Deals of the day-Mergers and acquisitions

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

(Adds Digital Colony Partners, updates Mediobanca )

Aug 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Eyewear tycoon Leonardo Del Vecchio has won approval from the European Central Bank to raise his 9.9% holding in Mediobanca MDBI.MI past a 10% threshold to just short of 20%, Del Vecchio's holding company Delfin said. Buyout firm Digital Colony Partners has contacted Crown Castle International (NYSE: CCI ) Corp CCI.N to signal interest in buying a minority stake in its fiber-cable business, according to three people familiar with the matter. Bahrain's Ithmaar Holding ITHMR.BH said it is in talks with Bank of Bahrain and Kuwait (BBK) BBKB.BH about the potential sale of subsidiary Ithmaar Bank. German chemicals group Evonik Industries EVKn.DE said it agreed to buy U.S. group Porocel for $210 million to accelerate growth at its catalyst business. South Africa's mines ministry has given the green light for the sale of AngloGold Ashanti's ANGJ.J last remaining assets in the country to Harmony Gold HARJ.J on the condition that it does not delist from the Johannesburg stock Exchange. The Italian government has given approval to U.S. investment firm KKR KKR.N to buy a minority stake in Telecom Italia 's (TIM) TLIT.MI secondary grid - the last-mile, copper and fibre network linking to customers' homes - daily La Repubblica reported. The former U.S. ambassador to Singapore said he had resigned from the board of a firm in the city-state linked to a group bidding for English soccer club Newcastle United citing "recent revelations" about the group. Private equity firms CVC Capital Partners and Advent International are preparing a joint bid of 1.3 billion euros ($1.54 billion) for a minority stake in Italy's Serie A soccer league, the Financial Times reported.

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