(Adds: Davie Shipbuilding, Cameco Corp, Consolidated Communications Holdings Updates: Raymond, Australia’s Mineral Resources,)
The following deals, mergers, acquisitions and divestitures were reported at 1500 GMT on Friday:
** Canadian company Davie Shipbuilding has completed the purchase of Helsinki Shipyard, maker of Arctic icebreaker ships, from Russian company Algador Holdings, after obtaining approval from regulators, a Davie said.
** The British competition regulator has cleared Cameco Corp CCO.TO and Brookfield Renewable Partners’ acquisition of Westinghouse Electric, a maker of equipment for nuclear power plants, for $7.9 billion.
** India’s Raymond RYMD.NS said it would pay 6.82 billion rupees ($82 million) for a majority stake in an auto parts maker, doubling down on its shift into engineering and real estate , to the detriment of its textile business, which was once its mainstay.
** Wildcat Capital Management, a major shareholder in Consolidated Communications Holdings CNSL.O , said it plans to vote against the $3.1 billion buyout by a consortium of investors because it undervalues the broadband service provider.
** The Australian company Mineral Resources (MinRes)
MIN.AX purchased additional shares in lithium mining company Azure Minerals AZS.AX, increasing its stake to 12.29%.
** UK electrical retailer Currys
CURY.L said it would leave Greece after agreeing to sell its Kotsovolos unit to Greek power company Public Power Corporation DEHr.AT for an enterprise value of 175 million pounds ($214 million).
** Arvind Fashions ARVF.NS said it would sell its beauty brands division, which sells products from LVMH-owned Sephora beauty chain LVMH.PA , to billionaire Mukesh Ambani’s retail unit , Reliance Retail, for 990.2 million rupees ($11.89 million).
** Australia’s Tietto Minerals TIE.AX said a unit buyout offer for China’s Zhaojin Mining Industry 1818.HK “materially undervalues” the company.
**Australian investment manager Regal Partners
RPL.AX said it had agreed to buy leading financial services provider PM Capital Ltd, which would bring its total funds under management to A$10.8 billion ($6.94 billion) over a pro-forma basis.
**Bunge has filed for regulatory approvals for its merger with Viterra in “major jurisdictions” of North and South America, Europe and China, and has received the green light from some of its smaller markets, including including Colombia, said Greg Heckman, Bunge’s chief executive.
** Cedar Fair FUN.N and Six Flags Entertainment SIX.N have agreed to merge to spur the recovery from the 19-year-old bird flu pandemic that U.S. theme park operators are seeking, as consumers cut back on spending due to uncertain economic prospects.