June 22, 2020 / 10:04 AM / 21 days ago

Deals of the day-Mergers and acquisitions

(Adding Refinitiv, Eurobank, Hikma Pharmaceuticals)

June 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Boehringer Ingelheim, a major shareholder in Hikma Pharmaceuticals, is exiting the London-listed drugmaker by selling most of its nearly one billion pound stake to institutional investors and the rest back to the company, Hikma said.

** Eurobank’s loan servicing unit FPS, which is being bought by Italian debt recovery firm doValue, will be renamed doValue-Greece, Eurobank said.

** European Union antitrust regulators warned about the possible anti-competitive effects of the London Stock Exchange’s $27 billion bid for data and analytics company Refinitiv as they launched a four-month investigation into the deal.

** Australian copper miner OZ Minerals said it would buy base metals explorer Cassini Resources, raising its stake in Australia’s largest undeveloped nickel-copper deposit, West Musgrave, to complete control from 70%.

** Virgin Australia Holdings Ltd’s administrator said that it had received final offers for Australia’s second-biggest airline from Bain Capital and Cyrus Capital Partners and that it hoped to select a preferred bidder by June 30.

** French group Mediawan announced on Monday a raft of deals, including the acquisition of Lagardere Studios, as part of a broader expansion laid out by its founders, who will also establish a new holding company for the business.

** Japanese power generator said it has agreed with France’s state-owned investment firm ADEME Investissement and French floating wind technology supplier Ideol on key terms for forming a joint venture to develop floating offshore wind farms.

** South Africa’s Omnia Holdings said it is in talks to sell its Oro Agri division as part of the chemicals and fertiliser maker’s turnaround and restructuring plans.

** Mining and metals company Eramet has put its steel unit Aubert & Duval up for sale, and the sale could attract French aerospace group Safran, French paper La Tribune reported on its website.

** Japan’s Toshiba Corp said it planned to sell its 40.2% stake in flash memory chips firm Kioxia Holdings and will return a majority of the net proceeds to shareholders.

Compiled by Shreyasee Raj and Ayanti Bera in Bengaluru

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