Deals of the day-Mergers and acquisitions

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

Oct 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:

** German luxury carmakers Daimler DAIGn.DE and BMW BMWG.DE have offered concessions to address EU antitrust concerns about their plan to combine their car-sharing businesses, the European Commission said. Sev.en Energy will modify its offer for Czech CEZ's CEZP.PR Pocerady coal-fired power plant, the company's chief executive Lubos Pavlas told reporters. Japanese oil refiner Idemitsu Kosan 5019.T finalised a deal to buy out Showa Shell (LON: RDSa ) Sekiyu 5002.T through a share swap in a transaction worth about $5.6 billion. Inc AMZN.O is likely to buy at least 7 percent to 8 percent stake in India's Future Retail (NS: FURE ) Ltd FRTL.NS through an investment arm, CNBC-TV 18 reported, citing sources. Spanish utility Iberdrola IBE.MC said it had agreed to sell its stake in its conventional generation assets, held by the company Scottish Power, to Drax for around 801 million euros ($927 million) as part of its asset rotation plans. Sweden's Ambea AMBEA.ST said it was buying rival Aleris' INVEb.ST care operations - primarily nursing homes and assisted living - in Sweden, Denmark and Norway for an estimated 3 billion crowns ($334.9 million). Singapore sovereign wealth fund GIC GIC.UL is taking a minority stake in Denmark-based Nordic Aviation Capital (NAC), the world's largest lessor of regional aircraft said in a statement. The world's biggest miner BHP BHP.AX , BLT.L nearly doubled its stake in SolGold Plc SOLG.L , bolstering its influence alongside top shareholder Newcrest Mining NCM.AX as it eyes SolGold's promising Cascabel copper-gold project in Ecuador. Brazil's for-profit education company Kroton Educacional SA KROT3.SA sees "a lot of room" for more acquisitions following a series of deals, Chief Executive Officer Rodrigo Galindo told journalists. Cloud technology company Twilio Inc TWLO.N said it would buy email technology firm SendGrid Inc SEND.N in an all-stock deal valued at about $2 billion, combining two firms that handle communications between apps and their users.

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