July 12, 2019 / 10:30 AM / a year ago

Deals of the day-Mergers and acquisitions

(Adds KCOM Group; Updates Vivacom)

July 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Macquarie unit MEIF 6 Fibre Ltd is to buy KCOM Group Plc in a deal that values the British telecoms company at 627 million pounds ($787.5 million), ending a bidding war with a UK pension fund.

** WPP is selling a 60% stake in Kantar to private equity firm Bain Capital, valuing the data analytics business at about $4 billion and giving the British owner of agencies including Ogilvy and Wunderman Thompson funds to cut debt and rebuild.

** Campbell Soup Co said it would sell its Danish unit Kelsen Group to an affiliate of Nutella maker Ferrero SpA for $300 million.

** Car parts maker Bosch has agreed to sell its packaging machinery business to buyout firm CVC as it seeks to streamline its activities and fund investment in areas such as electric cars and autonomous driving.

** U.S. activist fund Elliott said it had built up a position in French consultancy group Altran Technologies in the wake of the 3.6 billion-euro ($4.1 billion) buyout bid by its bigger rival Capgemini last month.

** Bulgaria’s leading telecoms operator Vivacom has been put up for sale and indicative offers are expected by the end of July, two sources familiar with the process said on Friday, despite a legal dispute over who owns the company.

** Swiss chemicals maker Clariant is entering the final stages of the sale of its packaging business, part of a wider streamlining to be completed by the end of 2020, sources close to the matter said.

** E.ON is expected to win EU antitrust approval to buy rival Innogy’s network and retail assets, sources said, in a deal set to transform the German company into a major player in the European energy market.

** Industrial equipment maker Hillenbrand Inc agreed to buy plastics-processing equipment maker Milacron Holdings Corp in a cash and stock deal valued at about $2 billion, the companies said.

** The Indian government has plans to raise as much as 3.25 trillion rupees ($47.4 billion) in the next five years by reducing its stakes in some large state-owned firms to 40%, two senior government officials told Reuters, in the nation’s biggest privatization push in more than two decades.

** Carmaker Volkswagen will inject $1 billion in capital and $1.6 billion worth of assets into Ford’s self-driving unit, a source close to the matter said, as the two carmakers deepen a global alliance to share costs.

** Thomas Cook is negotiating a 750 million pound ($941 million) rescue that will give Fosun Tourism, its biggest investor, control of the indebted British group’s package-tour business, in a blow to other shareholders.

** Brazilian power company Light SA priced its shares at 18.75 reais ($4.99) per share in a primary and secondary offering that raised 2.5 billion reais ($665.57 million), the company said in a securities filing.

** France’s Galeries Lafayette announced it was joining forces with Mauboussin chairman Alain Nemarq to buy a majority stake in the jeweller, as the upmarket department store strengthens its roster of premium but affordable jewellery.

** Brazilian meatpackers BRF SA and Marfrig Global Foods SA said on Thursday that they had mutually agreed to call off negotiations for a possible merger that were going on for a month.

** Colgate-Palmolive Co said on Thursday it would buy the skin care unit of France’s Laboratoires Filorga Cosmétiques for 1.50 billion euros ($1.69 billion), as the consumer goods company bolsters its personal care business. (Compiled by Soundarya J and Aakash Jagadeesh Babu in Bengaluru)

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