September 18, 2019 / 10:02 AM / 2 months ago

Deals of the day-Mergers and acquisitions

(Adds Coca-Cola)

Sept 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Coca-Cola HBC, which bottles Coca-Cola products in Europe, has agreed to buy Italian mineral water maker and sparkling beverage company Lurisia in a deal worth 88 million euros ($97 million), it said.

** India’s government is open to selling a partial stake in debt-laden state-run carrier Air India to a foreign airline, people familiar with the matter said.

** Orsted has agreed to sell its Danish power distribution and retail businesses to energy firm SEAS-NVE for 21.3 billion Danish crowns ($3.15 billion) on a cash and debt-free basis, the Danish utility said.

** Eddie Stobart Logistics Plc said on Wednesday it had received a “highly preliminary” expression of interest from TVFC Ltd, a company controlled by Stobart Group’s former boss Andrew Tinkler.

** Australia’s coalition government will face its biggest test toward investment from mainland China since its May re-election with at least two corporate buyouts likely needing approval from a regulatory body increasingly vigilant of security risks.

** Oil major Exxon Mobil Corp said it was looking to sell its 50% stake in the Gippsland Basin oil and gas development in Australia’s Bass Strait as part of a broader review of its portfolio of assets around the world.

** Nissan Motor Co Ltd is looking to sell its vehicle parts and materials distribution business in a deal that may be valued at about $1 billion, Bloomberg reported, as the struggling Japanese automaker seeks to slim down.

** National Bank (NBG) plans to sell four portfolios of non-performing loans this year, bankers close to the process said, as Greece’s recovering economy allows its major banks to focus on balance sheet repair after a 10-year debt crisis.

** Britain will investigate the national security impact of the purchase of defence company Cobham by U.S. private equity firm Advent International, potentially delaying or even blocking the $5 billion deal. (Compiled by C Nivedita in Bengaluru)

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