Deals of the day-Mergers and acquisitions

Azure Minerals

03/04/2024 10:50

April 3 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Wednesday:

    ** Abu Dhabi alternative investor Lunate said it acquired a
40% stake in Abu Dhabi National Oil Company's oil pipeline
infrastructure assets from BlackRock and KKR.
     urn:newsml:reuters.com:*:nL2N3GC0EV
    
    ** The union representing employees of United States Steel
 X.N  on Tuesday said it would not support Japanese firm Nippon
Steel's  5401.T  draft agreement to gain support for its
takeover of the U.S. company.
     urn:newsml:reuters.com:*:nL3N3GC0XS
    
    ** Azimut  AZMT.MI  will sell all of its stake in private
credit fund Kennedy Lewis to Goldman Sachs' private equity unit
Petershill Partners, the Italian asset manager said.
     urn:newsml:reuters.com:*:nL5N3GC1BE
    
    ** Singapore Telecommunications (Singtel)  STEL.SI  ruled
out any impending deal to sell its Australian mobile network
operation Optus following reports that talks for a potential
stake divestment had fallen off.
     urn:newsml:reuters.com:*:nL3N3GC0M6
    
    ** Danish biotech Genmab  GMAB.CO  has agreed to buy U.S.
cancer drug maker ProfoundBio for $1.8 billion, the two
companies said.
     urn:newsml:reuters.com:*:nL5N3GC1CJ
    
    ** French car manufacturer Renault  RENA.PA  announced that
shipping group CMA CGM officially joined Flexis, its partnership
with Volvo Group on electric vans.
     urn:newsml:reuters.com:*:nTUABJHMMV
    
    ** Austria's central bank chief said there was a "tail risk"
in a plan by Raiffeisen Bank International to buy a stake in
Austrian building company Strabag with funds currently tied up
in Russia and only Raiffeisen can judge if such a risk is worth
taking.
     urn:newsml:reuters.com:*:nL2N3GB2B0
    
    ** Clariant  CLN.S  completed the $810 million acquisition
of Canada's ingredients and cosmetics maker Lucas Meyer
Cosmetics from International Flavors & Fragrances  IFF.N , the
Swiss specialty chemicals firm said.
     urn:newsml:reuters.com:*:nTUA1YQZXH
    
    ** Australia's Azure Minerals  AZS.AX  said the country's
Foreign Investment Review Board (FIRB) extended a deadline for
approving SQM  SQMA.SN  and Hancock Prospecting's A$1.7 billion
($1.11 billion) offer for the lithium developer.
     urn:newsml:reuters.com:*:nL2N3GB32V
    
    ** U.S. private equity firm Clayton Dubilier & Rice (CD&R)
said on Tuesday it had agreed to acquire a majority ownership
position in information technology provider Presidio from
UK-based BC Partners.
     urn:newsml:reuters.com:*:nL3N3GB3VA
    
    ** Private equity firm EQT  EQTAB.ST  said on Tuesday it has
agreed to buy compliance software maker Avetta from Welsh,
Carson, Anderson & Stowe (WCAS).
     urn:newsml:reuters.com:*:nL3N3GB3ZN

 (Compiled by Rajarshi Roy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))