August 15, 2019 / 10:33 AM / 2 months ago

Deals of the day-Mergers and acquisitions

(Adds Intact Financial Corp, Vietnam, Revlon, VTB-CQUR, Temasek, Ackman-Berkshire Hathaway, Berkshire Hathaway-Amazon.com)

Aug 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Cosmetics maker Revlon Inc has tapped Goldman Sachs Group Inc to explore options for its business, Bloomberg reported, citing people familiar with the matter.

** Vietnam plans to speed up its privatisation programme by selling stakes in nearly 100 state-owned firms by the end of 2020, including Agribank, the government said.

** Canadian property and casualty insurer Intact Financial Corp said it agreed to buy The Guarantee Co of North America and Frank Cowan Co for C$1 billion ($750.6 million) in cash from Princeton Holdings Ltd.

** VMware Inc and Pivotal Software Inc are negotiating a deal for VMWare to acquire Pivotal, according to a regulatory filing from Dell Technologies Inc on Wednesday, valuing Pivotal, a maker of software development and management tools, at about $4 billion.

** Kenya’s biggest lender by assets KCB Group is confident of sealing its takeover offer of National Bank of Kenya to increase its market share, its chief executive.

** Russian state-controlled bank VTB said it had completed its purchase of a 70% stake in local grain trader Mirogroup, expanding the lender’s diversification into the grain export business.

** Russia’s second biggest bank VTB has acquired a 19% stake in Qatari lender CQUR Bank which was set up early this year, Interfax news agency reported, citing VTB’s quarterly financial report and the Qatari Financial Centre.

** Units of Singapore’s sovereign fund Temasek - Aspen Holdings and Anderton Investments - launched an overnight block trade on Wednesday for 15.6 billion baht ($505.67 million) or 8.02% of its stakes in Thai telco company Intouch Holdings Pcl , according to a term sheet.

** Billionaire U.S. investor William Ackman has long described how Warren Buffett, often called the greatest stock picker ever, has influenced his career. Now he’s paying the Oracle of Omaha the ultimate homage with a new investment in Buffett’s Berkshire Hathaway,.

** Warren Buffett’s Berkshire Hathaway Inc on Wednesday said it boosted its stake in Amazon.com Inc by 11% during the second quarter, as U.S. stock indexes traded near record highs. (Compiled by Aakash Jagadeesh Babu and Dominic Roshan K.L. in Bengaluru)

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