Deals of the day-Mergers and acquisitions

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds: KfW, Brookfield Reinsurance, Microsoft, Anglo American Plc, CVS Health Corp, Ancora Group Holdings, TP ICAP) Feb 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Wednesday:
** "Call of Duty" maker Activision Blizzard said it hoped it could help Britain's competition regulator better understand the gaming industry after it said the acquisition of Activision Blizzard by Microsoft could harm gamers.
** German state lender KfW is in advanced talks to take a minority stake in the high-voltage power grid owned by EnBW , three people familiar with the matter said, in a sign that Berlin is tightening its grip on energy assets.
** Financial services firm Brookfield Reinsurance , said it would acquire insurer Argo Group International Holdings in a deal valued at $1.1 billion.
** Anglo American Plc will buy a 9.9% stake in Canada Nickel Co Inc , the owner of the Crawford nickel project in Ontario, in its bid to expand production of the niche metal, the London-listed miner said.
** CVS Health Corp will buy Oak Street Health Inc for about $9.5 billion in cash, joining rivals in adding primary care to its portfolio as pressure mounts on its health insurance unit.
** Ancora Group Holdings, a key shareholder in U.S. auto retailer IAA , has accumulated a 0.5% stake in Canada's Ritchie Bros Auctioneers and is publicly challenging investors who oppose their planned merger, according to documents seen by Reuters.
** TP ICAP , the world's largest inter-dealer broker, terminated talks to sell its data division Parameta for about 1.5 billion pounds ($1.81 billion), a report from Sky News said.
** Amsterdam-listed mobile telecoms operator VEON said it had won approval from Russian regulatory authorities for the proposed sale of its Russian operations, driving up its shares.
** Sabadell has picked Italian payments group Nexi as the preferred bidder to acquire the Spanish bank's retailers' payments business, two sources with knowledge of the matter said.
** Private equity firm Northstar Group is considering the sale of Singapore's Innovalues in a deal that could value the precision machine parts maker at over S$500 million ($377.47 million), two sources with knowledge of the matter told Reuters.
** Indigo Partners-backed budget carrier JetSMART Airlines said on Tuesday it wanted to buy Colombian low-cost carrier Viva Air, in a move that if successful would scupper Viva's plans to merge with Colombian flag carrier Avianca . (Compiled by Priyamvada C and Rajarshi Roy in Bengaluru)

Rajarshi.Roy@thomsonreuters.com;))
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