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Deals of the day- Mergers and acquisitions
March 7, 2017 / 10:36 AM / in 9 months

Deals of the day- Mergers and acquisitions

(Adds Reliance Capital, Brookfield Asset Management, Nimble Storage, Astoria Financial, Fincantieri; Updates Shawbrook Group)

March 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Sterling Bancorp said it would buy Astoria Financial Corp in an all-stock deal valued at about $2.2 billion to create the sixth-largest regional bank in the New York City area by deposits.

** Hewlett Packard Enterprise Co said it would buy data storage provider Nimble Storage Inc for $1.09 billion in cash, to expand its presence in the fast-growing flash storage business.

** Greece’s second-largest lender National Bank agreed to sell its entire 99.8 percent stake in its South Africa Bank of Athens subsidiary to AFGRI Holdings as part of an EU-approved restructuring plan, the bank said.

** British bank Shawbrook Group Plc said on Friday it has received a joint offer from two private equity firms to buy the lender less than two years since it went public, in a deal worth 825 million pounds ($1 billion).

** Spain’s Santander and Italy’s Intesa Sanpaolo said they had agreed to sell a joint 75 percent stake in mutual fund platform Allfunds Bank for around 1.37 billion euros ($1.45 billion) to funds GIC and Hellman & Friedman.

** Brookfield Asset Management Inc said on Tuesday it would buy one of the two “yieldcos” of bankrupt U.S. solar company SunEdison Inc and take a 51 percent stake in the other, for a total of about $1.41 billion.

** Swedish mutual insurance company Folksam has sold 25.6 million shares in Swedbank, or 2.3 percent of the total Swedbank share capital, for about $622 million, it said late on Monday.

** Tech Mahindra Ltd, India’s fifth-biggest software services exporter, said on Monday, it would buy U.S.-based healthcare IT consulting firm CJS Solutions Group for an enterprise value of $110 million.

** India’s Reliance Capital Ltd has sold a less than 1 percent stake in payments and e-commerce startup One97 Communications to Alibaba Group Holding for 2.75 billion rupees ($41.25 million), a source with direct knowledge of deal said on Tuesday.

** Italian shipbuilding group Fincantieri is moving closer to a deal that would see it buy a stake of below 50 percent in STX France as required by Paris, an Italian source close to the matter said on Tuesday. (Compiled by Akankshita Mukhopadhyay and Arunima Banerjee in Bengaluru)

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