April 29, 2020 / 10:00 AM / a month ago

Deals of the day-Mergers and acquisitions

(Adds Italgas, Henkel; Updates Nio)

April 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Nio Inc's shares jumped more than 14% after it said it had secured a 7 billion yuan ($989 million) investment in Nio China, a new entity controlled by the Chinese electric vehicle maker.

** German conglomerate Henkel and U.S. buyout fund KKR are holding off bidding for a portfolio of beauty brands that Coty Inc is trying to sell as they fret over the fallout of the coronavirus pandemic, four sources told Reuters.

** Italy's Italgas is still very interested in Greek gas distribution network DEPA and is waiting for Athens to publish a short list, the group's CEO Paolo Gallo said.

** British drugmaker GlaxoSmithKline plc is planning a sale of its $3.7 billion stake in Unilever Ltd's listed India unit, Bloomberg News reported, citing people familiar with the matter.

** Private equity company Blackstone Group Inc bought a near 10% stake in Australian casino operator Crown Resorts Ltd from Macau's Melco Resorts & Entertainment Ltd , sending Crown's shares soaring amid hopes of a buyout.

** Investment holding firm PSG Group Ltd said it was "seriously considering" separating its stake in Capitec Bank to avoid an increase in administrative burden under a new legislation that may deem it a status of financial conglomerate. (Compiled by Praveen Paramasivam in Bengaluru)

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