Deals of the day-Mergers and acquisitions

Published 01-04-2015, 03:50 pm
Updated 01-04-2015, 04:01 pm
© Reuters.

April 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday:

** Japan's Sony Corp 6758.T halved its stake in camera and endoscope maker Olympus Corp 7733.T to 5 percent to raise funds for a restructuring drive under which it is boosting investment in sensors and videogames while pulling back from unprofitable segments. ID:nL3N0WY30J

** Dr Reddy's Laboratories Ltd REDY.NS , India's second-largest drugmaker by sales, said it will buy some established brands of Belgian drugmaker UCB SA UCB.BR in India, Nepal, Sri Lanka and Maldives for 8 billion rupees ($128 million). ID:nL3N0WY2T7

** Warsaw-listed real estate developer Globe Trade Centre SA GTCP.WA signed a preliminiary agreement to sell an office building in Poland's southern city of Krakow for 42 million euro ($45.2 million). ID:nL6N0WY11D

** Spain's Banco Santander SA SAN.MC , Europe's biggest bank, plans to sell its only Australian wind farm partly because of uncertainty about the country's support for renewable energy, a person familiar with the matter told Reuters. ID:nL3N0WY1RJ

** Germany's competition watchdog said it has decided to prohibit a plan by the country's biggest supermarket group Edeka to buy grocery chain Kaiser's, despite concessions it made. ID:nL6N0WY24W

** State-owned Japan Post Holdings Co IPO-JAPP.T is actively seeking more acquisition opportunities after it agreed an A$6.5 billion ($5 billion) takeover of Australian freight and logistics firm Toll Holdings Ltd TOL.AX , a top official said. ID:nL3N0WY31W

** Dubai Islamic Bank DISB.DU , the UAE's largest Islamic bank, said it has offered 1.25 dirham per share in cash to buy the remaining shares in its mortgage unit Tamweel. DIB said it currently holds 86.5 percent of Tamweel and is in the process of buying the remaining 13.5 percent. ID:nL6N0WY0AK

** Roche ROG.VX , the world's largest cancer drugmaker, is ready to collaborate with rivals to find new combination therapies for multi-pronged treatments, its chief executive said. ID:nL6N0WY1OB

** Private equity fund Everstone Capital said it had bought Payfront Technologies Pte Ltd, the Asia-Pacific payroll business of Aon Hewitt, for an undisclosed amount. ID:nL3N0WY3EQ

** East African Breweries Ltd EABL.NR said it plans to sell one of its subsidiaries, Central Glass Industries Limited, to South Africa's Consol Glass Proprietary. EABL, controlled by Britain's Diageo DGE.L did not announce the value of the planned sale of the bottle maker. ID:nL6N0WY0RV

** Japan's Credit Saison Co 8253.T has secured permission from Vietnam's central bank to buy 49 percent stake in a financial firm owned by the unlisted Ho Chi Minh City Development Bank (HDBank), the State Bank of Vietnam said. It gave no value of the deal. ID:nL3N0WY2PG

** The French government is considering the possibility that French power utility EDF SA EDF.PA should take control of struggling state-controlled group Areva SA's AREVA.PA nuclear reactors business, Areva's chief executive said. ID:nFWN0WX0AB

($1 = 62.32 Indian rupees) ($1 = 0.93 euros) ($1 = 3.6728 dirham)

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