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Deals of the day-Mergers and acquisitions

Published 20/06/2019, 21:00
Updated 20/06/2019, 21:00
Deals of the day-Mergers and acquisitions

(Adds Harris Corp, Eurohold, Abanka, Lafarge Africa; Updates
Delta Air Lines)
June 20 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
Thursday:

** Military communication equipment providers Harris Corp
HRS.N and L3 Technologies Inc LLL.N have won U.S. antitrust
approval for their merger, the Justice Department said.
Bulgarian holding company Eurohold 4EH.BB has signed a
deal to buy the Bulgarian assets of Czech utility CEZ CEZP.PR
for 335 million euros ($377.9 million), it said. Slovenia has sold the country's third largest bank,
state-owned Abanka, to No. 2 lender Nova KBM (NKBM) for 444
million euros ($501 million), state privatization body SDH said.
Shares of cement company Lafarge Africa WAPCO.LG rose
10% to a three-week high after the cement maker said it sold its
loss-making South African operations. ** Delta Air Lines Inc DAL.N said it has acquired a 4.3%
stake in joint venture partner Korean Air Lines Co Ltd's
003490.KS parent company with a view toward expanding across
Asia. Car auction group BCA Marketplace BCA.L is in talks
with private equity firm TDR Capital on a 1.91 billion pounds
($2.43 billion) buyout offer, sending the WeBuyAnyCar owner's
shares up almost 25%. Singapore's Pavilion Energy has bought the liquefied
natural gas (LNG) portfolio of Spain's Iberdrola IBE.MC ,
gaining access to European regasification terminals as well as
Atlantic supplies while the Iberian utility sheds its long-term
gas contracts. French advertising company Havas, part of the Vivendi
VIV.PA media conglomerate, has agreed to buy Battery, a
fast-growing U.S. ad company whose clients include Netflix
NFLX.O . Australia's Altura Mining AJM.AX said its former
biggest investor and one-time suitor, China's Shaanxi J&R
Optimum Energy 300116.SZ , has sold its entire remaining 11.8%
stake in the lithium miner. Shares in metals trader Kloeckner & Co KCOGn.DE spiked
by almost 14% after a German magazine reported that Thyssenkrupp
TKAG.DE could take over the German metals distributor to boost
its trading business. Commodities trading firm Noble Group NOBG.SI is set to
take a small stake in ambitious Australian rare earths developer
Arafura ARU.AX , raising its exposure to strategic minerals
critical to high-tech industries and electric vehicles.
British development finance agency CDC Group acquired
nearly 5% stake in Morocco's BMCE Bank of Africa BMCE.CS after
a $200 million capital injection, the two groups said in a
statement on Wednesday. Chico's FAS Inc CHS.N said on Wednesday it plans to
review a new buyout offer from private equity firm Sycamore
Partners that lowered an earlier unsolicited offer. T-Mobile US Inc TMUS.O is preparing an alternative plan
if a deal to sell wireless assets to Dish Network Corp DISH.O
falls through, according to two sources familiar with the
matter.

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