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Deals of the day-Mergers and acquisitions

Published 01/07/2017, 12:00 am
Updated 01/07/2017, 08:20 am
© Reuters.  Deals of the day-Mergers and acquisitions
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(Adds Unipol , Bayer, Knorr-Bremse, Berkshire Hathaway (NYSE:BRKa), Roche and CPPIB; Updates Global Logistic Properties)

June 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Friday:

** The race to buy Global Logistic Properties GLPL.SI is now between a Chinese consortium backed by the company's management and a rival group led by Warburg Pincus, sources said ahead of a Friday deadline to submit bids for the $10 billion-valued firm. Swiss drugmaker Roche ROG.S said it was buying Vienna-based diabetes management platform mySugr for an undisclosed price as it presses into app-based digital health services for people suffering from the metabolic disorder. Finnish department store and fashion chain group Stockmann Oyj said it will sell its grocery business to Finland's largest food retailer S Group for 27 million euros ($30.85 million). San Francisco-based private equity firm Hellman & Friedman did not lodge a bid for Australia's Fairfax Media FXJ.AX before a Friday deadline, a source with direct knowledge of the matter told Reuters. Japan's biggest beer maker Asahi Group Holdings Ltd 2502.T said it was selling its remaining stake in China's Tingyi-Asahi Beverages Holding Co. Italian financial group Unipol UNPI.MI will sell assets to its main operating unit, insurer UnipolSai US.MI , to simplify its structure and pay for a clean up of its struggling banking business. Bayer BAYGn.DE has filed a request for approval of its planned $66 billion takeover of U.S. seeds company Monsanto (NYSE:MON) MON.N with European Union regulators, a spokesman for the German pharmaceuticals and pesticides maker said. German car parts maker Knorr-Bremse STELLG.UL said it would continue its pursuit of Haldex HLDX.ST , despite the Swedish company's management withdrawing its support for a takeover because of expected regulatory opposition to a deal. National Bank of Greece NBGr.AT shareholders approved the sale of a majority stake of its insurance subsidiary to Anglo-Dutch consortium Calamos-EXIN. Warren Buffett's Berkshire Hathaway Inc BRKa.N will swap its preferred shares in Bank of America Corp (NYSE:BAC) BAC.N into common shares worth about $17 billion, making it the biggest shareholder of lender. Roche ROG.S has bought Vienna-based diabetes management platform mySugr for an undisclosed price, the Swiss drugmaker said, joining a crowd of companies expanding app-based digital health services. Canada Pension Plan Investment Board (CPPIB) said it would buy Parkway Inc PKY.N , a real estate investment trust, in a deal valued at $1.2 billion.

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