January 15, 2020 / 11:07 AM / 7 months ago

Deals of the day-Mergers and acquisitions

(Adds T-Mobile, RAG Stiftung, Toshiba)

Jan 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

** A group of U.S. states suing to block T-Mobile US Inc from merging with Sprint Corp told a federal judge that the deal would violate antitrust laws and raise wireless prices for consumers.

** Germany's RAG Stiftung has joined a consortium led by private equity firms Advent and Cinven in a bid for Thyssenkrupp's 15 billion euro ($17 billion) elevator division, two sources familiar with the matter said.

** Toshiba Corp moved a step closer to winning a takeover bid for chip equipment unit NuFlare Technology Inc after receiving backing from a major shareholder.

** Brazil's state-controlled oil company Petroleo Brasileiro SA said it had ended its activities in Africa after closing the sale of a 50% stake in Petrobras Oil & Gas BV (PO&GBV), which holds some Nigerian oil assets.

** Resolute Mining Ltd said it will sell its Ravenswood Gold mine for up to A$300 million ($207 million) to a consortium led by resource-focused private equity firm EMR Capital.

** Australian Vanadium Ltd said it penned a non-binding agreement with a unit of steelmaker HBIS Group Chengsteel that could see the Chinese firm buy vanadium and invest in the Perth-based firm's flagship project.

** China's Fosun International Ltd has decided to cut stakes or even divest completely from two financial firms it controls in Brazil, a person with direct knowledge of the matter said.

** The Benetton family's Edizione is in contact with F2i over the infrastructure fund's interest in taking a stake in Atlantia, the chairman of the holding company was quoted as saying in daily Il Messaggero. (Compiled by Amal S and Shanti S Nair in Bengaluru)

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