Deals of the day-Mergers and acquisitions

(Adds Commerzbank, Dorna Sports, XRG, A2A, Brava Energia, Champion Iron)

Dec 19 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Thursday:

** Germany will not subject any potential takeover of Commerzbank by Italy’s UniCredit to an investment screening, a German government source said.

** The European Commission opened an in-depth investigation into the proposed acquisition of Dorna Sports by Liberty Media, the EU said in a statement

** XRG, the international investments arm of Abu Dhabi National Oil Company (ADNOC), will become the majority owner of Covestro, it said, after shareholders in the German chemicals maker approved a takeover offer.

** Italian utility A2A said it reached an agreement to sell part of its gas distribution network in northern Italy to smaller rival Ascopiave.

** Brazil’s Brava Energia reached an agreement to sell assets from Potiguar Basin to PetroReconcavo , newspaper O Globo reported, citing sources.

** Australia’s Champion Iron said Japanese steelmaker Nippon Steel and trading house Sojitz will buy a 49% stake in the company’s Kami project in Canada for C$245 million ($170.41 million).

** Swiss technology firm SoftwareOne said it had agreed to buy Crayon Group in a stock and cash deal which values its Norwegian competitor at $1.4 billion.

** Spanish state-held shipbuilder Navantia will acquire the shipyards of Britain’s Harland & Wolff, the Belfast-based company best known for building the Titanic, the British government said.

** KKR extended its tender offer period for Fuji Soft to Jan. 9 as it battles rival U.S. private equity firm Bain Capital for control of the Japanese software maker.

** Czech billionaire Daniel Kretinsky’s energy holding company EPH has signed a deal to acquire Italian group Enel’s stake in Slovak electricity producer Slovenske Elektrarne, the companies said late on Wednesday.

** Finland’s Fortum said it had agreed to buy a project development portfolio for renewable power from Finnish energy company Enersense for around 9 million euros ($9.37 million).

** Australia’s Champion Iron said Japanese steelmaker Nippon Steel and trading house Sojitz will buy a 49% stake in the company’s Kami project in Canada for A$245 million ($152 million).

** Brazilian shopping malls operator Iguatemi announced on Wednesday it signed a binding memorandum of understanding to buy stakes in Sao Paulo’s Patio Paulista and Patio Higienopolis malls, in a deal worth nearly 2.6 billion reais ($412 million).

** South African miner Sibanye Stillwater has struck a $500 million streaming agreement with Franco-Nevada Corp, Sibanye said, as it seeks to boost its finances after a slump in platinum group metal prices.

** Greece’s biggest oil refiner Helleniq Energy has agreed to sell its 35% stake in gas supplier DEPA Commercial to the country’s privatisation agency HRADF for 208 million euros ($216 million), Helleniq said.

** Sony Group said it will invest about 50 billion yen ($320 million) to acquire new shares of Kadokawa, raising its stake in the Japanese media powerhouse to around 10% and becoming Kadokawa’s top shareholder. (Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)

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