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Deals of the day-Mergers and acquisitions

Reuters SG
Updated ·4-min read

(Updates CentrePoint, adds BT Group, Yandex, Realty Income, TCS Group Holding and IBM)

April 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1630 GMT on Thursday:

** Euronext completed its takeover of the Milan bourse and announced a 1.8 billion euros ($2.2 billion) share sale to fund a deal that turns Italy into the core trading venue of the pan-European stock exchange.

** U.S. electricity provider CenterPoint Energy Inc said it has agreed to sell its natural gas utility businesses in Arkansas and Oklahoma to privately-held Summit Utilities for $2.15 billion in cash.

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** Realty Income Corp said it would buy commercial property landlord VEREIT Inc for about $11 billion and spin off office properties of both companies into a publicly traded REIT.

** The takeover of Polish newspapers publisher Polska Press by state-run refiner PKN Orlen is legally binding despite a court's decision to suspend the regulator's approval of the deal, PKN chief financial officer said.

** Continental shareholders approved the spin-off and an initial public offering of its Vitesco unit at a shareholders meeting.

** Yandex said it had agreed to buy mid-sized bank Acropol for 1.1 billion roubles ($14.8 million), a move that will secure a banking licence for the Russian internet company so that it can develop financial services.

** Czech lender MONETA Money Bank said it was in the final stages of talks over PPF's proposed deal for it to buy Air Bank, which it aims to have ready by the end of June.

** Britain's BT Group said it was in talks to sell a stake in its sports business BT Sport, confirming a media report that companies such as Amazon, Walt Disney Co and sport streaming group DAZN had shown interest.

** BC Partners has begun the sale of Greek drugmaker Pharmathen, one of two healthcare divestments worth more than $3.6 billion that the buyout firm wants to complete this year, with the hiring of investment bank Jefferies, two sources said.

** New Zealand Rugby (NZR) took another step towards selling a minority stake in its commercial arm, including rights to the iconic All Blacks brand, to a U.S. private equity firm, but still needs to secure the buy-in of players.

** Infratil Ltd executed an agreement to buy a majority stake in New Zealand-based radiology provider Pacific Radiology Group for up to NZ$350 million ($254.21 million), the energy and transport infrastructure investor said.

** Verizon Communications Inc is exploring a sale of its media assets, including Yahoo and AOL, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

** Canadian drugmaker Bausch Health Companies Inc is exploring a potential sale of its eye-care business, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.

** BT Group Plc is in talks with Amazon.com Inc , Walt Disney Co and sport streaming company DAZN to divest a stake in its television unit BT Sport, The Telegraph reported on Wednesday.

** Lojas Americanas SA will transfer its assets to fellow Brazilian retailer B2W under a stock transaction agreement approved by both companies' boards, according to filings on Wednesday.

** Commodity trader Olam International Ltd said on Thursday its soon-to-be listed food ingredients business will buy U.S. spice company Olde Thompson for an enterprise value of $950 million.

** Brazil's state-owned oil company Petroleo Brasileiro SA has approved the sale of its remaining 10% stake in the NTS gas pipeline network for 1.8 billion reais ($337 million) to Brookfield and Itausa SA, the company said in a statement on Wednesday.

** Major Chinese investors are in talks to buy a stake in Saudi Aramco, several sources told Reuters on Wednesday, as Saudi Arabia's state oil firm prepares to sell another slice of its business to international investors.

** Britain's BT Group said it was in talks to sell a stake in its sports business, confirming a Telegraph report saying companies such as Amazon.com Inc, Walt Disney Co and sport streaming company DAZN had shown interest.

** Yandex said it had agreed to buy mid-sized bank Acropol for 1.1 billion roubles ($14.8 million), a move that will secure a banking licence for the Russian internet company so that it can develop financial services.

** Realty Income Corp said it would buy commercial property landlord VEREIT Inc for about $11 billion and spin off office properties of both companies into a publicly traded REIT.

** IBM has agreed to acquire Turbonomic, a provider of software that helps companies monitor the performance of their business applications, people familiar with the matter said.

** Russian lender TCS Group Holding said its online bank Tinkoff had acquired a majority stake in Beskontakt, the developer of a digital wallet app with more than 20 million users. (Compiled by Niket Nishant and Sohini Podder in Bengaluru)