Deals of the day-Mergers and acquisitions

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

Feb 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1045 GMT on Monday:

** Heineken HEIN.AS , the world's second-largest brewer, agreed to buy the loss-making Brazilian breweries of Japan's Kirin Holdings 2503.T to boost its presence in the world's third-biggest beer market. Drugmaker Ipsen IPN.PA has agreed to buy five consumer healthcare products from bigger French rival Sanofi SASY.PA for 83 million euros ($88 million), in a deal which Ipsen said should boost its profits. Grab is likely to announce a deal to buy Indonesian online payment startup Kudo for over $100 million, a source close to the matter said, in a move that will help the Southeast Asian ride-hailing firm roll out its services to more customers. The prospect of a bidding war drove shares in Stada STAGn.DE 13 percent higher after the German drugmaker said it was weighing two takeover approaches, including one from private equity firm Cinven Partners, which valued it at almost 3.5 billion euros ($3.7 billion). South Africa's biggest cement maker PPC Ltd PPCJ.J is in merger talks with its nearest rival Afrisam Group, seeking to overcome valuation squabbles that sunk previous tie-up efforts. China's state-owned Sinochem is in early talks with Noble Group NOBG.SI to buy an equity stake in the embattled trader, three sources familiar with the matter said, in a move that would help it gain access to the commodity trader's global supply chain. Japan's Kirin Holdings Co 2503.T said it would sell its Brazilian unit to Heineken NV HEIN.AS subsidiary Bavaria S.A. for 2.2 billion Brazilian reais ($706 million). The United Arab Emirates is studying plans to expand the Fujairah oil refinery project up to 400,000 barrels per day, the UAE Energy Minister said. Dalian Wanda Group, owned by China's richest man Wang Jianlin, denied that it was in touch with Germany's Deutsche Postbank DEUPF.PK on acquisition plans. Britain's Co-operative Bank 42RQ.L , rescued from the brink of collapse by a group of hedge funds in 2013, has put itself up for sale as it seeks to build up its capital to meet regulatory requirements. Swedish oil firm Lundin Petroleum LUPE.ST plans to spin off its assets outside of Norway in a separately listed company and will hand out shares in the new firm to its owners, it said in a statement. Australian state-owned power grid Endeavour Energy has attracted indicative offers from at least three bidding groups composed of local and foreign investors, according to sources involved in the process. Sibanye Gold Ltd SGLJ.J has secured a loan of $2.65 billion to support the acquisition of Stillwater Mining Company, the only U.S. miner of platinum and palladium, the South African company said. British private equity fund Apax Partners is in talks to buy Israel-based Syneron Medical ELOS.O , an aesthetic device company, for $350 million-$400 million, Israeli financial daily Calcalist reported. Investors expecting a deal this year in Tata Steel 's TISC.NS talks to merge its European assets with Germany's Thyssenkrupp TKAG.DE risk disappointment, given complications associated with the Indian-owned firm's British pension scheme.

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