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Deals of the day-Mergers and acquisitions

Stock Markets Jun 04, 2020 04:20
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(Adds Total , LVMH, Mediaset and Hyundai Heavy Industries;
Updates Generali and MVM)
June 3 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Wednesday:


** LVMH LVMH.PA CEO Bernard Arnault is exploring ways to
reopen negotiations on the French luxury goods giant's $16.2
billion acquisition of U.S. jewelry chain Tiffany & Co TIF.N ,
as U.S. social unrest and the coronavirus pandemic weigh on the
retail sector, people familiar with the matter said.
EU antitrust regulators have restarted their
investigation into world No. 1 shipbuilding group Hyundai Heavy
Industries' 267250.KS $1.8 billion merger with Daewoo
042660.KS with a decision due by Sept. 3. Italian broadcaster Mediaset MS.MI has increased its
direct stake in German counterpart ProSiebenSat.1 Media
PSMGn.DE to 11.7% from 8.9%, accoring to a regulatory filing
ahead of next week's annual general meeting. French oil major Total TOTF.PA said it will acquire a
51% stake in SSE's SSE.L Seagreen 1 British offshore wind farm
project, adding it represented a global investment of around 3.7
billion dollars. Hungary's state-owned energy group MVM has submitted a
final bid for E.ON's EONGn.DE Czech Innogy retail operations
as it seeks to expand in central Europe, Chairman and CEO Gyorgy
Kobor told Reuters. Leonardo Del Vecchio's plans to boost the European
presence of Italy's top insurer Generali GASI.MI do not
include a cross-border merger with rivals AXA AXAF.PA or
Zurich ZURN.S , a source close to the billionaire said.
Royal Dutch Shell RDSa.L is considering raising more
than $2 billion from the sale of a stake in the common
facilities at its Queensland Curtis LNG plant in Australia,
according to a sale flyer reviewed by Reuters. Virgin Australia Holdings Ltd's administrator has given
final bidders Bain Capital and Cyrus Capital Partners until June
22 to lodge binding offers, an extension of 10 days from the
original date, a person with knowledge of the matter said.
Philippine conglomerate Ayala Corp AC.PS has made a bid
worth A$777 million ($535 million) to buy Infigen Energy
IFN.AX , pouncing on the Australian renewables company at a
time when wind and solar firms are battling falling power
prices.

Deals of the day-Mergers and acquisitions
 

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