August 22, 2018 / 10:09 AM / in 8 months

Deals of the day-Mergers and acquisitions

(Adds Apple, Comcast, Fiat Chrysler, Bidcorp, Ramsay Health Care, Blackstone, Cesp; updates Daimler)

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

** Apple is set to win unconditional EU antitrust approval for its planned acquisition of British music discovery app Shazam, two people familiar with the matter said.

** Germany’s Daimler is in advanced talks to buy a stake in Heycar, a used-car portal set up last year by its bigger German rival Volkswagen, a spokesman for Volkswagen Financial Services said.

** Comcast Corp said it had received valid acceptances for shares representing just 0.21 percent of Sky Plc after its 14.75 pound per share offer to buy 61 percent of the European broadcaster.

** Fiat Chrysler (FCA) is pressing ahead with the spin- off of its parts maker Magneti Marelli, a spokesman confirmed after reports investment firm KKR was in talks to acquire the unit.

** International food distributor Bid Corporation Ltd (Bidcorp) is finalising an agreement to sell its UK logistics business, moving a step closer to removing a loss-making, non-core asset.

** The French unit of Australian hospital group Ramsay Health Care has approached investors of Sweden’s Capio as it considers bumping up its 661 million Swedish crown ($756 million) bid for the hospital chain, a source close to Ramsay told Reuters.

** Private equity firm Blackstone Group has hired investment banks to study a possible sale or an initial public offering (IPO) of sub-prime auto lender Exeter Finance, sources familiar with the matter said.

** Singapore sovereign wealth fund GIC Pte Ltd and Brazilian investment firm Squadra Investimentos are among groups interested in acquiring Companhia Energética de São Paulo , known as Cesp, a person with knowledge of the matter said.

** Insurer Hartford Financial Services Group Inc said it will buy Navigators Group Inc in a $2.1 billion cash deal to expand its product offerings and geographic reach.

** Australia’s TPG Telecom Ltd is in merger talks with Vodafone’s local business, a tie-up that could reduce competition by combining TPG’s soon-to-be-launched mobile network with the smallest of the three existing players.

** Industrial gases giants Linde and Praxair are in talks to try to salvage their $83 billion merger after U.S. competition regulators demanded they sell assets that generate more than $4.3 billion in sales.

** Australian oil and gas firm Santos Ltd agreed to buy privately held Quadrant Energy for at least $2.15 billion, grabbing what may be the biggest oil find off Western Australia in over two decades.

** Motorbike brand Ducati could be merged with a rival or enter an alliance given a lack of synergy potential with the passenger car businesses at VW, Volkswagen Chief Executive Herbert Diess told German daily Handelsblatt.

** Italy’s state lawyers have found no grounds to void a tender to sell the Ilva steel plant to industry giant ArcelorMittal, two sources familiar with the matter said. (Compiled by Karan Nagarkatti and Tamara Mathias in Bengaluru)

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