Deals of the day-Mergers and acquisitions

Bertelsmann SE & Co KGaA

08/11/2023 21:00

(Adds Bertelsmann, Inditex; Updates Fuji Soft)
       Nov 8 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
Wednesday:
        
  
        ** Bertelsmann  BTGGg.F  on Wednesday completed the sale
of its 39.5% stake in staff outsourcing company Majorel  MAJ.AS 
 to another personnel firm Teleperformance  TEPRF.PA , the
German media, services and education conglomerate said.
 urn:newsml:reuters.com:*:nFWN3C92D1
    
    **  Inditex  ITX.MC  founder Amancio Ortega's investment
firm Pontegadea is pushing further into renewable energy,
closing in on a deal with Repsol  REP.MC  to buy a 49% stake in
a portfolio of wind farms and photovoltaic power plants in
Spain, two sources familiar with the deal told Reuters.
 urn:newsml:reuters.com:*:nL1N3C918S
    
    ** Software developer Fuji Soft  9749.T  said on Wednesday
it will launch a tender offer to take private four listed
subsidiaries in Japan for a total price of about 41 billion yen
($271.78 million).  urn:newsml:reuters.com:*:nL1N3C90BO

        ** U.S.-based private equity firm Warburg Pincus  WP.UL 
intends to launch a tender offer to acquire control of Brazilian
insurance group Alper  APER3.SA  at a 19.2% premium over its
Tuesday closing price, the Brazilian company said on Wednesday.
 urn:newsml:reuters.com:*:nL1N3C91E9
    
    ** Recco Control Technology Pte. Ltd. and Dazheng Group
Investment Holdings Company Limited offered to pay $1.64 billion
to acquire Hollysys Automation Technologies  HOLI.F , increasing
its bid by 6% from what if offered to pay in August, the group
told Reuters.  urn:newsml:reuters.com:*:nL1N3C900R
    
    ** Chinese private equity firm Wise Road Capital is in
advanced talks to buy Singapore's Innovalues Holdings from
Northstar Group, two sources with knowledge of the matter said.
 urn:newsml:reuters.com:*:nL4N3C9123
    
    ** China's ByteDance, the parent of short video app TikTok,
is offering to buy back shares from its employees outside the
United States for $160 apiece, a source familiar with the matter
said, a plan that the company confirmed.  urn:newsml:reuters.com:*:nL1N3C90MD
    
    ** Chinese authorities have asked Ping An Insurance Group
 2318.HK  to take a controlling stake in embattled Country
Garden  2007.HK , the nation's biggest private property
developer, four people familiar with the plan said.  urn:newsml:reuters.com:*:nL1N3C90GN
    
    ** Japan's Sumitomo Life Insurance  SMTLI.UL  has increased
its investment in Singapore Life (Singlife) via a capital
injection of S$179.99 million ($133 million), the Singaporean
financial services firm said.  urn:newsml:reuters.com:*:nL1N3C90OQ
    
    ** France's Renault  RENA.PA  has cut its stake in Nissan
7201.T to 15% from about 43% by placing 28.4% of the Japanese
automaker in a French trust, the alliance partners said in a
statement, putting them on equal footing of cross-ownership.
 urn:newsml:reuters.com:*:nL1N3C90I1
    
    ** Ahold Delhaize USA  AD.AS  said that it had agreed to
sell its U.S.-based FreshDirect business to Turkish grocery
delivery firm Getir.  urn:newsml:reuters.com:*:nFWN3C903D


 (Compiled by Rajarshi Roy, Puyaan Singh and Aishwarya Jain in
Bengaluru)
 ((rajarshi.roy@thomsonreuters.com;
aishwarya.jain@thomsonreuters.com))