May 13, 2019 / 10:33 AM / 7 days ago

Deals of the day-Mergers and acquisitions

(Adds Beiersdorf, Equinor, WestJet, Vodafone)

May 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Beiersdorf, the maker of Nivea and other skin care brands, is buying U.S. sun care brand Coppertone from Bayer for $550 million to strengthen its position in North America, the German consumer goods firm said.

** Norwegian oil company Equinor has increased its stake in the Caesar Tonga oilfield in the U.S. Gulf of Mexico by buying Royal Dutch Shell’s 22.45% stake for $965 million in cash.

** Canada’s second-biggest carrier, WestJet Airlines Ltd , accepted a C$3.5 billion ($2.6 billion) cash buyout offer from private equity group Onex Corp, sending the carrier’s shares surging 63% in Toronto trading.

** A Chinese businessman has bought a majority stake in Finnish top league football club Helsinki IFK, a move that the former national champions hope will boost their growth ambitions.

** Brazilian airline Azul SA made a new attempt to purchase some of bankrupt airline Avianca Brasil’s most coveted routes, offering $145 million and reversing a decision not to participate.

** ION Investment Group, the owner of data provider Dealogic, on Monday bought a controlling stake in financial news and data firm Acuris, known for its Mergermarket and Debtwire brands, for 1.35 billion pounds ($1.76 billion), including debt.

** Vodafone Group Plc said that it had agreed to sell its New Zealand business for about 2.1 billion euros ($2.36 billion) to a consortium comprising of New Zealand-based Infratil Ltd and Canada’s Brookfield Asset Management .

** Buyout group EQT Partners is putting plans for a sale of outsourcing firm VFS on ice as suitors’ views on valuation were too far away from EQT’s expectations, people close to the matter said.

** Volkswagen truck brand Scania has signed a battery supply deal with Sweden’s Northvolt and is in talks about making an equity investment as part of the startup’s efforts to raise 1.5 billion euros ($1.68 billion), Scania’s head said.

** Euronext NV won approval from Norway’s Ministry of Finance to buy up to 100% of Oslo Bors VPS Holding ASA , effectively ending a five-month battle with Nasdaq Inc for one of the last independent stock market operators in Europe.

** The Competition Authority of Kenya approved a proposed merger between Kenya’s Commercial Bank of Africa and NIC Group , the regulator said.

** Japan Display Inc said that a planned investment of up to 80 billion yen ($729.33 million) from a Chinese-Taiwanese group will be delayed as the investor group wants to reassess the ailing display maker’s business.

** Belgian pharmaceutical ingredients group Fagron NV said it was acquiring Central de Drogas, S.A. de C.V. (Cedrosa) in a 352 million Mexican pesos ($18.39 million) cash deal to expand further its presence in Latin America.

** Financing group Greensill Capital confirmed SoftBank Group Corp’s Vision Fund has invested $800 million in the British company, a vote of confidence in the UK finance sector that has been navigating Brexit challenges.

** Dairy group Fonterra, confirmed the sale of its New Zealand Tip Top ice cream business to UK-based Froneri Ltd for NZ$380 million ($250.3 million), as it looks to trim its portfolio and focus on international markets.

** Italy’s A2A has presented a joint expression of interest together with the Czech Republic’s EPH for the whole of Italian energy company Sorgenia, the A2A chief executive said. (Compiled by Soundarya J and Uday Sampath in Bengaluru)

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