Deals of the day-Mergers and acquisitions

(Adds: TFG, Evergrande New Energy Vehicle, Fnac Darty Updates: Capri)

Oct 25 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 1533 GMT on Friday:

** South African fashion and homewares retailer TFG has bought UK-based fashion and lifestyle retailer White Stuff, it said, in a deal that will help it reach “critical mass”.

** China Evergrande New Energy Vehicle said that its potential sellers have decided to cease talks for a stake sale in the company, which is the electric vehicle unit of the debt-laden China Evergrande.

** Fnac Darty confirmed the terms of its takeover bid for Italian consumer electronics distributor Unieuro.

** Capri shares slumped nearly 46% on Friday after a U.S. judge blocked its pending $8.5 billion merger with Coach parent Tapestry, hurting the Michael Kors owner’s chances of navigating challenges at the luxury brand.

** Air France-KLM wants to take part in the privatisation of Portugal’s carrier TAP and is open to various options the government may offer, including purchasing a minority stake, a source familiar with the matter told Reuters.

** Abu Dhabi’s ADNOC said that the acceptance period for its voluntary public takeover offer for German chemicals maker Covestro has started, with an end date of Nov. 27.

** UK’s Castle Water is looking to acquire a controlling stake in Thames Water, the Financial Times reported, citing people familiar with the matter.

** Building materials provider Quikrete has approached rival Summit Materials, which has a market value of more than $7 billion, with an acquisition offer, people familiar with the matter said on Thursday.

** Avangrid, part of the Iberdrola Group, has completed the sale of its Kitty Hawk North offshore wind lease to Dominion Energy at $160 million, the company said on Thursday.

** British oil giant BP said on Thursday it has taken full ownership of Lightsource BP, after closing the previously announced buyout of the remaining equity in the solar developer.

** Brazilian meatpacker JBS and Mexico’s Sigma Alimentos are among those competing to acquire Oscar Mayer, the hot dogs and cold cuts business of packaged food giant Kraft Heinz, according to people familiar with the matter.

** Asset manager HMC Capital will acquire Global Switch Australia in A$1.94 billion ($1.29 billion) deal, the Australian firm said on Thursday, as the company looks to tap into the booming data centre sector. (Compiled by Rajarshi Roy and Rishi Kant in Bengaluru)

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