January 29, 2019 / 11:14 AM / 10 months ago

Deals of the day-Mergers and acquisitions

Jan 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Tuesday:

** Italian challenger bank Illimity is interested in troubled construction group Condotte, Chief Executive Corrado Passera said.

** Irish budget airline Ryanair has acquired the remaining quarter of its unit Laudamotion, the Vienna-based airline said.

** Norwegian Air plans to raise 3 billion Norwegian crowns ($353 million) in a share sale to strengthen its finances, days after British Airways owner IAG ICAG.L ruled out a bid for the loss-making budget airline.

** Russian businessman Oleg Deripaska has reduced his stake in En+ Group to 44.95 percent from around 70 percent, the company said after the United States lifted sanctions on it and some other Russian firms linked to Deripaska.

** Sweden's Loomis has agreed to buy German cash handling services firm Ziemann Sicherheit Holding at an enterprise value of approximately 160 million euros ($183 million), Loomis said.

** French car parts company Faurecia said it would launch on Jan. 30 its tender offer to buy out Japanese car navigation system maker Clarion as part of its previously announced $1.3 billion takeover of Clarion from Hitachi.

** China's HBIS Group will buy Tata Steel's production assets in Southeast Asia, its latest move to expand its overseas steelmaking capacity after an investment in the Philippines in December.

** Two U.S. House panels will hold a joint hearing on Feb. 13 on T-Mobile US Inc and Sprint Corp's proposed $26 billion merger and its potential impact on consumers.

** Sweden's Loomis has agreed to buy German cash handling services firm Ziemann Sicherheit Holding at an enterprise value of approximately 160 million euros ($183 million), Loomis said.

** State Bank of India, a lender to Jet Airways , is likely to own 15 percent of the cash-strapped carrier after the airline gets consent for a debt to equity swap, TV channels reported citing agencies.

** Thermo Fisher Scientific Inc, the world's largest maker of scientific instruments, will sell its anatomical pathology business for $1.14 billion in cash, the company said on Monday.

** Sempra Energy plans to sell its South American operations as it increases investments at its dominant North American business, the U.S. utility said on Monday.

** Israeli defence contractor Elbit Systems said it expects to post an expense of $65-$75 million in the fourth quarter related to its purchase of state-owned rival IMI Systems late last year.

** Chevron Corp has agreed to buy a Texas oil refinery with a troubled past and space to handle a coming flow of shale from its West Texas operations, two sources familiar with negotiations said on Monday.

Compiled by Uday Sampath in Bengaluru

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