March 10, 2020 / 10:31 AM / a month ago

Deals of the day-Mergers and acquisitions

(Adds Pattern Energy)

March 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Renewable power producer Pattern Energy won shareholders’ approval to be taken private by Canada Pension Plan Investment Board (CPPIB) for $2.63 billion.

** German utility E.ON has shortlisted Czech billionaires and an energy group as potential buyers of its 800 million euro ($908 million) Czech retail operations, which it must sell to appease competition regulators.

** Britain’s government is likely to delay the full sale of its 62% stake in Royal Bank of Scotland until at least 2025, Sky News reported, citing a source close to the bank.

** Intel said EU antitrust regulators got it wrong when they fined the chipmaker 1.06 billion euros ($1.2 billion) more than a decade ago for thwarting a British rival in a case that could affect Google and Qualcomm.

** The founding family of Britain’s Iceland Foods could seek to regain outright ownership when South African investment company Brait disposes of its stake, the frozen food specialist’s joint managing director said.

** Shares in Infineon Technologies rallied in early trading after a U.S. national security review raised no concerns over its proposed $10 billion takeover of Cypress Semiconductor Corp.

** Russia’s central bank has found a way to sell its stake in Sberbank, the country’s largest lender, without buying out its minority shareholders, first deputy governor Sergei Shvetsov said.

** Uniper exceeded dividend forecasts for 2019 and this year, increasing its appeal to investors as top shareholder Fortum moves closer to taking control of the German energy group.

** Blackstone Group Inc is in exclusive talks to take SOHO China Ltd private in a $4 billion deal, said two sources, in one of its biggest bets yet on the Chinese market and which sent the target’s shares to a 21-month high.

** Novelis Inc won antitrust approval for its proposed $2.6 billion purchase of Aleris Corp on condition it divest part of its auto body supply business, the Justice Department said. (Compiled by Arunima Kumar and Praveen Paramasivam in Bengaluru)

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