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Deals of the day-Mergers and acquisitions

Stock MarketsJan 12, 2019 02:30
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© Reuters. Deals of the day-Mergers and acquisitions

(Adds Twenty-First Century Fox, Eli Lilly (NYSE:LLY), Medco Energi Internasional, Ophir Energy , Anheuser-Busch InBev , Enel , Lottoland, EWE, Oslo Bors VPS, Faroe, Elior, Deutsche Bank ; Updates Bharti Airtel )

Jan 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:

** Twenty-First Century Fox FOXA.O said it does not plan to bid for any of the regional sports networks that Walt Disney (NYSE:DIS) Co may need to sell to win U.S. Justice Department's approval for its purchase of Fox's film and TV assets. Eli Lilly and Co LLY.N remains in the hunt for cancer drugs even after announcing an $8 billion purchase of Loxo Oncology LOXO.O this week, but it plans to remain on the sidelines when it comes to two of the hottest areas of drug development. Indonesian oil and gas group Medco Energi Internasional Tbk PT MEDC.JK said it could offer 340 million pounds ($436 million) in cash for London-listed Ophir OPHR.L , which has assets in south-east Asia. Ophir Energy OPHR.L said Indonesia's Medco Energi International MEDC.JK cut its possible cash offer for the British firm after it lost a liquefied natural gas project in Africa's Equatorial Guinea. A consortium of Virgin Atlantic Ltd, Stobart Group Ltd STOB.L and Cyrus Capital Partners agreed to buy British regional airline Flybe Group Plc FLYB.L , Stobart said, for 2.2 million pounds ($2.81 million). Ceconomy CECG.DE , Europe's biggest consumer electronics retailer, said it was delaying plans to form an extensive business alliance with French peer Fnac Darty FNAC.PA , in which it owns a 24 percent stake. India's Bharti Airtel BRTI.NS has agreed to give part of its stake in Airtel Tanzania to the government, raising the East African nation's holding in the mobile phone operator to 49 percent from 40 percent, the president's office said. Enel ENEI.MI and SEAS-NVE are among at least four bidders for the Danish power distributor and residential customer businesses being sold by energy group Orsted that could be worth about 2.5 billion euros ($2.9 billion), several sources said. ** Anheuser-Busch InBev ABI.BR , the world's largest brewer, is considering floating part of its Asian operations, an Asian banking source said, in a deal that would help to ease its debt burden. Gambling company Lottoland said it was ready to offer up to 76 million euros ($88 million) for German lottery business Tipp24 in a move which could thwart the restructuring plans of Tipp24's owner Zeal Network TIMGn.DE . German regional utility EWE LANDWE.UL is expected to kick off a sales process for a minority stake in itself next month, three people familiar with the matter said, in a deal that could value the whole group at up to 6.2 billion euros ($7.2 billion). Norwegian exchanges operator Oslo Bors VPS OSLO.NFF , the subject of a takeover offer from Euronext NV ENX.PA , has received interest from other parties, its board said. Faroe Petroleum's Chief Executive Graham Stewart, Chief Financial Officer Jonathan Cooper and Chief Operating Officer Helge Hammer will resign, Faroe FPM.L said after the company was taken over in a hostile bid by DNO DNO.OL . France's Elior wants bids for its Areas business, which focuses on railways and motorway catering, to be submitted by the end of January, a source familiar with the situation told Reuters. Germany's finance ministry regularly met with top Deutsche Bank DBKGn.DE executives in 2018 for talks that included topics such as strategic options DBKGn.DE , a finance ministry letter seen by Reuters showed.

Deals of the day-Mergers and acquisitions

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