Deals of the day-Mergers and acquisitions

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

(Adds Gold Fields, Cobham )

Aug 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:

** Gold Fields GFIJ.J is in the process of disposing its Western Australia mine to Perth-headquartered Red 5 Ltd RED.AX for A$18.5 million ($15 million), the South African miner said. British aerospace and defense electronics group Cobham COB.L said it may sell two wireless businesses in the next stage of its turnaround plan. XPO Logistics Inc XPO.N is pursuing deals worth up to $8 billion as it completes the integration of companies it bought during a buying spree in 2015, its top executive said. Antitrust watchdog Cade voted unanimously to reject Brazil's Ultrapar Participações SA's proposed acquisition of rival fuel distribution company Alesat Combustíveis SA. Genesis Energy LP GEL.N said it will buy Tronox Ltd's TROX.N alkali business, the world's largest producer of natural soda ash, for about $1.33 billion in cash to expand into the chemicals sector. Invesco Ltd IVZ.N is in discussions to acquire part of the investment management business of Guggenheim Partners LLC, including its exchange-traded funds (ETF) business, according to a person familiar with the matter. Philippine renewable power producer Energy Development Corp EDC.PS said a consortium of investors including a unit of Singaporean sovereign wealth fund GIC GIC.UL had offered to buy about a third of the company. Italian infrastructure group Atlantia ATL.MI has signed an agreement to buy a 29.38 percent stake in Aeroporto Guglielmo Marconi ADB.MI , the operator of the airport of Bologna, investing 164.5 million euros ($195 million) in the deal. Bahrain's Ithmaar Holding ITHMR.BH is exploring the sale of its 25.4 percent stake in BBK BSC BBKB.BH , which has operations in Bahrain and Kuwait, India and Dubai, sources familiar with the matter said.

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