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Deals of the day-Mergers and acquisitions

Published 2018-01-09, 04:00 p/m
© Reuters.  Deals of the day-Mergers and acquisitions
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Jan 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Continental AG CONG.DE is still looking at its corporate structure as part of a review launched more than a year ago, a source close to the matter said after a media report on a possible breakup of the car parts maker pushed its shares to a record high.

GoPro Inc GPRO.O would be willing to partner with a larger sector player but is not actively engaged in a sale, the action camera-maker said.

French online shoe and fashion retailer Spartoo has entered exclusive negotiations to buy rival shoe brand Andre from debt-laden clothing retailer Vivarte, the company said.

Dubai real estate developer Union Properties UPRO.DU is in the final stage of selling its entire stake in Emicool, a district cooling service provider, the company said.

German aluminium producer Oetinger Aluminium has been sold to the Czech Republic-based Metal Trade Comax Group for an undisclosed sum, Oetinger said.

A Blackstone (NYSE:BX) Group BX.N affiliate is to buy Pure Industrial Real Estate Trust AAR_u.TO in an all-cash deal valued at about C$2.48 billion ($2 billion), the Canadian REIT said.

Toronto-Dominion Bank TD.TO, Canada's No. 2 bank, said it bought Layer 6 Inc, an artificial intelligence (AI) company for an undisclosed sum.

French services and catering group Sodexo EXHO.PA has signed a global partnership deal with Huawei 002502.SZ, in the latest major Chinese contract for a French blue-chip company struck during President Emmanuel Macron's trip to China.

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Telecoms and cable group Altice NV ATCA.AS, ATUS.N is separating its U.S. and European operations to try to reassure investors alarmed by its high debt and low revenue generation, especially in its core French telecoms business.

Swiss private bank Julius Baer BAER.S said it bought the 20 percent in Italian wealth management firm Kairos Investment Management SpA it did not already own for 96 million euros ($114 million).

Spain's market regulator stood by its 2017 authorization of a 15.6 billion euro ($18.7 billion) bid by Italy's Atlantia ATL.MI for Spanish rival Abertis ABE.MC, quashing a Spanish government request to revoke the approval.

French ski resort operator Compagnie des Alpes CDAF.PA, which is hoping to sell a stake to Chinese conglomerate Fosun 0656.HK and other potential investors, announced purchase of a majority stake in Travelfactory.

Israel's Kenon Holdings Ltd KEN.N, KEN.TA said a China-based investor related to the Baoneng group has acquired 51 percent of its Qoros Automobile joint venture after the deal obtained approval from China's Ministry of Commerce.

Moldovan businessman Anatolie Stati will ask bailiffs to sell a $5.2-billion stake in the Kashagan oil field owned by a Kazakh sovereign wealth fund if Astana refuses to pay a $500 million arbitration award, Stati's spokeswoman said.

The administrator of Niki said he would press ahead with an agreed sale of the insolvent Austrian airline to British Airways owner IAG ICAG.L after a German court ruling fanned concern that the deal could unravel.

Mongolian Copper Corporation (MCC) said it will fight a decision by the Mongolian government to repurchase its stake in one of Asia's biggest copper mines for about $400 million after a failed attempt to nationalize it.

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