October 26, 2018 / 10:07 AM / 10 months ago

Deals of the day-Mergers and acquisitions

(Adds Sony Corp, Boeing Co, Delta Air Lines, Continental AG; Updates SQM)

Oct 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** The European Commission said that it had approved Sony Corp’s plan to take full control of EMI Music Publishing, saying the deal would not raise competition concerns.

** Brazil will leave a decision on whether to approve the sale of a controlling stake in planemaker Embraer SA’s commercial jet business to Boeing Co to the next government, Defense Minister Joaquim Silva e Luna told Reuters.

** Delta Air Lines Inc Chief Executive Edward Bastian declined to comment on reports that the No. 2 U.S. carrier is interested in acquiring a stake in Italy’s Alitalia, which was put under special administration last year.

** Thailand’s Minor International has won acceptances for 47.76 percent of NH Hotels Group, Spain’s regulator said, bringing its total stake to 94.14 percent.

** German car parts maker Continental has asked investment banks to pitch for roles in the planned 2019 stock market flotation of its Powertrain unit, people close to the matter said.

** Metro said investors Daniel Kretinsky and Patrik Tkac, who hold option rights which give them control over a 20.59 percent voting stake in the company, intend to influence the composition of the management and supervisory board.

** Italian infrastructure group Atlantia is set to close a landmark deal to take over Spanish toll road operator Abertis by next week, three sources close to the deal said.

** Russia’s Summa Group denied that talks are under way about a sale of its stake in United Grain Company (UGC).

** Chemicals group BASF said it planned to sell its Construction Chemicals unit or find a merger partner for it, as new Chief Executive Martin Brudermueller looks for ways to boost the group’s share price.

** Deutsche Post DHL is selling its supply chain and logistics business in Greater China to S.F. Holding as the two companies enter a 10-year strategic partnership to foster growth in the region.

** Norway’s Statkraft, one of Europe’s largest producers of renewable energy, agreed to acquire eight operational hydropower plants in Brazil’s Espirito Santo state, with a total installed capacity of 131.9 megawatt (MW), the firm said.

** France’s Faurecia has agreed a 141 billion yen ($1.3 billion) deal to buy Japanese car navigation system maker Clarion from Hitachi to strengthen its presence in new auto technologies.

** French prepaid meal voucher and card provider company Edenred said it did not plan to buy a stake in French payments group Ingenico, potentially leaving the field open for bank Natixis to snap up Ingenico.

** China’s Dalian Wanda Group is exploring a partial sale of its Hollywood film studio and the full sale of its sports assets in its latest push to reduce offshore holdings under pressure from Beijing, sources familiar with the matter said.

** Chipmaker Mellanox Technologies Ltd has hired a financial adviser to explore a sale after receiving takeover interest from at least two companies, CNBC reported citing people familiar with the matter.

** Shares of Chile’s SQM rose as much as 2.7 percent, a day after the country’s Constitutional Court rejected a lawsuit to block Tianqi Lithium Corp’s $4.1 billion offer to buy a stake in SQM, the world’s No. 2 lithium producer .

** Chevron Corp has held talks to acquire Pasadena Refining System Inc (PRSI), a Texas oil refining unit of Brazilian state-run oil firm Petroleo Brasileiro SA, three people familiar with the matter said this week. (Compiled by Aakash Jagadeesh Babu and Manogna Maddipatla in Bengaluru)

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