331.01 million).

** Lufthansa’s supervisory board approved the sale of the European operations of its airline caterer LSG to Switzerland-based Gategroup, Lufthansa said in a statement.

** A private equity consortium’s $3.4 billion takeover of British satellite company Inmarsat looked likely to go ahead after a group of hedge funds dropped plans to challenge the sale at a hearing on Tuesday.

** Japan’s Astellas Pharma Inc is buying U.S. drugmaker Audentes Therapeutics Inc for about $3 billion in cash, in a high-priced push to make genetic medicines a key area of growth.

** Dutch meal delivery firm Takeaway.com defended its $6.1 billion all-share offer for Just Eat, saying rival cash bidder Prosus was trying to buy the British company “on the cheap”, even though its bid is higher.

** Gold miner Centamin Plc rejected a 1.47 billion pound ($1.9 billion) all-stock takeover proposal from Canada’s Endeavour Mining, saying it did not offer enough value to Centamin shareholders.

** The Norwegian government sold a 14.1% stake in real estate company Entra for 3.4 billion crowns ($371.1 million), the country’s industry ministry said.

** Vingroup JSC, Vietnam’s biggest-listed firm by market value, said it will merge with leading consumer retailer Masan Group Corp to create the country’s biggest retail company. (Compiled by Soundarya J and Sanjana Shivdas in Bengaluru)

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