Deals of the day-Mergers and acquisitions

  • Reuters
  • Stock Market News
Deals of the day-Mergers and acquisitions
Credit: © Reuters.

June 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday:

** French cosmetics and luxury goods group L'Oreal OREP.PA has started exclusive talks to sell its The Body Shop business to Brazilian make-up company Natura Cosmeticos NATU3.SA in a possible 1 billion euros ($1.1 billion) deal. SoftBank Group Corp 9984.T said it would buy two firms that build walking robots from Google's parent company, Alphabet Inc GOOGL.O , adding to the Japanese company's growing artificial intelligence portfolio. Infosys Ltd INFY.NS denied a media report that the founders of India's second-biggest software services exporter were looking to sell their entire 12.75 percent stake in the company. State Bank of India SBI.NS said it may not need to tap equity markets for at least another year as its capital ratios will strengthen in the wake of this week's $2.3 billion share sale. Syngenta SYNN.S , the Swiss pesticides and seeds group being bought by ChemChina CNNCC.UL , has agreed to sell its global sugar beet seeds business to Denmark's DLF (NS: DLF ) Seeds, the companies said. Britain's largest energy supplier, Centrica Plc CNA.L , said it would sell its 60 percent stake in its Canadian oil and gas exploration and production joint venture to a consortium for about 240 million pounds ($305 million). Hedge fund Elliott Advisors has become Dutch paint maker Akzo Nobel 's AKZO.AS largest shareholder by increasing its stake to at least 5 percent, according to a filing published by Dutch regulators. French airport operator ADP ADP.PA said it plans to increase its stake in Turkish airport operator TAV Airports TAVHL.IS to 46 percent. Hospital operator IHH Healthcare Bhd IHHH.KL IHHH.SI is looking to expand its operations in China and is open to potential deals to help it grow its presence in the market, its chief executive said. Serbia has extended a deadline for bids for a 25-year concession to operate Belgrade's Nikola Tesla airport AERO.BEL , the biggest in the western Balkan region. An unnamed investor in Italy's Campari CPRI.MI has sold a 1.95 percent stake in the beverage company at 6.10 euros ($6.8) per share, a market source said.

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