((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
(Additions: Expobank, CVC Capital Partners, Virgin Music, Updates: Shyft)
The following deals, mergers, acquisitions and divestitures were reported before 2030 GMT Monday:
** Shyft Group SHYF.O and Swiss company Aebi Schmidt will merge in an all-stock deal, the companies said, sending shares of the U.S. specialty vehicle maker up 13 percent.
** Russian bank Expobank said it had completed its merger with HSBC’s former Russian unit HSBA.L and entered the ranking of Russia’s top 30 banks by capital.
** CVC Capital Partners CVC.AS plans to buy Vivendi VIV.PA’s stake in Telecom Italia TLIT.MI , which could pave the way for a potential takeover of the Italian telecommunications company, Bloomberg News reported.
** Virgin Music Group, the global independent music unit of Universal Music Group UMG.AS, said it will acquire Downtown Music in an all-cash transaction valued at $775 million (737. 32 million euros).
**Private equity firm Carlyle has agreed to sell Italian company Forgital, which makes forged components primarily for the aerospace sector, to U.S. alternative investment firm Stonepeak, the two companies said.
** Berkshire Hills Bancorp
BHLB.N
et Brookline Bancorp
BRKL.O have agreed to merge in an all-stock deal valued at about $1.1 billion, regional lenders said.
** Phillips 66 PSX.N said it would sell a 25% non-operating stake in the Gulf Coast Express Pipeline to ArcLight Capital Partners for about $865 million.
** Wee Hur Holdings WHHL.SI , a Singapore-based real estate investment management company, said it would sell its student housing portfolio to real estate asset manager Greystar for a gross price of 1.6 billion Australian dollars ($1.02 billion).
**Honeywell HON.O said it was considering a plan to spin off its high-margin aerospace business, a move backed by activist investor Elliott Investment Management, which has pushed for the company’s breakup.
** Czech billionaire Daniel Kretinsky’s EP Group said it had agreed terms with the British government for its takeover of Royal Mail’s parent company, paving the way for a green light for the tightly controlled operation.
**Thai tourism group Minor International
MINT.BK has offered to buy out the minority shareholders of Spain’s Minor Hotels Europe & Americas NHH.MC, the Spanish company said late Friday.
** German insurer Allianz ALVG.DE has withdrawn its offer to acquire at least 51% of Singapore’s Income Insurance for around $1.63 billion, the company said in a statement.
** Singapore’s Capitaland Investment CAPN.SI said it would acquire the real estate investment management and corporate credit businesses of Australian investment manager Wingate Group for A$200 million ($127.32 million). dollars), in addition to an additional price.
** UniCredit CRDI.MI filed its takeover offer for rival Banco BPM BAMI.MI with the Italian market regulator on Friday, and managing director Andrea Orcel said the price was adequate.
