Deals of the day-Mergers and acquisitions

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

(Adds CBS, EP Logistics, JPMorgan, Wynn; Update Amazon, LetterOne)

May 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Amazon AMZN.O has taken a stake in British online food delivery company Deliveroo, leading a $575 million fundraising to pit itself against Uber Eats in the global race to dominate the market for takeaway meals. Russian tycoon Mikhail Fridman's investment fund LetterOne (L1)has won control of Spanish retailer DIA DIDA.MC but has not yet secured support from all of the loss-making group's creditors with three days to go before a financing deadline. Global private equity firms Bain Capital, Carlyle Group CG.O and KKR & Co KKR.N are among potential bidders for Japanese conglomerate Hitachi Ltd's 6501.T chemical unit, three people familiar with the situation told Reuters. France's Naval Group would consider buying Thyssenkrupp AG's TKAG.DE marine division if the German steel-to-submarines conglomerate were to offer the unit for sale, a German newspaper cited a source close to the French group as saying. Swiss electricity producer Alpiq Holding AG ALPH.S has agreed to sell its two Czech coal-fired power stations to the Czech Republic's Sev.en Energy for around 280 million euros ($313 million), the companies said. Kazakh sovereign wealth fund Samruk-Kazyna plans to sell a near 10% stake in Kazakhtelecom AO KZTK.KZ through the Astana International Exchange this year, the fund's managing director Almasadam Satkaliyev told a conference. CBS Corp (NYSE: CBS ) CBS.N has expressed interest in acquiring cable channel Starz from Lions Gate Entertainment LGFa.N , the Information reported, citing four people familiar with the situation. Private equity Five Point Energy LLC said it had sold its minority stake in midstream water firm WaterBridge Resources LLC to affiliates of Singapore's sovereign wealth fund, GIC. South Africa's Competition Appeal Court gave the green light to Sibanye-Stillwater's SGLJ.J takeover of Lonmin LMI.L that aims to create the world's second-largest platinum producer. A dispute between bidders for SNC-Lavalin Group's SNC.TO stake in a Canadian toll highway will delay the C$3.25 billion ($2.41 billion) sale after an original purchase agreement was scrapped, the Canadian construction and engineering company said. U.S. oilfield services company Select Energy Services Inc WTTR.N is in early stages of considering selling itself, Bloomberg reported, citing sources with knowledge of the matter. EP Logistics International has agreed to acquire 100% stake in Germany's transport company LOCON Logistik & Consulting, the Czech firm said. Brazilian state-run oil firm Petroleo Brasileiro SA PETR4.SA has removed three banks from the privatization process of fuel distribution unit Petrobras Distribuidora BRDT3.SA , four sources with knowledge of the matter told Reuters this week. JPMorgan Chase & Co (NYSE: JPM ) JPM.N said it is acquiring InstaMed, a U.S. healthcare payments technology company. Wynn Resorts Ltd WYNN.O is in talks to sell its nearly finished $2.6 billion casino outside of Boston to rival MGM Resorts International MGM.N , the two companies said. Supercomputer manufacturer Cray Inc CRAY.O said it would be bought by Hewlett Packard Enterprise Co HPE.N in a deal valued at about $1.3 billion, net of cash. Kazakh sovereign wealth fund Samruk-Kazyna aims to raise $3 billion to $5 billion from its sale of up to 25% in state-owned KazMunayGaz KMGZ.KZ next year, the fund's managing director said. Switzerland is preparing to part-privatise Axpo AXPOH.UL , the country's largest electricity producer, by allowing private investors to buy up to 49% of the company, documents published by local government authorities show. India's Spencer's Retail Ltd SPEN.BO will buy upmarket grocery chain Nature's Basket from Godrej Industries GODI.NS for 3 billion rupees ($42.76 million), the companies. Carrefour CARR.PA , Europe largest retailer, is exploring the sale of a minority stake in its loss-making business in China and has started sounding out potential buyers, people familiar with the matter said.

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