October 23, 2019 / 9:47 AM / 8 months ago

Deals of the day-Mergers and acquisitions

(Adds British Steel, SoftBank Group, Societe Generale)

Oct 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

** Private equity firm Apollo Global Management said it had signed agreements to buy a 48.67% stake of Italian gaming company Gamenet, with the aim of delisting the group.

** German real estate lender Aareal is open to talks with potential buyers of its software business Aareon following calls from an activist investor to consider a sale, people close to the matter said.

** Russia's state-controlled lender VTB wants to sell a 10% stake in VTB Africa, its Angola-based unit, the bank's Chief Executive Officer Andrei Kostin said.

** French media company Banijay is close to sealing a deal to acquire Endemol Shine, the production house behind global television hits as "The Voice" and "Black Mirror," a source close to the matter said on Tuesday, confirming earlier media reports

** A deal to save Britain's second largest steelmaker British Steel from collapse is in jeopardy as exclusive negotiations with Turkey's military pension fund OYAK approach a deadline without an agreement.

** SoftBank Group agreed to spend more than $10 billion to take over WeWork on Tuesday, doubling down on an ill-fated investment and giving a near $1.7 billion payoff to the U.S. office-space sharing startup's co-founder Adam Neumann to relinquish control.

** France's Societe Generale has put its leasing unit in the Nordics up for sale as part of a plan to exit non-strategic businesses and keep capital ratios strong, two sources familiar with the matter told Reuters.

** Kone might sell some parts of Thyssenkrupp's elevator business if the Finnish firm wins an auction to buy it, the CEO of the world's No.3 elevator maker said. (Compiled by Arundhati Sarkar and Manojna Maddipatla in Bengaluru)

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