July 30, 2019 / 10:31 AM / a year ago

Deals of the day-Mergers and acquisitions

(Adds Bridgepoint, BBA Aviation)

July 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** European buyout firm Bridgepoint is exploring a sale or stock market listing of its dialysis clinic operator Diaverum as part of a long-anticipated exit plan that could fetch up to 2 billion euros ($2.23 billion), sources close to the matter told Reuters.

** BBA Aviation Plc BBA.L said it would sell its Ontic aircraft parts and services unit to private equity firm CVC Capital Partners in a $1.37 billion deal, as it focuses on its mainstay airport services business.

** State-run Korea National Oil Corp (KNOC) is considering upping the stake it is planning to sell in its British unit Dana Petroleum after failing to lure a buyer for the 30% previously on offer, banking and industry sources said.

** Czech billionaire investor Daniel Kretinsky wants to hold talks to try to find a compromise after management and some investors rejected his bid to buy German wholesaler Metro , several sources close to the process said.

** Britain’s competition watchdog said it would not refer Charter Court Financial Services Group’s merger deal with OneSavings Bank to an in-depth investigation.

** French media company Lagardere has received an offer for its Sports.fr and Football.fr websites from digital media company Reworld Media, as Lagardere continues its drive to sell non-core assets.

** Lithium Australia NL said it had signed a deal with Chinese joint venture partner DLG Battery Co Ltd, to sell a range of lithium-ion batteries in the domestic market, sending its shares to a more than two-week high.

** Osaka Gas Co Ltd said it will buy U.S. shale gas developer Sabine Oil & Gas Corp for $610 million, as the Japanese company looks to expand its overseas business for future growth.

** A joint venture between Malaysia sovereign wealth fund Khazanah and Singapore state investor Temasek is selling the office and retail units of its DUO property development in Singapore, it said late on Monday.

** Anadarko Petroleum Corp on Monday released new financial details of its proposed combination with Occidental Petroleum that revealed its acquirer did not expect to generate enough cash to cover its shareholder payments until 2022.

** Bank of America Corp said it would end its electronic payment services joint venture with First Data Corp next June, hours after Fiserv Inc completed its acquisition of the payment processor.

** Mylan NV’s planned merger with Pfizer Inc’s off-patent branded drugs business may have boosted its share price on Monday, but one of its most pressing problems remains: shortages of its flagship EpiPen emergency allergy treatment.

** Brazilian energy company Empresa Metropolitana de Águas e Energia (Emae) is seeking partners for a $1.7 billion thermoelectric power project due to be tendered in an upcoming government auction, its chief executive told Reuters.

Compiled by Abhishek Manikandan and Arunima Kumar in Bengaluru

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