for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Deals of the day-Mergers and acquisitions

(Adds Total, LVMH, Mediaset and Hyundai Heavy Industries; Updates Generali and MVM)

June 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** LVMH CEO Bernard Arnault is exploring ways to reopen negotiations on the French luxury goods giant’s $16.2 billion acquisition of U.S. jewelry chain Tiffany & Co, as U.S. social unrest and the coronavirus pandemic weigh on the retail sector, people familiar with the matter said.

** EU antitrust regulators have restarted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries’ $1.8 billion merger with Daewoo with a decision due by Sept. 3.

** Italian broadcaster Mediaset has increased its direct stake in German counterpart ProSiebenSat.1 Media to 11.7% from 8.9%, accoring to a regulatory filing ahead of next week’s annual general meeting.

** French oil major Total said it will acquire a 51% stake in SSE’s Seagreen 1 British offshore wind farm project, adding it represented a global investment of around 3.7 billion dollars.

** Hungary’s state-owned energy group MVM has submitted a final bid for E.ON’s Czech Innogy retail operations as it seeks to expand in central Europe, Chairman and CEO Gyorgy Kobor told Reuters.

** Leonardo Del Vecchio’s plans to boost the European presence of Italy’s top insurer Generali do not include a cross-border merger with rivals AXA or Zurich, a source close to the billionaire said.

** Royal Dutch Shell is considering raising more than $2 billion from the sale of a stake in the common facilities at its Queensland Curtis LNG plant in Australia, according to a sale flyer reviewed by Reuters.

** Virgin Australia Holdings Ltd’s administrator has given final bidders Bain Capital and Cyrus Capital Partners until June 22 to lodge binding offers, an extension of 10 days from the original date, a person with knowledge of the matter said.

** Philippine conglomerate Ayala Corp has made a bid worth A$777 million ($535 million) to buy Infigen Energy , pouncing on the Australian renewables company at a time when wind and solar firms are battling falling power prices. (Compiled by Mrinalika Roy and Sanjana Shivdas in Bengaluru; editing by Uttaresh.V and Devika Syamnath)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up