Deals of the day-Mergers and acquisitions

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

(Adds Liberty Latin America, Esselunga, Orsted; Updates MNG Enterprises, Newmont Mining )

Jan 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

** Newmont Mining Corp (NYSE: NEM ) NEM.N said it would buy smaller rival Goldcorp Inc G.TO GG.N for $10 billion, creating the world's biggest gold producer in the face of dwindling easy-to-find reserves of the precious metal. Liberty Latin America Ltd LILA.O , a wireless and cable operator in South America and the Caribbean, has approached peer Millicom International Cellular SA TIGOsdb.ST with an acquisition offer, people familiar with the matter said. Italian supermarket chain Esselunga said the majority owners of its parent company Supermarkets Italiani had exercised their right to buy the 30 percent they do not own. Energy group Orsted ORSTED.CO said it would halt the sale process of its Danish power distribution business after it became clear there was no longer political support for a divestment. Kuwait Finance House KFH.KW plans to sell assets in the range of 100 million dinars ($330.1 million) to 120 million dinars in 2019, the chief executive was quoted in Al Rai newspaper as saying. Israel's state-owned Rafael Advanced Defense Systems and businessman Avihai Stolero have offered to buy unmanned aerial vehicle maker Aeronautics ARCS.TA for 850 million shekels ($232 million). Qatar Investment Authority aims to raise investments in the United States to $45 billion in the next two years as it rebalances its portfolio of assets away from Europe, its chief executive said on Sunday. German rail operator Deutsche Bahn wants to sell its Arriva international subsidiary to plug a 4 billion euro ($4.6 billion) financing gap, though Britain's looming exit from the European Union is making it hard to value the business, a source close to the plans told Reuters on Sunday. Singapore's CapitaLand CATL.SI is forking out S$6 billion ($4.4 billion) to scoop up logistics and industrial assets from state investor Temasek, in a deal the developer said would create Asia's largest real estate investment manager. Beauty products maker and retailer L'Occitane International S.A. 0973.HK said it will buy beauty and skincare brand ELEMIS for a maximum of $900 million as the Hong Kong-listed firm aims to build a portfolio of premium cosmetics brands. Newspaper chain MNG Enterprises Inc MNGE.PK , controlled by secretive hedge fund Alden Global Capital LLC, offered to buy Gannett Co Inc GCI.N in a $1.36 billion deal to add the USA Today and scores of other newspapers to its stable of regional publications. Pan-European stock market operator Euronext ENX.PA launched its $729 million cash bid for Oslo Bors OSLO.NFF on Monday, just hours after the Norwegian stock market operator said it had found potential alternative bidders. Ophir Energy Plc OPHR.L said that it has rejected Indonesian oil and gas group Medco Energi Internasional Tbk PT's MEDC.JK potential buyout offer, saying it "undervalues" the British energy company. German media group ProSiebenSat.1 Media's PSMGn.DE e-commerce arm NuCom is buying control of Aroundhome, an online broker for home services and products, in a deal valued at 140 million euros ($161 million). India's Bharti Airtel BRTI.NS is in talks to buy Telkom Kenya, the East African nation's smallest telecoms operator, to create a stronger challenger to market leader Safaricom SCOM.NR , three industry sources told Reuters. Italian private equity firm Investindustrial has bought hot tubs maker Jacuzzi and other brands of spa and bathroom products from a number of investment funds including Apollo APO.N , it said. The former chief executive officer of Stobart Group Ltd . STOB.L , Andrew Tinkler, bought about 10 percent of British airline Flybe Group Ltd FLYB.L on Friday, Sky News reported. Brazilian planemaker Embraer SA EMBR3.SA said on Friday its board has authorized the company to take steps toward implementing a proposed partnership with Boeing (NYSE: BA ) Co BA.N , after receiving consent from Brasilia. Anheuser-Busch InBev ABI.BR , the world's largest brewer, is considering raising billions of dollars in a partial flotation of its Asian operations, two Asian banking sources said on Saturday, in a deal that would help to ease its debt burden. Major port operator DP World DPW.DI said on Sunday it had agreed to acquire a 71.3 percent stake in Chile's Puertos y Logistica (Pulogsa) PUE.SN from Minera Valparaiso and other shareholders associated with the Matte Group. Cement maker HeidelbergCement HEIG.DE said it would deliver proceeds of about 500 million euros ($573 million) in asset sales in 2018, putting it on track for 1.5 billion in planned disposals by the end of 2020. Bahrain-based alternative investment manager Investcorp INVB.BH said it was forming a $1 billion European private equity portfolio with Coller Capital. Royal Dutch Shell (LON: RDSa ) RDSa.AS and Dutch pension fund manager PGGM are considering a joint bid for Dutch energy company Eneco ENECO.UL , which analysts estimate to be worth around 3 billion euros ($3.4 billion).

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