September 4, 2019 / 10:19 AM / 3 months ago

Deals of the day-Mergers and acquisitions

(Adds EBRD, E.ON, Schlumberger, Novelis, updates Mediaset)

Sept 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** The U.S. Justice Department filed a lawsuit aimed at stopping Novelis Inc’s proposed purchase of Aleris Corp because of concern over higher prices for aluminum sheet used to make cars.

** Schlumberger NV’s newly-appointed Chief Executive Officer Olivier Le Peuch outlined his vision for the world’s largest oilfield services company, vowing to exit unprofitable businesses, restructure some units and focus on returns.

** German utility E.ON said it would seek to squeeze out minority shareholders in takeover target Innogy as soon as it secures European antitrust approval for the deal.

** Shareholders in Italian broadcaster Mediaset backed a plan to create a pan-European media group under a new Dutch holding, fending off opposition from its second biggest shareholder Vivendi.

** The European Bank for Reconstruction and Development (EBRD) is ready to help further consolidation in the Polish banking sector by buying minority stakes in merging banks, the EBRD’s regional president said.

** Private equity investor Lindsay Goldberg has agreed to buy Bilcare Research, in a deal valuing the Swiss pharma packaging group at 250-300 million euros ($279-334 mln), including debt, two people close to the matter said.

** Antin Infrastructure Partners has hired investment banks to kick-start a potential $1.5 billion-plus sale of one of Britain’s biggest gas pipelines, banking sources and an executive at a subsidiary of the buyout fund said.

** Investment manager Miton agreed to merge with larger rival Premier Asset Management Group Plc in an all-share deal, in which Miton shareholders will receive 0.30186 Premier shares in exchange for each Miton share. ** Abu Dhabi National Oil Co (ADNOC) said it signed a $600 million pipeline infrastructure investment agreement with Singapore’s sovereign wealth fund GIC. ** Russia’s VTB Bank expects to receive about 17% of Rostelecom as part of a deal to sell its stake in Tele2 Russia to the state-controlled telecoms group, VTB Chief Executive Andrey Kostin said. (Compiled by Arunima Kumar in Bengaluru)

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