Deals of the day-Mergers and acquisitions

Reuters
17 Apr
Deals of the day-Mergers and acquisitions

Adds Global Payments, Mediobanca, ABB, BNP Paribas

April 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:

** Fintech company Global Payments < GPN.N > has agreed to buy rival Worldpay from FIS < FIS.N > and private equity firm GTCR for $22.7 billion, sharpening its focus on merchant services in its race for big-business clients in a crowded payments market.

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** Shareholders in Monte dei Paschi di Siena BMPS.MI on Thursday backed a 12.5 billion euro ($14 billion) takeover offer for Mediobanca MDBI.MI, clearing a first hurdle for the hostile bid targeting a prestigious name in Italian finance. nL8N3QV0GB

** Swiss industrial group ABB ABBN.S on Thursday announced plans to spin off its robotics division in the biggest shake up at the company since it sold its power grids business to Japan's Hitachi 6501.T in 2018. nL8N3QV037

** BNP Paribas BNPP.PA embarked on a 5.1 billion euro ($5.8 billion) purchase of an asset management business last year expecting regulators would let it through with minimal impact on the bank's capital, people familiar with the matter said, a model some peers were keen to replicate. nL8N3QS14W

** UK's Wood Group WG.L said it has extended the deadline for a takeover offer by Dubai-based Sidara to May 15 from April 17

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** Abu Dhabi sovereign wealth fund Mubadala Investment Company said it would acquire a minority stake in UK-based private school operator Nord Anglia Education for $600 million, joining a consortium led by private equity giant EQT EQTAB.ST.

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** Parcel locker company InPost INPST.AS has acquired Yodel, one of Britain's biggest parcel delivery firms, it said, a move that will make the Polish group the third-largest independent logistics player in the UK.

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** Barclays BARC.L has agreed terms for Brookfield Asset Management to buy most of its British payments business, the bank said, ending a more than year-long effort to offload the business which processes payments for retailers.

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** Two funds managed by British investment manager Foresight Group LLP said on Wednesday they would buy battery storage investment firm Harmony Energy Income Trust HEIT.L in a deal that values the company at about 209.9 million pounds ($277.9 million). nL4N3QU19P

(Compiled by Rajarshi Roy and Katha Kalia in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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