Deals of the day

        Source:24 Ore Radiocor-Newswire International Edition Date:2014-06-02 11:50:49

        Summary of main M&A news on May 29 (Il Sole 24 Ore Radiocor) - New York, 29 May - Summary of main M&A news on May 29 -- The top shareholder in Italy's mid-tier lender Banca Carige is moving to sell an additional 10% stake in the Genoa-based bank before the launch of a capital increase in mid-June.

        -- German telecommunications giant Deutsche Telekom agreed to a plan by Japanese mobile company Softbank to buy T-Mobile US, Japanese news agency Kyodo reported citing industry sources. The German company owns a 67% stake in T-Mobile US, which is the fourth-largest wireless provider in the U.S. after Verizon Wireless, AT&T Mobility and Sprint.

        -- French private equity firm Ardian said it has agreed to acquire a 72% stake in Italian software products and technological services company Rgi Group from Italian private equity firm 21 Investimenti and other investors. Financial details were not disclosed.

        -- Dutch pension fund asset manager APG Asset Management said it has agreed to commit up to 650 million dollars to acquire about 20% of Chinese warehouse developer and operator e-Shang and to create a joint venture with the firm to develop and own institutional-grade modern logistics real estate assets across China.

        -- Private equity group 3i said it sold automotive engine and transmission components maker Hilite to Avic Electromechanical Systems, a unit of Aviation Industry Corporation of China, in a deal with an enterprise value of 473 million euros, or 384 million pounds.

        -- The UK investment company Man Group said that it is in talks to buy Numeric Holdings. "These discussions are ongoing and may or may not lead to a transaction," it added.

        -- The Italian lender Banca Popolare di Vicenza (BPVi) said that it is offering 1 euro per share for its peer Banca Popolare dell'Etruria e del Lazio (BPEL), a 25.8% premium over BPEL's share price on May 27.

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