Deals of the day- Mergers and acquisitions

Fri, 17 Jan - 12:15am

(Adds Johnson & Johnson, Indian Oil, Vattenfall; Updates CEC)

Jan 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Thursday:

** Johnson & Johnson JNJ.N said it will sell its ortho clinical diagnostics unit to private equity firm Carlyle Group

CG.O for $4.15 billion, a year after announcing it was considering spinning off or selling the slow-growing business.

News Search ID:nL3N0KQ3U0

** Apollo Global Management Llc APO.N said it would buy CEC Entertainment Inc CEC.N , the parent of Chuck E Cheese restaurant chain, for about $948 million. News Search ID:nL3N0KQ3CE

** A panel of Indian ministers has approved the sale of a 10 percent stake in state refiner Indian Oil Corp IOC.NS to two state exploration firms, a move that will help the cash-strapped government raise funds to narrow its budget deficit. The government, which has a 79 percent stake in IOC, expects to garner between 48 billion to 50 billion rupees ($812 million).

News Search ID:nL3N0KQ3BS

** The French state has raised 451 million euros ($613 million) by selling about 1 percent of the capital of European aerospace company Airbus Group NV AIR.PA , Finance Minister Pierre Moscovici said. News Search ID:nWEB00GR2

** Vattenfall AB Href="NewsSearch">VATN.UL will sell its 74.9 percent stake in the Hamburg electricity grid back to the city of Hamburg, making a capital gain of at least 300 million euros, the state-owned Swedish utility said. News Search ID:nL5N0KQ1SE

** Formosa Petrochemical Corp's 6505.TW three largest shareholders plan to raise up to T$10.24 billion ($340 million) from the sale of shares in Taiwan's top plastics conglomerate, IFR reported, citing a term sheet for the deal. News Search ID:nL3N0KQ27X

** Israeli holding company Koor Industries Ltd KOR.TA sold off its remaining 3.68 million shares, or 0.23 percent stake, in Credit Suisse Group AG CSGN.VX for 110.5 million Swiss francs ($121.5 million), the company said. News Search ID:nL5N0KQ144

** Unilever Plc ULVR.L UNc.AS said it had agreed to sell its Royal pasta brand in the Philippines to RFM Corp RFM.PS for $47.8 million, as the Anglo-Dutch company streamlines its business. News Search ID:nL5N0KQ124

** Australia's Bega Cheese Ltd BGA.AX said it will sell its 18.8 percent stake in Warrnambool Cheese and Butter Factory Co Holdings Ltd WCB.AX to Saputo Inc SAP.TO for between A$94.7 million ($84.51 million) and A$101 million, in a major breakthrough for the Canadian company in an extended takeover battle. News Search ID:nL3N0KQ1DJ

** South Africa's Bidvest Group BVTJ.J said it will close its offer for a stake in drugmaker Adcock Ingram Holdings Ltd

AIPJ.J early next month, in what could be an attempt to speed up a takeover battle that has been waylaid by delays.

News Search ID:nL5N0KQ1M2

** Indonesia plans for state-owned energy company Pertamina Href="NewsSearch">PERTM.UL to acquire state gas utility Perusahaan Gas Negara PGAS.JK , a minister said, as Southeast Asia's largest economy moves to free up supply bottlenecks. News Search ID:nL3N0KQ302

** Masraf Al Rayan QSC MARK.QA , Qatar's largest sharia-compliant bank by market value, said it had completed its acquisition of Islamic Bank of Britain. News Search ID:nL5N0KQ0B9

** AOL Inc AOL.N is handing majority ownership of Patch, a money-losing network of local news websites, to New York investment firm and turnaround specialist Hale Global in a joint venture announced by the companies on Wednesday. News Search ID:nL2N0KP22K

** CITIC Capital Holdings Ltd, a unit of China's sovereign wealth fund, has invested in a new U.S.-based asset management fund set up by former executives of bankrupt hedge fund FX Concepts, two sources familiar with the matter said on Wednesday.

($1 = 0.9095 Swiss francs)

($1 = 0.7356 euros)

($1 = 30.0765 Taiwan dollars)

($1 = 1.1206 Australian dollars)

($1 = 61.55 rupees)

(Compiled by Shivani Mody in Bangalore)

((shivanibipin.mody@thomsonreuters.com)(within U.S. +1 646 223 8780, outside U.S +91 80 6749 3428)(Reuters Messaging:)(Reuters Messaging: shivanibipin.mody.thomsonreuters.com@reuters.net))

Keywords: DEALS DAY/

URN: 
urn:newsml:reuters.com:20140116:nL3N0KQ33Y:4
Topics: 
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