September 19, 2019 / 10:04 AM / 7 months ago

Deals of the day-Mergers and acquisitions

(Adds Air France-KLM, Heliopolis Housing; Updates Casino, Oi SA)

Sept 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Air France-KLM and easyJet withdrew competing offers for Aigle Azur after missing an overnight court deadline to improve their bids to acquire part of the collapsed budget airline's operations and staff.

** Egyptian property developer Sixth of October Development and Investment Co is interested in buying a 10% stake in state-controlled Heliopolis Housing, its CEO said.

** Debt-laden French retailer Casino is in talks to sell its French discount store chain Leader Price to German low-cost rival Aldi, Casino said.

** Oilfield services company Petrofac Ltd said it would sell its remaining 51% interest in its Mexico operations to Perenco (Oil & Gas) International Ltd for $276 million.

** Swedish investment company Kinnevik expects to add two to four companies a year to its portfolio but maintain the total number of firms at around 30, its boss said.

** DHL, the logistics arm of Deutsche Post, is preparing to sell its supply chain business operations in Africa, Germany's manager magazin said, citing sources at the company.

** London Stock Exchange Group Chief Executive David Schwimmer said he feels "very good" about the proposed $27 billion acquisition of data and analytics company Refinitiv, in which Thomson Reuters has a minority stake.

** Air France-KLM pulled back from a rescue bid for Aigle Azur, missing an overnight court deadline to improve its earlier offer for part of the collapsed budget carrier's operations and staff.

** Coca-Cola HBC, which bottles Coca-Cola products in Europe, has agreed to buy Italian mineral water maker and sparkling beverage company Lurisia in a deal worth 88 million euros ($97 million), it said on Wednesday.

** Norway's Frontline has cancelled plans to buy another four Suezmax oil tankers from Trafigura and instead aims to add even larger supertankers to its fleet, the shipping company said late on Wednesday.

** Brazilian telecommunications firm Oi SA is in talks with Spain's Telefonica SA and Italy's Telecom Italia SpA to sell its mobile network to avoid insolvency, five people with knowledge of the matter said.

** Japan's Mitsui & Co has put its 40% stake in the BassGas project off southeastern Australia up for sale, the company said.

** British insurance services firm Charles Taylor Plc said it agreed to a 261 million pounds($325.15 million)takeover by a firm backed by private equity firm Lovell Minnick Partners.

** Brazilian discount retailer Lojas Americanas SA has agreed with software developer Linx SA to integrate the retailer's fintech arm Ame and its digital retailer B2W Cia Digital SA with Linx's payment platforms.

** AT&T Inc and Dish Network Corp are not in discussions over a deal due to regulatory issues, a source familiar with the matter said on Wednesday, after the Wall Street Journal reported the wireless carrier was considering parting ways with its satellite TV division DirecTV.

** China Biologic Products Holdings Inc said on Wednesday it had received an offer from a consortium of buyers that will pay $1.93 billion in cash to buy shares that they do not already own to take the company private.

** Venture capital firm Vertex Ventures, the first major backer of ride-hailing giant Grab, said it has completed the final close of its latest fund at $305 million to invest in Southeast Asian and Indian technology start-ups.

** Pennsylvania is joining more than a dozen states that have filed a lawsuit aimed at stopping T-Mobile US's $26 billion purchase of Sprint, New York Attorney General Letitia James said in a statement on Wednesday. (Compiled by C Nivedita and Debroop Roy in Bengaluru)

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