Deals of the day-Mergers and acquisitions

ASIANA AIRLINES

02/11/2023 13:52

(Adds: Kelly Services, EQT AB  Updates: Cedar Fair, Mitsui)
       Nov 2 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1400 GMT on
Thursday:

        ** Italy's Gi Group Holding said it would buy the
European staffing business of Nasdaq-listed Kelly Services
 KELYA.O  in a deal worth up to 130 million euros ($139
million).  urn:newsml:reuters.com:*:nL8N3C36M2
  
    
        ** U.S. amusement park operators Cedar Fair  FUN.N  and
Six Flags Entertainment  SIX.N  agreed to merge to scale their
business amid an economic slowdown that has weighed on leisure
spending.  urn:newsml:reuters.com:*:nL4N3C32EA
  
        
  
        ** EQT AB  EQTAB.ST  has resumed its efforts to acquire
Global Switch Holdings Ltd. in a deal that could value the data
centre company at around $6.5 billion, Bloomberg News reported 
citing people familiar with the matter.  urn:newsml:reuters.com:*:nL4N3C32Q5
  

        ** Japanese trading house Mitsui  8031.T  will take a
12.69% stake in Axiata Group's  AXIA.KL  digital and analytics
unit, the Malaysian telecommunications conglomerate said.
 urn:newsml:reuters.com:*:nL4N3C315U
  
    
    ** Shares in IT services and consulting company Atos
 ATOS.PA  spiked by more than 16% after Onepoint said it has
built a stake of nearly 10% in its French competitor. 
 urn:newsml:reuters.com:*:nL1N3C30LM
    
    ** Italian gaming group Lottomatica  LTMC.MI  said it had
agreed to buy online betting provider SKS365 Malta Holdings, in
a deal that valued the owner of brands such as Planetwin365 and
PlanetPay365 at 639 million euros ($677 million) including debt.
 urn:newsml:reuters.com:*:nL8N3C3299
    
    ** Yilport Holding will buy a controlling 35% stake in the
operator of Ghana's Takoradi port from Africa Finance
Corporation (AFC), the two parties said. AFC did not disclose
the value of the deal.  urn:newsml:reuters.com:*:nL8N3C25UE

    ** South Korea's Asiana Airlines  020560.KS  said its board
had approved the sale of the company's cargo business - an
important step towards allaying EU competition concerns about a
proposed takeover by Korean Air Lines  003490.KS .  urn:newsml:reuters.com:*:nL1N3C306A
    
    ** North Asia-focused private equity firm MBK Partners has
put up for sale Japanese jewellery brand Tasaki, in a deal that
could value it at more than $500 million, three people with
knowledge of the matter said.  urn:newsml:reuters.com:*:nL4N3C12VD

    ** A Brookfield-led consortium has accused Origin Energy's
largest shareholder, AustralianSuper, of "holding the company
hostage" after it rejected a sweetened "best and final" A$16.4
billion ($10.55 billion) takeover offer for Australia's biggest
energy retailer.  urn:newsml:reuters.com:*:nL1N3C23U8
    
    ** Zurich Insurance Group  ZURN.S  will buy a 51% stake in
Indian private lender Kotak Mahindra Bank's  KTKM.NS  general
insurance unit for about 40.51 billion rupees ($487 million),
the companies said, as the European insurance giant bets on
India's fast-growing insurance market.  urn:newsml:reuters.com:*:nL4N3C30XC

    ** Walt Disney  DIS.N  formally began the process of buying
Comcast's  CMCSA.O  one-third stake in Hulu, a deal that will
give Disney full ownership of the streaming service and freedom
to incorporate it into the Disney+ streaming service.
 urn:newsml:reuters.com:*:nL4N3C255A

    ** The CEO of Spirit Airlines defended in court the planned
$3.8 billion acquisition of his company by JetBlue Airways as a
means to create a viable competitor to the four larger airlines
that dominate the U.S. skies.  urn:newsml:reuters.com:*:nL1N3C2261

 (Compiled by Rajarshi Roy and Harshita Mary Varghese in
Bengaluru)
 ((Harshitamary.varghese@thomsonreuters.com))