Deals of the day-Mergers and acquisitions

·1-min read

(Adds Malaysia Airlines, updates Hexcel, Mastercard)

April 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Aircraft parts suppliers Hexcel Corp and Woodward Inc abandoned their planned $6.4 billion all-stock merger, the first major deal to fall through in an industry battered by coronavirus-led lockdowns around the world.

** Privately held Golden Skies Ventures (GSV) has made a $2.5 billion offer to fully take over the holding company of ailing state carrier Malaysia Airlines, with financing from a European bank, its executives told Reuters.

** EU antitrust regulators said Mastercard Inc's plan to buy part of Scandinavian payments group Nets is a significant threat to competition in Europe based on information from six countries including Britain.

** Kenya's leading telecom firm Safaricom and South Africa's Vodacom said that they had completed the acquisition of popular mobile money platform M-Pesa from Britain's Vodafone.

** Dubai-listed National Central Cooling Co (Tabreed) has bought an 80% stake in Emaar Properties' Downtown Dubai district cooling business for 2.48 billion dirhams ($675 million), the companies said.

** Oil Search Ltd wants to raise A$1.1 billion ($666 million) through a share sale to shore up its balance sheet against weak oil prices through 2021, two people who have been approached about the capital raising said.

** A Malaysian company has proposed a fresh capital injection and to assume the debts of Malaysia Airlines (MAS), in a formal takeover bid of the ailing national carrier, according to a report by The Edge Malaysia. (Compiled by Shanti S Nair and Ayanti Bera in Bengaluru)

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