September 17, 2019 / 10:05 AM / a month ago

Deals of the day-Mergers and acquisitions

(Adds Kraft Heinz, EPM)

Sept 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Colombian public services holding company Empresas Publicas de Medellin said it will sell its participation in two Chilean interests for $138 million, part of a plan to increase its liquidity the year after the near collapse of a hydro-electric dam resulted in thousands of evacuations.

** Shares of Kraft Heinz Co fell 4% after the packaged food maker’s second largest investor, 3G Capital, sold over 25 million shares in the open market at a discount.

** Investment company Kinnevik will hand out its 37.2% stake in telecoms operator Millicom to shareholders as it presses on with its strategy to increase its exposure to private Nordic companies.

** Malaysia’s IHH Healthcare Bhd has proposed buying the Prince Court Medical Centre for 1.02 billion ringgit ($244 million) from sovereign wealth fund Khazanah Nasional Bhd.

** The German family-owned investment group Haniel still wants to exit its holding in retailer Metro, the investor said.

** Sony Corp said it was rejecting a call by Daniel Loeb’s activist hedge fund Third Point LLC to spin-off its chips business, saying that the business is “a crucial growth driver” for the Japanese company.

** EU antitrust regulators have cleared E.ON’s proposed purchase of rival Innogy’s network and retail assets, subject to it selling certain business in Germany, the Czech Republic and Hungary.

** Japan’s SoftBank Group Corp has led a $110 million financing round for Brazilian online home goods platform MadeiraMadeira, according to a statement.

** The French government is hoping for improved offers for insolvent airline Aigle Azur and that any offer from Air France will save as many Aigle Azur jobs as possible, junior transport minister Jean-Baptiste Djebbari said.

** South African miner Exxaro Resources Ltd said it acquired the remaining 50% stake in its wind farm joint venture for 1.55 billion rand ($105.56 million) as it looks to expand its energy business.

** The board of Brazil’s MRV Engenharia e Participacoes SA , Latin America’s largest homebuilder, has temporarily interrupted the purchase of Florida-based AHS Residential LLC, it said on Monday, saying it will first hear shareholders’ concerns.

** The Federal Communications Commission on Monday said it voted to approve Nexstar Media Group Inc’s acquisition of Tribune Media Co in a $6.4 billion deal. (Compiled by C Nivedita and Saumya Sibi Joseph in Bengaluru)

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