CIM 0.00% $22.00 cimic group limited

News: CIM Deals of the day-Mergers and acquisitions

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    April 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:

    • German construction group Hochtief HOTG.DE wants to completely take over its Australian subsidiary CIMIC Group Ltd (CIM) , Chief Executive Marcelino Fernandez Verdes said.

    • Spanish billionaire and Zara founder Amancio Ortega has agreed to pay 215 million pounds ($270 million) to buy one of the largest single-office buildings in Scotland from HFD Group, his private office said.
    • The German government has stopped a Chinese company from purchasing a German medical device manufacturer, citing public safety concerns, German daily Handelsblatt reported.

    • Tata Group-owned Air India has proposed to buy the entire equity share capital of low cost carrier AirAsia India, in which Tata has a majority stake, to merge into a single airline, according to an application with India's competition commission.
    • French blue chip Schneider Electric SCHN.PA will sell its operations in Russia and Belarus to the local management, the electrical equipment maker said as it signed a letter of intent with the designated buyers.
    • Australian wealth manager AMP Ltd (AMP) will sell the real estate and domestic infrastructure equity business of its asset management unit, AMP Capital, to Dexus (DXS) for up to A$550 million ($392.8 million), the companies said.
    • Keppel Corp KPLM.SI said it signed a definitive agreement for a proposed merger of its offshore and marine (O&M) business with smaller rival Sembcorp Marine Ltd SCMN.SI .
    • Tesla Inc TSLA.O lost $126 billion in value on Tuesday amid investor concerns that Chief Executive Elon Musk may have to sell shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter Inc TWTR.N .
    • Ted Baker TED.L has received "a number" of proposals from potentially interested suitors, it said on Wednesday, after the fashion retailer put itself up for sale earlier this month.
 
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