Deals of the day-Mergers and acquisitions

Artisan Partners Asset Management

28/08/2024 14:47

(Adds: Rosneft, Walt Disney Co and GRM Overseas)
       Aug 28 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Wednesday:

        ** Qatar is in talks with the German government over
possibly buying Russian energy group Rosneft's  ROSN.MM  stake
in Germany's PCK Schwedt refinery, which Berlin placed under
trusteeship following Russia's invasion of Ukraine, Business
Insider news website reported.
  
         urn:newsml:reuters.com:*:nS8N3J3076
  
        
  
        ** Walt Disney Co  DIS.N  and Reliance Industries
 RELI.NS  won approval for an $8.5 billion merger of their
Indian media assets after assuaging regulatory worries about
their grip on broadcasting rights for cricket, India's favourite
sport.
  
         urn:newsml:reuters.com:*:nL4N3KF0US
  
        
  
        ** GRM Overseas  GRMO.NS , India's third-largest rice
exporter, said it bought a 44% stake in the parent of instant
coffee maker Rage Coffee, as a part its move to invest in
various new-age consumer brands.
  
         urn:newsml:reuters.com:*:nL4N3KF0QH
  
    
    ** Air France-KLM  AIRF.PA  said it had completed the
acquisition of a 19.9% stake in Scandinavian airline SAS, which
has emerged from Chapter 11 bankruptcy proceedings in the United
States.  urn:newsml:reuters.com:*:nL8N3KE1LU

    ** British sportswear and apparel retailer Frasers  FRAS.L 
said it has purchased a 14.65% stake in Australian sportswear
retailer Accent Group Limited.  urn:newsml:reuters.com:*:nL4N3KF0FW

    ** Japan's Seven & i Holdings  3382.T  must act fast to
negotiate a takeover bid from Canada's Alimentation Couche-Tard
ATD.TO that has "historic implications", said a fund manager at
shareholder Artisan Partners Asset Management  APAM.N .
 urn:newsml:reuters.com:*:nL1N3KF02T

    ** Two bidding groups led by Blackstone and IFM Investors
lodged final offers to buy Australian data centre group AirTrunk
in a transaction worth about A$20 billion ($13.55 billion),
according to two sources with direct knowledge of the matter.
 urn:newsml:reuters.com:*:nL1N3KE0DD

 (Compiled by Rajarshi Roy and Harshita Mary Varghese in
Bengaluru; Editing by Shreya Biswas)
 ((Rajarshi.Roy@thomsonreuters.com;))