Reuters - Deals Today

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Monday, July 17, 2017

China cracks down on Dalian Wanda's overseas deals: sources

BEIJING/HONG KONG (Reuters) - China's regulators have told banks to stop providing funding for several of Dalian Wanda Group's overseas acquisitions as Beijing looks to curb the conglomerate's offshore buying spree, sources familiar with the matter said on Monday.

Volkswagen considers options for transmissions maker Renk: sources

FRANKFURT (Reuters) - Volkswagen is considering options for majority-owned transmissions maker Renk , as the German carmaker streamlines operations to help fund an overhaul following its emissions scandal, people close to the matter said.

Carlyle to buy airfield lighting group ADB Safegate

(Reuters) - U.S. buyout firm Carlyle Group LP said it agreed to buy airfield lighting group ADB Safegate from private equity group PAI Partners.

Austria's BAWAG PSK buys Germany's Suedwestbank

VIENNA (Reuters) - BAWAG PSK, the Austrian bank owned by private equity group Cerberus Capital Management, bought German regional lender Suedwestbank for an undisclosed price to expand its network in western Europe, BAWAG said on Monday.

EFG, BTG Pactual settle on final BSI price at $1 billion

ZURICH (Reuters) - Switzerland's EFG International and Brazil's BTG Pactual have struck a deal on the final price for BSI Bank at just under 1 billion Swiss francs ($1.04 billion), after billions in outflows at BSI had pushed down the value of the transaction.

Church & Dwight to buy Water Pik for about $1 billion

(Reuters) - Arm & Hammer toothpaste maker Church & Dwight Co Inc said on Monday it would buy Water Pik Inc, which makes oral hygiene products and shower heads, for about $1 billion in cash.

Centrica merges oil business with Bayerngas to tap younger fields

LONDON (Reuters) - Centrica has agreed with Bayerngas Norge to merge the companies' North Sea assets, creating the region's largest non-major oil and gas producer and allowing Centrica access to younger fields and to lower its decommissioning liabilities.

Axel Springer sells Berlin real estate assets for 755 million euros

FRANKFURT (Reuters) - German publisher Axel Springer on Monday said it sold two Berlin real estate assets for 755 million euros.

San Miguel president Ang to buy Philippine Daily Inquirer group

MANILA (Reuters) - San Miguel Corp's billionaire president on Monday said he will buy a majority stake in the Inquirer Group of Companies, one of the Philippines' biggest media firms and publisher of the country's most-read broadsheet, the Philippine Daily Inquirer.

Jimmy Lai magazine sale stokes concern over HK media landscape

HONG KONG (Reuters) - Hong Kong media company Next Digital Ltd, founded by tycoon and outspoken Beijing critic Jimmy Lai, said on Monday it plans to sell its flagship magazine and four others to a local businessman for HK$500 million ($64.08 million).