Deals of the day-Mergers and acquisitions

Alimentation Couche-Tard

19/03/2025 20:16

Adds IMG Arena, Safran, Wiz, Colonial Pipeline, Eni, Alimentation Couche-Tard, Viridium Group, Commerzbank, Axel Springer and Spar Nord Bank

March 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Sports technology company Sportradar Group has entered into a definitive agreement to acquire IMG Arena and its portfolio of global sports betting rights from Endeavor Group Holdings, Inc, Sportradar said. nL8N3Q2152

**  French engine and aircraft equipment maker Safran SAF.PA has offered the sale of a business in North America which it agreed in December, as a remedy to address EU concerns about its $1.8 billion bid for Collins Aerospace's flight controls business, a person with direct knowledge of the matter said. nL1N3Q20US

** The venture capital firms that invested in cybersecurity firm Wiz, which agreed to a $32 billion buyout by Google's parent Alphabet GOOGL.O, stand to reap returns as high as 200 times for seed investors, among them Sequoia Capital, Cyberstarts and Index Ventures. nL6N3Q20NU

** Brookfield Asset Management BAM.TO is emerging as the frontrunner to acquire Colonial Pipeline, in a deal that could value the pipeline operator at $10 billion or more including debt, Bloomberg News reported, citing people familiar with the matter. nL4N3Q21GH

** Vitol will buy stakes in West African oil and gas assets from Italy's Eni ENI.MI, bolstering the global commodity trading house's position in the upstream sector, as it seeks to reinvest the huge profits it has been generating since 2022. nL8N3Q20AK

** Alimentation Couche-Tard ATD.TO CEO Alex Miller said no non-disclosure agreement had been signed over potential stores needed to be sold by the Canadian company and Japan's Seven & i to meet U.S. antitrust conditions for a deal. nL1N3Q20H4

** A consortium that includes Allianz ALVG.DE, BlackRock and T&D Holdings are investing in Viridium Group in a 3.5 billion euro ($3.82 billion) deal that will see the private equity company Cinven exit as a majority investor, the companies said. nL8N3Q20X4

** A deadline for German antitrust authorities to give possible initial approval for Italy's UniCredit CRDI.MI in taking a substantial stake in Germany's Commerzbank CBKG.DE expires on April 14, a spokesperson for the regulator said. nS8N3OA0B3

** German media group Axel Springer is considering a sale of its affiliate marketing unit Awin, according to three people familiar with the matter, following the planned break-up its owners agreed last year. nL8N3Q00JW

** Danish lender Nykredit said it has secured a stake of more than 80% in Spar Nord Bank SPNO.CO following a $3.6 billion bid for its domestic rival last year, and aims to complete a takeover and a delisting of the bank's stock. nL8N3Q20II

** British asset manager Intermediate Capital Group ICGIN.L plans to sell PSB Academy, one of Singapore's largest independent tertiary education institutions, the Wall Street Journal reported, citing people familiar with the situation.

nL4N3Q20MP

** Drugmaker Pfizer PFE.N has sold its entire stake in Haleon HLN.L for about 2.5 billion pounds ($3.24 billion) to institutional investors and the consumer healthcare firm at 385 pence per share, a bookrunner for the deal said.

nL4N3Q20JO

** Volkswagen VOWG.DE said it sold a 2.2% stake in Traton 8TRA.DE for 360 million euros ($393 million) or 32.75 euros per share for better trading in shares of the commercial-vehicles subsidiary.

nL8N3Q208F

 (Compiled by Rajarshi Roy, Ateev Bhandari and Aatreyee Dasgupta in Bengaluru)

 ((Ateev.Bhandari@thomsonreuters.com;))