6 de junio de 2014 / 10:03 / en 3 años

Deals of the day- Mergers and acquisitions

(Adds Veolia Environnement; updates Deutsche Boerse)

June 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Friday:

** Sprint Corp and T-Mobile US Inc might have some fresh arguments to allay regulator skepticism about a merger, but the government may still be reluctant to approve shrinking the U.S. wireless market from four main players to three. Sprint, purchased by Japan’s Softbank Corp in 2013, has agreed to pay about $40 per share, or over $32 billion, for T-Mobile US, a person familiar with the matter said on Wednesday, bringing to a head a long-discussed and controversial deal to reshape the U.S. cellphone market.

** Mexican real estate investment trust (REIT) Fibra Shop Portafolios said its shareholders had approved the purchase of three shopping centers in the country worth around 1.5 billion pesos ($116 million). The shopping centers belonged to U.S. REIT Kimco Realty Corp and were in the states of Morelos next to Mexico City, Chiapas in the south and Sonora in the northwest, Fibra Shop said in a statement on Thursday.

** The New South Wales state government has set a deadline of late July for first-round bids for two power stations ahead of a sale worth about A$1 billion ($931 million), two sources working on the deal told Reuters on Friday. Australian federal and state governments have identified some A$100 billion of state-owned assets for potential sale as they seek new ways to pay down debt and fund upgrades to critical infrastructure like roads.

** Moroccan local authorities have blocked a deal by Veolia Environnement to sell its Moroccan water, wastewater and electricity businesses due to a dispute over investments. The French company agreed in 2013 to sell the Moroccan businesses to investment fund Actis for about 370 million euros ($504 million). The businesses are operated by concession companies Redal in the capital Rabat and Amendis in the northern cities Tangiers and Tetouan.

** A private equity consortium led by KKR & Co LP has agreed to pay about $270 million for up to 70 percent of China’s COFCO Meat, a source said, targeting consumers willing to pay a premium for high quality, safe pork products. The deal underscores the trend towards food safety in China, and follows Shuanghui International’s acquisition last year of U.S. firm Smithfield Foods Inc, the world’s largest pork processor, to secure a supply of high quality meat. The firms announced the deal on Friday without giving financial details.

** Finnish media group Sanoma Oyj said on Friday that it had reached a deal to sell 19 magazine titles in the Netherlands to a local company New Skool Media. Loss-making Sanoma did not disclose the deal’s value, but said annual sales of the titles totaled 38 million euros ($52 million). Sanoma said seven more titles were under review in the country.

** Texas’s largest power provider, the bankrupt Energy Future Holdings Co, was cleared to get final approval on Thursday for about $4.5 billion in financing deals that it has said were important to maintaining its business. Judge Christopher Sontchi of the U.S. Bankruptcy Court in Wilmington, Delaware, said he would dismiss objections that the financing was overly favorable to senior creditors who would end up owning the company’s generating and retail utility unit.

** Independent refiner Phillips 66 is buying a 7.1 million-barrel storage terminal near Beaumont, Texas, as part of the company’s plan to beef up logistics and transportation assets. The terminal, now owned by Chevron Corp, is nearly 60 miles from Phillips’ nearest refinery, its 239,400- barrel-per-day plant in Westlake, Louisiana.

** Deutsche Boerse AG is considering selling its International Securities Exchange (ISE), a source familiar with the company’s thinking said on Thursday. No banks have been mandated to assist Deutsche Boerse with a sale of its U.S. options exchange, the person said, adding that valuation levels were currently not attractive enough for Deutsche Boerse to pursue a sale in the short run.

Deutsche Boerse would like to use the proceeds from an eventual sale of its ISE unit to fund expansion in Asia, two sources familiar with the thinking of the German exchange operator said on Friday. (Compiled by Lehar Maan in Bangalore)

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