Deals of the day-Mergers and acquisitions

Kakaku.com

Wed 20:34

Adds Unilever, Intermex, Ozon, Credit Agricole; Updates Snam, Turlov
Nov 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Wednesday:
     
** Britain's competition watchdog told consumer goods group Unilever ULVR.L and US spice maker McCormick they must address competition concerns in recipe mixes and sauces or face an in-depth investigation of their planned $65-billion food deal.
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** Intermex rejected Western Union's WU.N decision to terminate their merger agreement, demanding the money transfer company take all necessary actions to complete the deal.
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** Russian e-commerce company Ozon said that businessman Alexander Chachava's entities had lost control of JSC O23, which owns a 34.95% stake in Ozon.
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** France's Credit Agricole CAGR.PA has signalled to Italy it would be open to a sale of fund manager Anima Holding ANIM.MI as part of the merger deal it has proposed with Banco BPM BAMI.MI, two people with direct knowledge of the matter said.
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** Italy's gas grid operator Snam SRG.MI has signed an exclusivity agreement to sell its Agri Biomethane business to Italian fund F2i and biogas developer Femo Gas, Snam's finance and international asset management chief said.
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** An investment company owned by Kazakh billionaire Timur Turlov plans to buy a majority stake in the parent company of one of Kazakhstan's largest agricultural groups in a deal worth $300 million, according to a filing with the US Securities and Exchange Commission.
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** Canada's Fairfax Financial Holdings FFH.TO plans to exit its nearly 11% stake in India's IIFL Finance IIFL.NS, two people familiar with the discussions said.
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** Swedish private equity firm EQT EQTAB.ST has raised its bid to buy Japan's Kakaku.com 2371.T to 3,700 yen per share from 3,683 yen per share, a filing showed.
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 (Compiled by Rajarshi Roy, Sumit Saha and Anshuman Tripathy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))