March 23, 2020 / 10:49 AM / 17 days ago

Deals of the day-Mergers and acquisitions

(Updates Endeavour Mining, UniCredit, Gazprombank; adds Mediaset)

March 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Endeavour Mining said on Monday it will acquire Toronto-listed Semafo in a C$1 billion ($690.7 million) deal to create the biggest gold producer in Burkina Faso, increasing its focus on the country despite rising insecurity.

** Italy’s biggest lender UniCredit has invested 435 million euros ($469 million) to buy a 32.5% stake in the company that owns the real estate assets of supermarket chain Esselunga, two sources close to the matter said on Monday.

** Italy’s top commercial broadcaster Mediaset has raised its stake in ProSiebenSat.1 to just under 20% in a move that could help its plans to create a pan-European TV platform to tackle slow growth and stiffer competition.

** E.ON has struck a partnership deal with Britain’s fast-growing Octopus Energy, as the German utility strives to revamp its UK retail business and shift away from the troubled Npower brand it acquired during the break up of Innogy .

** BlackRock Inc has dropped out of the race to become an investor in Abu Dhabi National Oil Co’s natural gas pipeline assets, two sources familiar with the matter said.

** The British government is planning to buy equity stakes in airlines and other companies affected by the coronavirus pandemic, the Financial Times reported on Saturday.

** Italian financial group Cerved said on Saturday talks to sell its debt collection arm to Europe’s biggest loan recovery firm, Intrum, had fallen through due to the coronavirus outbreak that is wrecking Italy’s economy.

** Global sourcing and logistics group Li & Fung Ltd said it has received an offer worth $931 million to take the company private.

** Russian businessman Albert Avdolyan has reached an agreement to buy a 49% stake in the major Elga coal project in Russia from Russian lender Gazprombank, the bank said in a statement on Monday.

** Hyundai Motor Group’s heir apparent Euisun Chung bought shares in automaker Hyundai Motor and parts affiliate Hyundai Mobis for a combined 19 billion won ($15 million), according to stock exchange filings.

** Louis Vuitton owner LVMH said on Monday it would not buy Tiffany shares <TIF.N on the open market, a move that would have potentially enabled it to pursue its agreement to buy the U.S. jeweller at a lower price than the one agreed last year. (Compiled by Trisha Roy and Shradha Singh in Bengaluru)

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