Deals of the day- Mergers and acquisitions

viernes 1 de julio de 2016 16:07 GYT
 

July 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Deutsche Telekom AG is preparing to sell thousands of German mobile phone masts in a potential 5 billion-euro ($5.5 billion) deal as it seeks to free up funds for investing in its European networks, two sources close to the matter said.

** China's Xinhai Electric Co Ltd has agreed to acquire courier company Shanghai Yunda Express for 18 billion yuan ($2.7 billion) via an asset swap and share issue as it seeks to diversify into the fast-growing logistics sector.

** Estácio Participações SA said its board accepted an improved takeover bid from larger rival Kroton Educacional SA worth 5.5 billion reais ($1.7 billion), in a step toward ending a month-long battle for Brazil's No. 2 for-profit college operator.

** Diversified industrial conglomerate Honeywell International Inc agreed to buy distribution systems and logistics company Intelligrated Inc for $1.5 billion from a company backed by the Permira funds.

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