February 13, 2020 / 10:31 AM / 5 days ago

Deals of the day-Mergers and acquisitions

(Adds Instructure, Galileo Global Education, Boeing and Vodafone)

Feb 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday: ** Spain’s competition watchdog gave a preliminary green light to Swiss exchange operator SIX’s 2.84 billion euro ($3.1 billion) offer for Madrid bourse BME to go ahead. ** Vodafone and Telecom Italia will have to offer concessions if they want to win European Union antitrust approval for their plan to merge their mobile tower infrastructure, people familiar with the matter said. ** Private shareholders in Moscow’s Sheremetyevo airport have exercised a call option to buy the Russian state’s 30.5% stake in the airport, a representative of the Sheremetyevo Holding company told Reuters. ** Brazilian prosecutors have filed an appeal with antitrust agency Cade asking the regulator to reconsider its approval of a deal selling control of Embraer SA’s commercial aviation division to Boeing Co, according to public filings. ** The private equity owner of one of Europe’s largest private education groups, Galileo Global Education, has put the business up for the sale in a deal worth about 2.5 billion euros ($2.72 billion), three sources told Reuters. ** Instructure Inc’s plan to sell itself to Thoma Bravo hit a snag on Thursday when the U.S. educational software company said it had rejected a higher offer from the private equity firm and postponed the vote for shareholders. ** Airbus has teamed up with the Quebec government to buy Bombardier’s 33.5% stake in the A220 passenger jet programme, completing the Canadian firm’s exit from civil aviation and boosting Airbus’s position in a new battleground with Boeing. ** Private equity group CVC Capital Partners is exploring options for German perfume and cosmetics retailer Douglas, three people close to the matter said. ** Ryanair’s chief commercial officer on Thursday denied any interest in buying Air Italy after press reports linking his group to the loss-making airline, which was put into liquidation by its owners earlier this week. ** Noy Infrastructure & Energy Investment Fund has acquired a majority stake in a portfolio of two solar photovoltaic plants, in the Israel-based fund’s first investment in Spain. ** An Australian court approved a A$15 billion ($10.1 billion) merger between a unit of Britain’s Vodafone Group and internet provider TPG Telecom, overruling a regulator and enabling a huge rival to the country’s top telco.

** Caltex Australia Ltd said Canada’s Alimentation Couche-Tard Inc has raised its buyout offer to A$8.80 billion ($5.93 billion), in a final attempt to sway the oil refiner and convenience store firm after interest from Britain’s EG Group.

** Alphabet Inc-owned Google said it has completed its $2.6 billion buyout of privately held big-data analytics firm Looker Data Sciences after winning clearance from Britain’s competition watchdog. ** French electrical equipment group Schneider Electric has agreed to buy Germany’s RIB Software for 1.4 billion euros ($1.5 billion) as it seeks to strengthen its expertise in smart and carbon-free buildings.

** A sale of Thyssenkrupp’s elevator division is currently in focus, the group’s finance chief said, adding an ongoing auction was “very competitive”. (Compiled by Mrinalika Roy and Sanjana Shivdas in Bengaluru)

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