M&A News: Vinci, Berkshire Partners, Lightower, Sidera, Avis, Zipcar
1. Portugal is selling its state-owned airport operator, ANA Aeroportos de Portugal, to Paris-based Vinci for $4.1 billion. Vinci already runs airports in France and Cambodia.
2. Buyout firm Berkshire Partners will acquire Lightower Fiber Networks and Sidera Networks in a $2 billion deal. The companies’ customers include data centers and financial exchanges.
3. Bridas International, an oil holding controlled by Argentina’s billionaire Bulgheroni brothers, will invest $1.5 billion, together with the country’s No. 1 energy company YPF, to develop shale oil reserves in Patagonia.
4. A group led by China Steel and Posco will pay $1.1 billion for 15 percent of ArcelorMittal Mines Canada to secure supplies of iron ore from two mines.
5. Taiwan’s No. 2 publicly traded financial company, Fubon Financial Holding, is acquiring China’s First Sino Bank for $906 million.
6. In the biggest Japanese investment in a Vietnamese bank to date, Mitsubishi UFJ Financial Group will pay $743 million for 20 percent of VietinBank.
7. Private equity firm Carlyle Group, together with Swiss bank Pictet & Cie and others, will pay $666 million for Duff & Phelps, the New York investment banking firm started in 1932.
8. Avis Budget Group will pay $491 million for car-sharing company Zipcar, as short-term rentals become more important in the industry. Zipcar has more than 760,000 members in 20 cities in the U.S., Canada, and Europe.
9. Spain’s biggest utility, Iberdrola, sold its French renewables unit to General Electric, Meag, and Electricité de France for $462 million.
10. Two sweaters hand-knit by Myanmar’s leader Aung San Suu Kyi more than two decades ago fetched $123,000 at an event to raise money for education and health projects in Myanmar.