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Deals of the day-Mergers and acquisitions

Published 02/04/2020, 05:00 AM
Deals of the day-Mergers and acquisitions

(Adds Frasers, Petroleo Brasileiro, OTP Bank, Pacific Premier
Bancorp; Updates Ingenico )
Feb 3 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Monday:

** Sportswear retailer Frasers FRAS.L , formerly Sports
Direct, has bought a 12.5% stake in handbag group Mulberry Group
MUL.L pushing ahead with plans to move upmarket into the
luxury business. Brazilian state-run oil firm Petroleo Brasileiro SA
PETR4.SA and Chevron Corp CVX.N said they have begun the
process of selling the Papa-Terra deep-water oilfield in
Brazil's Campos Basin. Hungary's OTP Bank OTPB.BU and Italy's Intesa Sanpaolo
ISP.MI have reached the final stages of the race to buy
Garanti BBVA's Romanian unit, Romanian news outlet Ziarul
Financiar (ZF) said, citing banking market sources. Regional bank Pacific Premier Bancorp Inc PPBI.O said
it would buy peer Opus Bank OPB.O in an all-stock deal valued
at $1 billion, to expand its footprint in California and other
parts of the western United States. ** Abu Dhabi Power Corporation (ADPower) plans to take
control of Abu Dhabi National Energy Co (TAQA) TAQA.AD in an
asset swap deal that would value it at 4.16 billion dirhams
($1.13 billion) and create a combined utility with assets worth
$54.5 billion. Payments company Worldline agreed to buy French rival
Ingenico INGC.PA in a 7.8 billion euro ($8.7 billion) deal,
creating a European leader in a sector trying to keep up with
fast-changing consumer habits and technologies. Australian coal miner TerraCom Ltd TER.AX offered to
buy the remaining shares of Universal Coal PLC UNV.AX that it
does not already own, in a deal that values the company at about
A$175 million ($119.68 million). Philippine utility firm Manila Water Co Inc MWC.PS said
it is selling a minority stake worth 10.66 billion pesos ($208.9
million) to a port magnate and dam builder. Dutch online food ordering company Takeaway.com on Friday
declared its $7.8 billion takeover of British peer Just Eat
unconditional, though the two companies still need a competition
authority's approval before merging operations.

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