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Deals of the day-Mergers and acquisitions

Published 2019-08-09, 03:51 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds VTB, SoftBank, Inter Pipeline, Bank of Nova Scotia, Osram, Qualicorp, Varo Energy; Updates MNG Enterprises)

Aug 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Canada's Inter Pipeline Ltd IPL.TO confirmed it received an unsolicited takeover bid, but said it was not in talks to sell. Russia's second biggest bank VTB bank VTBR.MM said it had completed the purchase of 50% plus one share in RTC railway holding company, a major transporter of grain and timber cargo. Japan's SoftBank Group Corp 9984.T is in advanced talks to invest in Mexican used car platform Kavak and financial technology firm Konfio, several people familiar with the matter said, underscoring the company's interest in Mexico as it pours money into Latin America. Canada's Bank of Nova Scotia BNS.TO and Colombian investment firm Colpatria are selling their jointly-held pension fund administrator, Colfondos, to Chilean private pension fund manager AFP Habitat HAB.LM , Scotiabank said in a statement. A takeover offer from private equity firms Bain and Carlyle CG.O for Germany's Osram OSRn.DE is too low, the SdK group representing small shareholders said. Shares in Brazilian healthcare insurance broker Qualicorp SA QUAL3.SA were up 22% in mid-morning trading in Sao Paulo after hospital chain Rede D'Or acquired a 10% stake in the company from founder Jose Seripieri Junior. European downstream firm Varo Energy said it had agreed to increase its stake in a major refining complex in Germany to up to 55% by buying shares from oil major BP BP.L . Newspaper chain MNG Enterprises revealed a 9.4% stake in New Media Investment Group Inc NEWM.N , and said it may decide to vote or campaign against the company's proposed deal with Gannett Co GCI.N . The state oil companies of Malaysia and Indonesia could cooperate or even merge to expand their businesses together, Indonesian President Joko Widodo said during a state visit to Kuala Lumpur. G4S (CSE:G4S) GFS.L will look at offers for all or part of its cash transport business after its board approved hiving it off into a separate company in the first half of 2020. Germany is looking for an external adviser to evaluate options for its billion-euro stake in Commerzbank CBKG.DE , the country's second-biggest listed lender, a public tender offer showed. Thailand's TMB Bank Pcl (TMB) TMB.BK and unlisted Thanachart Bank (TBANK) said they have agreed to create the country's sixth-largest lender with assets of $59 billion in a merger to better compete with rivals in Southeast Asia. Italy's Cattolica Assicurazioni CASS.MI has presented a non-binding offer for the life insurance businesses of UBI Banca UBI.MI , Chief Executive Alberto Minali said. Melco Resorts & Entertainment MLCO.O said its CEO's father, who had been investigated by Australian authorities, was not involved in its business, as the gaming firm's $1.2 billion stake buy in peer Crown Resorts came under regulatory scrutiny. Shareholders of Anadarko Petroleum Corp (NYSE:APC) APC.N on Thursday voted overwhelmingly to sell the company for $38 billion to rival Occidental Petroleum Corp (NYSE:OXY) OXY.N , ending a short-lived contest that pitted two of the most storied names in the oil industry against one another. Chipmaker Broadcom Inc AVGO.O said on Thursday it will buy antivirus software maker Symantec Corp's SYMC.O enterprise security unit for $10.7 billion in cash to scale up its software business through deals.

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