Deals of the day-Mergers and acquisitions

  • Reuters
  • Stock Market News
Deals of the day-Mergers and acquisitions

March 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Tuesday:

** Norway has suspended a planned asset sale by engine maker Rolls-Royce RR.L as it assesses the security implications of selling the supplier to the country's navy, the justice ministry said. Fintech firm ION Group and Singapore sovereign wealth fund GIC GIC.UL said they would launch an offer for all of Italian credit group Cerved CERV.MI at 9.50 euros per share, valuing it at 1.86 billion euros ($2.2 billion). Japanese renewables group JRE has been put up for sale by its owners, including Goldman Sachs (NYSE: GS ) GS.N , three people familiar with the matter said, a deal expected to draw interest from European firms eager to enter Japan's green power market. The European Commission has given an unconditional authorization to the 7.8 billion euro ($9.28 billion) merger between Nexi NEXII.MI and Nordic rival Nets, the Italian payment group said. French waste and water group Veolia VIE.PA is not planning to change its bid price for domestic rival Suez SEVI.PA in announcements it will make this week on its offer, a source close to the matter told Reuters. Eni ENI.MI said it had agreed to sell its assets in Pakistan to Prime International Oil&Gas Company, furthering plans to dispose of non-core businesses and simplify its portfolio. Australia's Vocus Group VOC.AX said it had agreed to a A$3.5 billion ($2.68 billion) takeover offer from a consortium of a Macquarie fund and pension fund Aware Super, sending its shares to a more than four-year high. Shell Egypt RDSa.L has entered into an agreement to sell upstream assets in Egypt's Western Desert to Cheiron Petroleum Corporation and Cairn Energy Plc CNE.L for up to $926 million, the company said.

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