February 5, 2020 / 10:47 AM / 24 days ago

Deals of the day-Mergers and acquisitions

(Updates Steinhoff, Intercontinental Exchange Inc; adds UniCredit, Bain Capital, EQT, Vivendi, HNA Group, Endeavour Mining)

Feb 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 20:30 GMT on Wednesday:

** Italy’s biggest bank by assets UniCredit took a further step in a strategy to streamline its structure, announcing the placement of a 12% stake in Turkish bank Yapi Kredi.

** Bain Capital has agreed to buy a controlling stake in Italian IT services provider Engineering, the U.S. private equity firm said, in a deal one source said valued the company at about 1.6 billion euros ($1.8 billion) including debt.

** Buyout group EQT is discussing postponing the planned stock market flotation of its visa services firm, VFS, on fears that the spread of the coronavirus could impact the deal, people close to the matter said.

** French media group Vivendi may take further legal action against Italy’s Mediaset if it continues with a plan to merge its Italian and Spanish units, Vivendi’s representative in Mediaset Espana Vincent Vallejo said.

** China’s HNA Group is resuming efforts to find a buyer for airport luggage handler Swissport despite facing a loss of several hundred million dollars on its initial $2.8 billion investment, four sources familiar with the matter told Reuters.

** West Africa-focused gold miner Endeavour Mining is not looking for other potential acquisitions after its failed offer for Centamin, CEO Sebastien de Montessus said.

** The boss of Pepco Group, the owner of British discount retailer Poundland, said it was “almost inevitable” the group would be sold by its beleaguered South African parent Steinhoff .

** Finnish stainless steel producer Outokumpu said it would start a review of future options for its loss-making Long Products business unit, including possible consolidation.

** Britain’s competition regulator said it plans to investigate the planned merger of gambling companies Flutter Entertainment and The Stars Group.

** Commodities trader Trafigura will take control of its Zimbabwe business after buying out local partner Sakunda Holdings, which is owned by a businessman close to President Emmerson Mnangagwa’s government.

** The separation and planned listing of Siemens’s energy business is on track to be completed in September, Chief Executive Joe Kaeser said.

** Intercontinental Exchange Inc (ICE), the owner of the New York Stock Exchange, said it had approached e-commerce company eBay Inc to explore “a range of potential opportunities”.

** Billionaire hedge fund manager Steve Cohen has ended negotiations to buy the New York Mets, CNBC’s David Faber said late on Tuesday. (Compiled by Bharath Manjesh in Bengaluru)

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