January 25, 2019 / 10:52 AM / 5 months ago

Deals of the day-Mergers and acquisitions

(Adds EDP-Energia de Portugal, Siemens, updates Naspers)

Jan 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:

** Embraer SA has signed the “master transaction agreement” for a tie-up with Boeing Co and called a shareholder assembly for Feb. 26 to approve the partnership, the Brazilian planemaker said in a securities filing on Thursday.

** Evergrande Health Industry Group Ltd will pay 1.06 billion yuan ($156 million) for a majority stake in an automobile battery maker based in China, the firm said on Thursday, as it pieces together its electric vehicle production chain.

** China Three Gorges halted talks with EU regulators about its proposed 9 billion euro ($10.3 billion) takeover of Portugal’s EDP-Energia de Portugal over a month ago, two sources close to the matter said, casting doubt on whether the deal will progress.

** Britain’s competition watchdog said pest control company Rentokil Initial Plc must sell several large supply contracts to satisfy concerns over its merger with washroom services company Cannon Hygiene.

** Mastercard Inc made a 233 million pound ($305 million) bid to take over payments firm Earthport Plc, scuppering rival Visa Inc’s attempts to buy the British company.

** South Africa’s Naspers has taken full control of Russia’s largest classified advertising platform Avito after it spent $1.16 billion to buy the 29.1 percent it did not already own, the media and e-commerce group said.

** Siemens and Alstom on Friday beefed up concessions aimed at allaying EU antitrust concerns about their rail merger deal, a person familiar with the matter said, in a belated and possibly futile move to stave off an EU veto against the deal.

** Hungarian Prime Minster Viktor Orban has instructed his cabinet to hold talks with banks that could buy Budapest Bank at a price equal to or above what the state paid for the bank, according to an announcement in the official government gazette.

** Russian sovereign wealth fund RDIF could become a minority shareholder in three businesses held by conglomerate Sistema, the RIA news agency cited RDIF’s head as saying.

** Japanese brewer Asahi Group is buying the British beer business of Fuller, Smith & Turner, seizing the opportunity to further its overseas reach as other companies wrestle with growing uncertainty over Brexit. (Compiled by Manogna Maddipatla and Soundarya J in Bengaluru)

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