September 5, 2019 / 10:15 AM / 13 days ago

Deals of the day-Mergers and acquisitions

(Adds Alitalia, Enel, Telecom Italia, Exxon Mobil, LyondellBassell, Casino, Rostec, Kone)

Sept 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2015 GMT on Thursday:

** Companies hoping to rescue Italian carrier Alitalia will ask for a deadline for presenting their plan to be extended as they are still negotiating key aspects, two sources familiar with the matter said.

** Europe’s biggest utility Enel has kicked off the sale of its operations in Romania in a process led by French bank BNP Paribas and expected to value the assets at about 1 billion euros ($1.11 billion), sources told Reuters.

** Italy’s competition watchdog said on Thursday it was looking into the acquisition of Telecom Italia’s broadcasting unit Persidera by Italian infrastructure fund F2i.

** Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, marking the U.S. firm’s exit from production in the country after more than a century, three sources familiar with the matter said.

** Chemical and fuel company LyondellBasell Industries said it has signed an memorandum of understanding (MOU) to form a joint venture with China’s Bora Enterprise Group to build a chemical complex in northeast China.

** Czech businessman Daniel Kretinsky and Slovak partner Patrik Tkac’s acquisition of a stake in French retailer Casino has no connection to their investment in Germany’s Metro, a spokesman said.

** Russian conglomerate Rostec has sold its stake in a sanctioned technology company that was embroiled in a scandal over the installation in annexed Crimea of turbines made by Germany’s Siemens SIEGn.DE, Rostec told Reuters.

** Finland’s Kone is considering teaming up with a private equity partner to bid for Thyssenkrupp’s elevator business, three people familiar with the matter said.

** Portuguese utility EDP is expected to put Spain’s Iberdrola, Norway’s Statkraft and Austria’s Verbund on a shortlist of final bidders for its hydro assets, three sources with knowledge of the matter told Reuters.

** U.S. insurer Prudential Financial Inc has agreed to acquire online insurance startup Assurance IQ Inc for $2.35 billion, as it looks to tap into a wider base of consumers who purchase policies online.

** Brazilian homebuilder MRV Engenharia e Participacoes SA will hold a shareholders meeting on Oct. 4 to vote on a proposal to buy a controlling stake in U.S. real estate firm AHS Residential for $220 million to $255 million, a securities filing showed.

** Private equity firm KKR is preparing for a stock market flotation or sale of German defence supplier Hensoldt in a potential 2 billion euro ($2.2 billion) deal, people close to the matter said.

** Italian beverage group Campari said it had signed a deal to buy French rums brands Trois Rivieres and La Mauny, expanding further its premium spirit portfolio.

** Hellman & Friedman and Blackstone Group Inc are selling a 6.2% stake they owned in Scout24 AG to institutional investors, according to two bookrunners handling the deal, months after their failed attempt to buy the German classifieds group.

** Canadian grain company Parrish & Heimbecker Ltd said it has acquired 10 locations of Louis Dreyfus Co, as part of plan to grow its grain supply chain across the country.

** A federal judge reviewing a Justice Department decision to allow U.S. pharmacy chain and benefits manager CVS Health Corp to merge with health insurer Aetna said that the agreement was in fact legal under antitrust law.

** Kidman Resources Ltd said its shareholders voted in favour of conglomerate Wesfarmers Ltd purchase of the lithium miner for about A$776 million ($524.11 million).

** The Dutch market regulator said it would not allow the proposed 130 million euro ($144.8 million) acquisition by postal service company PostNL of its main rival Sandd because it would create a monopoly.

** Czech businessman Daniel Kretinsky and Slovak partner Patrik Tkac have bought a 4.63% stake in debt-laden French retailer Casino, a month after failing to take over Germany’s Metro AG. (Compiled by Arunima Kumar and Arjun Panchadar in Bengaluru)

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