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Deals of the day-Mergers and acquisitions

(Adds Prudential, I Squared Capital, B9 Beverages, Taishin Financial Holding, Brookfield Asset Management, Linx SA; Updates Mediobanca, Blom Bank)

Aug 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: ** British life insurer Prudential said it planned to spin off its U.S. business Jackson to focus on Africa and its largest market Asia, responding to investor pressure for a split.

** Aurubis AG, Europe’s biggest copper producer, is making progress in its talks to sell its flat rolled products division despite the coronavirus crisis, the company said.

** French media group Vivendi has asked to meet top executives at Mediaset to start talks over a possible deal to end a long-running row with the Italian broadcaster, three sources with knowledge of the matter said.

** Italian eyewear tycoon Leonardo Del Vecchio is planning to raise his stake in financial group Mediobanca to 13%-14% after he receives approval from the European Central Bank later this month, two Italian dailies reported.

** Lebanon’s Blom Bank said it was looking to sell its subsidiary Blom Bank Egypt, and that the Egyptian central bank had given approval to begin the due diligence process.

** Shares in Banco BPM surged on expectations that Italy’s third-largest bank could become involved in a possible merger in a new round of consolidation among the country’s banks following Intesa Sanpaolo’s takeover of smaller rival UBI Banca.

** I Squared Capital is planning an auction to sell power firm Energia Group later this year, with the infrastructure fund aiming to secure a valuation of around 2 billion euros ($2.35 billion) including debt, sources familiar with the matter said.

** Hong Kong building services firm Analogue Holdings Ltd said it will sell 2% of New York-based Transel Elevator & Electric, cutting the 51% stake it agreed to buy only a few months ago to 49%, citing U.S. legal advice amid growing tensions between China and the United States.

** India’s B9 Beverages, maker of popular craft beer Bira, is in talks with international brewers and investors to sell a stake of up to 20% in the company, its chief executive told Reuters.

** Bayer moved to acquire a prospective non-hormonal menopause relief for an initial $425 million to strengthen its women’s healthcare business, in a challenge to a similar development venture at Astellas.

** Taiwan’s Taishin Financial Holding Co Ltd has agreed to buy Prudential Financial Inc’s Taiwan unit for T$5.5 billion ($187 million), Taishin said in a statement. [nL4N2CO0Z1}

** The infrastructure arm of Brookfield Asset Management Inc is in talks to buy Blackstone Group Inc’s minority stake in Cheniere Energy Partners, Bloomberg News reported, citing people familiar with the matter.

** Retail software company Linx SA said it is in final talks for a merger with card processor StoneCo Ltd through its Brazilian unit. (Compiled by Arundhati Sarkar and Nivedita Balu in Bengaluru)

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