Deals of the day-Mergers and acquisitions

4ig.

10/01/2023 10:49

Jan 10 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 10:30 a.m. GMT on
Tuesday:
    ** Private-equity firm Carlyle Group  CG.O  has acquired a
majority stake in Indian beauty care and wellness solutions
provider VLCC for around $300 million, two sources told Reuters.
    ** Swedish venture capital group Triton said it had made a
rival offer for Finnish construction systems provider Caverion
 CAV1V.HE  that valued the takeover target at around 1.09
billion euros ($1.17 billion).
    ** Hungary's government has declared local IT firm 4iG's
purchase of a 51% stake in Vodafone's Hungarian unit a
transaction of national strategic interest, exempting the deal
from competition scrutiny, according to a decree published late
on Monday.
    ** Australia's Norwest Energy NL  NWE.AX  recommended its
shareholders reject Mineral Resources (MinRes) Ltd's  MIN.AX 
unsolicited $223 million offer to take full control of the oil
and gas explorer.
    ** Oil tanker company Frontline  FRO.OL  said a $4.2 billion
deal to merge with rival Euronav NV  EUAV.BR  was terminated, a
combination which would have created the world's largest
publicly listed tanker company.
    ** CVS Health Corp  CVS.N  is exploring acquisition of
primary care center operator Oak Street Health Inc  OSH.N ,
Bloomberg News reported on Monday, citing people familiar with
the matter.
 (Compiled by Rajarshi Roy and Aditya Samal in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))