Deals of the day- Mergers and acquisitions

Sat, 01 Feb - 12:30am

(Adds Cameco, Hertha BSC, Adcock, Banco Popolare, IKB, Catalunya Caixa, Deutsche Telekom)

Jan 31 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Friday:

** Swiss machinery manufacturer Sulzer AG SUN.S agreed to sell its coatings unit Metco to peer Oerlikon OERL.S for about 850 million Swiss francs ($949 million) in cash, as it seeks to focus on its three main businesses. News Search ID:nL5N0L507Y

** Uranium miner Cameco Corp CCO.TO said it has agreed to sell its interest in Bruce Power, a partnership that operates one of the world's largest nuclear generating facilities in Ontario, for C$450 million ($403 million). News Search ID:nL2N0L50L4

** India's Aditya Birla Nuvo Ltd ABRL.NS , a unit of the Aditya Birla Group, has agreed to sell its business process outsourcing unit Minacs to a group of investors for $260 million. News Search ID:nL3N0L51N7

** Buyout group KKR & Co LP KKR.N has struck a deal to take a roughly 10 percent stake in Berlin's top soccer club, Hertha BSC, a source familiar with the transaction said. KKR will invest about 60 million euros ($81.38 million) in total plus take steps to strengthen Hertha's finances and buy back some marketing and catering rights that the club sold to plug holes in its balance sheet, the source said. News Search ID:nL5N0L52DZ

** South Africa's Bidvest BVTJ.J said it had raised its stake in drugmaker Adcock Ingram Holdings Ltd AIPJ.J to more than 34 percent, enough to block a rival $1.2 billion bid and prompt Adcock to seek urgent talks with its Chilean suitor.

News Search ID:nL5N0L50T6

** Hungary's OTP Bank Nyrt OTPB.BU signed a deal to buy the Croatian banking arm of Italy's Banco Popolare BAPO.MI for 107 million kunas ($18.94 million) to expand its business in the new European Union member state, OTP said in a statement.

News Search ID:nL5N0L51Q0

** Private equity investor Lone Star Href="NewsSearch">LS.UL has hired Rothschild Href="NewsSearch">ROT.UL and Bank of America Merrill Lynch BAC.N as advisors for the planned sale of German corporate bank IKB Deutsche Industriebank AG IKBG.F , two people familiar with the transaction said. News Search ID:nL5N0L51Q2

** Spain's second-biggest bank BBVA BBVA.MC said it would probably make an offer for Catalunya Caixa when it came up for auction, becoming the third Spanish bank to express interest in the state-owned lender. News Search ID:nE8N0E5025

** Deutsche Telekom AG DTEGn.DE dismissed as speculation media reports that it was considering raising its stake in its Greek unit OTE OTEr.AT . The German firm owns a controlling 40-percent stake in the unit. News Search ID:nL5N0L51SS

** The United Kingdom's Greenko Group Plc GKO.L may buy Lanco Infratech Ltd's LAIN.NS Budhil hydropower project, the newspaper Mint reported. News Search ID:nL3N0L515Z

** Public finance specialist Depfa, which state-rescued German bank Hypo Real Estate Holding Href="NewsSearch">HRESH.UL put on the block, has attracted binding offers from several private equity groups and hedge funds. The offers value Depfa at 200-300 million euros, sources said. News Search ID:nL6N0I828E

** Zynga Inc ZNGA.O will shed 15 percent of its workforce to slash costs and buy mobile game developer NaturalMotion for $527 million to refresh a stalled games pipeline.

($1 = 0.8959 Swiss francs)

($1 = 0.7373 euros)

($1 = 5.6488 Croatian kunas)

($1 = $1.12 Canadian)

(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:20140131:nL3N0L53KM:5
Topics: 
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