(Adds Ossur Hf, Social Finance)
April 7 (Reuters) – The following deals, mergers, acquisitions and divestitures were announced at 20:00 GMT on Tuesday:
** Online student lender Social Finance Inc has agreed to acquire payments and banking technology provider Galileo Financial Technologies for $1.2 billion in cash and stock, the companies said.
**Icelandic Ossur Hf has obtained U.S. antitrust approval to buy College Park Industries on the condition that it sell the U.S. company’s prosthetic elbow business, the Federal Trade Commission has said.
**Japanese Softbank Group Corp has reached an agreement to invest 250 million reais ($48 million) in online pet products retailer Petlove.
**Dubai-based private equity firm Gateway Partners has acquired a 40% stake in coffee and breakfast chain Tim Hortons’ Gulf franchise, two sources familiar with the matter told Reuters.
** Commodities trader Glencore Agriculture has offered $325 million for the minority stake in Argentina’s Renova soybean crushing plant owned by bankrupt family business Vicentin, two sources familiar with the negotiations told Reuters.
** Infineon Technologies said it has received final regulatory clearance for its takeover of US Cypress Semiconductor and funding is in place to complete the deal.
** With their sales hammered by the coronavirus outbreak, automakers Fiat Chrysler and owner Peugeot PSA have postponed shareholder meetings and are looking for ways to boost cash reserves ahead of their planned merger.
**Total said it sold assets in Brunei, Sierra Leone and Liberia, which the French energy group said had a total value of more than $400 million.
**Private company Golden Skies Ventures (GSV) has made a $2.5 billion bid to fully take over the holding company of troubled state carrier Malaysia Airlines, with funding from a European bank, Reuters told Monday its leaders.
** Airbnb said on Monday that private equity firms Silver Lake and Sixth Street Partners would invest $1 billion in the US home rental company, bolstering its finances at a time when the coronavirus outbreak has upended the industry travel and leisure. (Compiled by Shanti S Nair andayanti Bera in Bengaluru)
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