November 13, 2019 / 10:36 AM / 23 days ago

Deals of the day-Mergers and acquisitions

Nov 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

** German classifieds group Scout24 is pushing towards the conclusion of a sale process for cars division AutoScout24, Chief Executive Tobias Hartmann said, ahead of an update to investors at a capital markets day on Nov. 26.

** Deutsche Telekom is keen to float or find a partner for its mobile towers assets, Chief Executive Tim Hoettges said, lavishing praise on Spain’s Cellnex for its role in developing the telecoms infrastructure business.

** Private equity Apollo Global Management said it had agreed to acquire U.S. information technology equipment distributor Tech Data in a deal valued at $5.4 billion.

** Russia’s Surgutneftegaz awarded a tender to sell up to 560,000 tonnes of gasoline AI-92 loading from the Baltic Sea port of Ust-Luga in January-March 2020 to Vitol, industry sources told Reuters.

** SoftBank’s Z Holdings Corp is in talks to merge with messaging app operator Line Corp, two sources said, the investment company’s latest bet on a struggling tech firm.

** A2A SpA will be industrial partner of Brianza-based local utility AEB with a minority stake if a potential partnership is completed at the end of the month, the chairman of Italy’s biggest regional utility said.

** Salini Impregilo expects to wrap up the acquisition of smaller building rival Astaldi early next year as it pushes ahead with plans to create a domestic construction champion, the group’s general manager said.

** Finnish state-owned gas company Gasum said it had agreed to buy Linde’s liquefied natural gas (LNG) and marine bunkering business in Norway and Sweden.

** U.S. cable group Liberty Global is holding out hope of reviving a sale of its Swiss unit to Sunrise Communications, which said it faces a 125 million Swiss francs ($125 million) hit after abandoning the deal.

** Brazilian supermarket chain Grupo Pao de Acucar SA (GPA) said it has acquired control of meal-kits startup Cheftime for an undisclosed amount.

** Takeaway.com Chief Executive Jitse Groen said he did not intend to increase a 4.3 billion pound ($5.5 billion) offer for Britain’s Just Eat, despite a higher unsolicited bid from larger rival Prosus.

** Dallas Cowboys owner Jerry Jones’ Comstock Resources is in talks to buy Chesapeake Energy Corp’s Haynesville shale assets in Louisiana, according to two people familiar with the matter.

** Toshiba Corp reported its highest quarterly profit in two years and said it will buy out three of its listed subsidiaries as the industrial conglomerate moves on from accounting scandals and a management crisis.

** Private equity Apollo Global Management APO.N will buy U.S. information technology equipment distributor Tech Data in a deal valued at $5.4 billion, the companies said.

** Philippine oil and shipping group Udenna Corp said it has signed a deal to acquire the 45% interest of a Chevron unit in the country’s Malampaya gas-to-power project, subject to regulatory approvals.

** French industrial gases company Air Liquide said it was examining the possible sale of its German unit Schuelke, confirming an earlier Reuters exclusive.

** French construction materials producer Saint-Gobain has agreed to buy U.S. company Continental Building Products Inc in a deal valued at $1.4 billion, which Saint-Gobain said would boost its earnings and profile in the U.S. market. (Compiled by Ambhini Aishwarya in Bengaluru)

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