March 12, 2019 / 11:31 AM / 9 days ago

Deals of the day-Mergers and acquisitions

(Adds Capita, VTB, Saudi Arabia, updates Smith & Nephew)

March 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Smith & Nephew Plc said it would buy U.S.-based regenerative medicine maker Osiris Therapeutics for $660 million, as the British medical products maker looks to bulk up in an area that is quickly growing.

** Australian real estate developer Dexus said that together with an associate property fund it will buy for A$800 million ($565.28 million) the remaining half of Sydney’s MLC Centre that it does not already own.

** Japan’s Fujifilm Holdings Corp will buy a drugmaking business from U.S.-based Biogen Inc for about $890 million to try to bolster its healthcare business as growth at its legacy photocopy operations stagnates.

** Singapore state investor Temasek Holdings agreed to buy about 30 percent of Denmark’s Haldor Topsoe A/S, the companies said, in a transaction that a source said values the engineering firm at around $1.5 billion.

** India’s Bharti Infratel Ltd said mobile carrier and its majority shareholder Bharti Airtel Ltd will lower its direct stake in the telecom tower company by more than a half.

** Intellectual property services provider IPH Ltd offered to buy smaller rival Xenith Ip Group for about A$174.8 million ($123.64 million).

** Spain’s Enagas will pay, as part of a consortium deal, $590 million for a 10.93 percent indirect ownership interest in U.S. energy infrastructure company Tallgrass Energy (TGE), the company said in a statement.

** British outsourcing firm Capita said that Australia’s Corporate Travel Management had made an unsolicited bid for its travel business.

** Russian bank VTB has begun a procedure to hand over to the Russian state property agency its stake in Evrofinance Mosnarbank, a bank hit with U.S. sanctions this week over its dealings with Venezuela, two sources familiar with the deal told Reuters.

** Saudi Arabia has completed six public-private partnership deals in the past two months worth around $3.5 billion, and plans at least 23 more by 2022 despite some delays in its plan to engage the private sector, the head of its privatisation body said. (Compiled by Saumya Sibi Joseph and Soundarya J in Bengaluru)

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