October 10, 2019 / 10:00 AM / 4 days ago

Deals of the day-Mergers and acquisitions

(Adds Royal Dutch Shell, ProSiebenSat.1, Majid Al Futtaim, EWE, Eurohold; updates Unizo Holdings)

Oct 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:

** The number of suitors for a minority stake in EWE has been boiled down to two as the one of the year’s biggest utility deals in Germany edges towards the finishing line, three people close to the matter said.

** Bulgaria’s competition watchdog said it would carry out an in-depth inquiry into Eurohold’s plans to acquire the Bulgarian assets of Czech utility CEZ before deciding on approval of the 335-million-euro deal.

** Royal Dutch Shell, Japan’s Mitsubishi Corp and private equity firm KKR have made the final round in an auction for Dutch utility Eneco, three sources close to the matter said.

** ProSiebenSat.1 Media’s U.S. production business, which includes the maker of crime drama ‘Bosch’, is attracting interest from strategic buyers and the German broadcaster aims for a sale by year-end, sources familiar with the matter said.

** Dubai’s Majid Al Futtaim, which operates the Middle East franchise of French retailer Carrefour, is exploring options for its credit card business including enlisting partners to manage unsecured credit risk, two banking sources told Reuters.

** Japanese hotel chain Unizo Holdings said it had rejected buyout proposals from a “locally renowned” fund as well as U.S. private equity firm Blackstone Group, adding to a list of spurned suitors.

** Australia’s AMP Ltd said it will merge its banking and Australian wealth management units as part of a turnaround plan aimed at making the firm more customer-focused, after an inquiry revealed widespread misconduct.

** UCB has agreed to acquire U.S.-based Ra Pharmaceuticals for $2.1 billion, both companies reported, in a deal that will enable the Belgian drugmaker to offer new treatment opportunities for several rare diseases in neurology and immunology.

** Germany’s PNE AG has agreed to a takeover offer from Morgan Stanley Infrastructure (MSIP) which values the wind energy project developer at 300 million euros ($330 million), it said, drawing criticism from a top shareholder.

** Firlibia Holdings Ltd, a shareholder in Russian homebuilder PIK Group, has sold 2.15% of PIK shares via an accelerated bookbuilding (ABB) at 345 roubles ($5.33) per share, a source close to the deal told Reuters. (Compiled by Trisha Roy in Bengaluru)

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