Deals of the day-Mergers and acquisitions

BAWAG AG

05/07/2024 14:40

(Adds: Thyssenkrupp, Dompe Farmaceutici, Crest Nicholson 
Updates: BBVA)
       July 5 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Friday:

        ** Thyssenkrupp  TKGA.DE , Salzgitter  SZGG.DE  and
France's Vallourec  VLLP.PA  are reviewing a sale of their steel
joint venture HKM after they were approached by a potential
buyer, Germany's largest steelmaker said.
  
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        ** BBVA  BBVA.MC  won shareholder support for a capital
increase to fund its 12 billion euro ($13 billion) hostile bid
for smaller rival Sabadell  SABE.MC , as Spain's second-biggest
bank attempts to strengthen its position at home.
  
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        ** Italy's Dompe Farmaceutici is not interested in rival
drugmaker Recordati  RECI.MI , the biopharmaceutical group's
chief executive and chairman said.
  
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        ** Crest Nicholson  CRST.L  has in the past 10 days
rejected an all-share takeover bid from Elliott Advisors-owned
Avant Homes, Sky News reported, citing City sources.
  
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    ** The Canadian government has approved Glencore's  GLEN.L 
$6.93 billion acquisition of miner Teck Resources'  TECKb.TO 
steelmaking coal unit with strict conditions to preserve jobs,
the country's industry minister said on Thursday.
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    ** Saks Fifth Avenue parent HBC will acquire
department-store chain Neiman Marcus in a $2.65-billion deal,
the companies said on Thursday, giving them stronger negotiating
power with vendors and greater ability to control costs.
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    ** Private equity firm EQT and investor Klaus-Michael Kuehne
struck a deal to jointly acquire a 35% stake in bus and train
services company Flix to fund its expansion, EQT said in a
statement on Thursday.
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    ** Abu Dhabi National Oil Company (ADNOC) is in the
preliminary stages of exploring a possible bid for Australian
gas supplier Santos  STO.AX , two people with knowledge of the
plans said, speaking on condition of anonymity.
     urn:newsml:reuters.com:*:nL8N3IW0PF
    
    ** Barclays  BARC.L  is selling its German consumer finance
business to Austrian bank BAWAG Group AG  BAWG.VI  for a small
premium to net assets, it said on Thursday, as the British
lender aims to simplify its business.
     urn:newsml:reuters.com:*:nL4N3IW0CK
    
    ** HSBC  HSBA.L  is attracting initial interest from peers
including BNP Paribas SA  BNPP.PA  and UBS Group AG  UBSG.S ,
for the sale of its German wealth management unit, Bloomberg
News reported on Thursday, citing people familiar with the
matter.
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 (Compiled by Rajarshi Roy and Sneha S K in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))