June 25, 2020 / 10:00 AM / 16 days ago

Deals of the day-Mergers and acquisitions

(Adds PES, National Commercial Bank, Alpha Bank, Viagogo)

June 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** National Commercial Bank, Saudi Arabia’s biggest lender, said it had signed an initial agreement with smaller lender Samba Financial Group to create a combined entity with almost $214 billion in assets.

** A deal to sell the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real estate developer is expected to close on Friday for $26.5 million less than originally agreed to, lawyers for the bankrupt refiner said in court.

** Alpha Bank, Greece’s fourth-largest lender, is close to finalising a deal to sell a portfolio of bad loans worth more than 1 billion euros to U.S. investment manager Fortress Group, three sources familiar with the matter told Reuters.

** UK’s competition watchdog said it will launch an in-depth investigation into ticket reseller Viagogo’s $4.05 billion deal for the ticketing unit of U.S. e-commerce company eBay Inc after the firms failed to address its initial concerns.

** Crescent Acquisition Corp, a special purpose acquisition firm, said it would buy Australian fitness chain F45 Training in a deal that values the combined company at $845 million, including debt.

** Mitie Group is to buy rival outsourcing company Interserve’s support services arm for 271 million pounds ($336.74 million) in cash and shares, flexing its financial muscle to scale-up in Britain’s contract-services industry.

** The administrators of hospital operator NMC Health are weighing the sale of the company’s international fertility business, which could be worth more that $500 million, sources familiar with the matter said.

** Danish enzyme maker Novozymes will buy Ireland-based PrecisionBiotics in a $90 million deal, it said, its second acquisition of a probiotics company in recent years as it seeks to grow its human health business. (Compiled by Shreyasee Raj and Ayanti Bera in Bengaluru)

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