Deals of the day-Mergers and acquisitions

Allfunds

27/03/2024 20:06

(Adds Austria's Strabag, and Allfunds)
       March 27 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
Wednesday:
    
    ** Dutch infrastructure group VTTI and German asset manager
IKAV have teamed up to buy a majority stake in Italy's biggest
liquefied natural gas terminal, VTTI said.  urn:newsml:reuters.com:*:nL5N3G55BN
        
  
        ** SIX Group has ruled out making a bid for fund
distribution group Allfunds  ALLFG.AS  after studying an
acquisition, and will instead consider other deals that can
expand its data business or give it access to new asset classes,
its CEO Jos Dijsselhof told Reuters.  urn:newsml:reuters.com:*:nL5N3G56AB
  
        
  
        ** Apax Partners is weighing options, including a sale,
for its British insurance broker PIB Group, three people
familiar with the matter told Reuters. urn:newsml:reuters.com:*:nL5N3G560P
  
        
  
    ** Russian tycoon Oleg Deripaska's 1.5 billion euro ($1.62
billion) stake in Austria's Strabag  STRV.VI  has been
transferred to another firm registered in Russia whose ownership
is unclear, the Vienna-based building company said.  urn:newsml:reuters.com:*:nL5N3G51KD
    
        ** Canadian gold miner Alamos Gold  AGI.TO  will acquire
smaller rival Argonaut Gold  AR.TO  for $325 million in an
all-stock deal, the companies said.
  
         urn:newsml:reuters.com:*:nL3N3G52V1
  
        
  
        ** The chairman of Italian carrier ITA Airways said the
planned merger with Lufthansa has the full backing of both the
German airline and the Rome government, and he was confident it
would go ahead despite objections from Brussels.
  
         urn:newsml:reuters.com:*:nR1N3D701J
  
        
  
        ** German broadcaster ProSiebensat.1  PSMGn.DE  pushed
back against a proposal by MFE-MediaForEurope  MFEB.MI  to split
up the company and called on shareholders to vote down its top
investor's plan at the annual general meeting next month.
  
         urn:newsml:reuters.com:*:nL5N3G527B
  
        
  
        ** International Paper  IP.N  has stirred up a potential
bidding war over British paper packaging firm DS Smith  SMDS.L ,
making a takeover offer that sent the shares of the FTSE-100
target over a two-year high.
  
         urn:newsml:reuters.com:*:nL3N3G43UD
  
    
    ** German rail operator Deutsche Bahn  DBN.UL  said that it
will take some time to evaluate the offers received for its
logistics subsidiary Schenker after the submission deadline.
     urn:newsml:reuters.com:*:nS8N36E02A
    
    ** Between seven and 10 companies have made non-binding
offers for Schenker, the logistics subsidiary of German national
rail company Deutsche Bahn, the Handelsblatt business daily
reported, citing sources familiar with the matter.
     urn:newsml:reuters.com:*:nS8N3FX06W

    ** Renault  RENA.PA  plans to sell a stake of about 2.5% in
Nissan  7201.T  shares to the Japanese car maker in a deal that
could generate up to 362 million euros ($392 million), the
French firm said.
     urn:newsml:reuters.com:*:nL5N3G51U8
    
    ** German nationalised energy company SEFE will take full
ownership of gas transmission network WIGA by buying out joint
venture partner Wintershall Dea  WINT.UL  in the latest sign of
Berlin tightening its grip on energy infrastructure.
     urn:newsml:reuters.com:*:nL5N3G444A

    ** MKAO Rasperia Trading Limited, a Strabag  STRV.VI 
shareholder formerly controlled by Russian businessman Oleg
Deripaska, was sold to Russian company Iliadis JSC, the Austrian
construction firm said.
     urn:newsml:reuters.com:*:nL5N3G51KD

    ** Swiss Steel Group  STLN.S  said its French unit Ascometal
ended exclusive talks announced in December over the sale of
several of its sites in France to Italian steelmaker Acciaiere
Venete.
     urn:newsml:reuters.com:*:nL5N3G50XM
    
    ** U.S. oil refiner Phillips 66  PSX.N  is exploring a sale
of its 25% stake in the Rockies Express Pipeline that it hopes
could be worth more than $1 billion, including debt, people
familiar with the matter said on Tuesday.
     urn:newsml:reuters.com:*:nL2N3G43AD

 (Compiled by Rajarshi Roy, Puyaan Singh and Priyanka G in
Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))