Deals of the day-Mergers and acquisitions

Bitcoin Depot

25/08/2022 21:30

(Adds Bitcoin Depot, China International Marine Containers)
    Aug 25 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2030 GMT on Thursday:
    
    ** Fintech Bitcoin Depot plans to list in the United States
by merging with blank check company GSR II Meteora Acquisition
Corp  GSRM.N  in a deal valued at $885 million, the companies
said.  urn:newsml:reuters.com:*:nL4N3012VG 
    
    ** Global shipping container suppliers China International
Marine Containers  000039.SZ  and Maersk Container Industry
 MAERSKb.CO  in a joint statement said they have abandoned a
merger plan, citing significant regulatory challenges.
 urn:newsml:reuters.com:*:nL1N3011UV
    
    ** Brazilian lender Banco Bradesco SA  BBDC4.SA  said its
subsidiary Bradescard has agreed to acquire Mexico's Ictineo
Plataforma SA in a bid to offer digital accounts in Latin
America's second-largest economy. urn:newsml:reuters.com:*:nS0N2ZS030
    
    ** French water and waste business Veolia  VIE.PA  said it
was well on the way to addressing UK concerns over its merger
with rival Suez  SEVI.TX , after Britain's competition watchdog
ordered it to sell three parts of the combined UK
business. urn:newsml:reuters.com:*:nL8N3011GJ
    
    ** Singapore Telecommunications Ltd  STEL.SI  said it would
sell a 3.3% stake in India's Bharti Airtel Ltd  BRTI.NS  to
Bharti Telecom Ltd for an aggregate consideration of about
S$2.25 billion ($1.61 billion). urn:newsml:reuters.com:*:nL4N3003QM
    
    ** Australia's Ramsay Health Care Ltd  RHC.AX  said it
received an alternate proposal from a group led by KKR & Co
 KKR.N  that allows its shareholders to retain a majority stake
in Ramsay Generale De Sante  GDSF.PA , but has deemed it
inferior to an earlier offer. urn:newsml:reuters.com:*:nL4N3011ZB
    
    ** India's New Delhi Television Ltd (NDTV)  NDTV.NS  sought
to block Gautam Adani's attempt to acquire a majority stake in
the news network, saying regulatory restrictions meant the bid
from the billionaire tycoon's group could not
proceed. urn:newsml:reuters.com:*:nL4N3010TU
    
    ** Thailand's oldest lender, SCBX Pcl  SCB.BK  said it was
pulling out of a $500 million deal to buy crypto exchange
Bitkub, saying the startup needed time to fix regulatory
issues. urn:newsml:reuters.com:*:nL4N3011N9
    
    ** Australian fund manager Pendal Group  PDL.AX  accepted a
sweetened cash-and-stock takeover offer from larger rival
Perpetual Ltd  PPT.AX  that valued the firm at A$2.51 billion
($1.74 billion).  urn:newsml:reuters.com:*:nL4N3011DM
    
    ** French industrial conglomerate Schneider  SCHN.PA  is
considering buying out minority shareholders in software company
AVEVA  AVV.L , it said on Wednesday, sending the British
company's share price up by more than 32%.  urn:newsml:reuters.com:*:nL1N3000RS
    
    ** Vietnam's Mobile World Investment Corp  MWG.HM  said it
has hired an adviser to explore the sale of up to 20% of its
Bach Hoa Xanh grocery chain in a deal sources familiar with the
matter said would value the business at more than $1.5 billion.
 urn:newsml:reuters.com:*:nL1N3001DB
    
    ** Richemont  CFR.S  announced a long-awaited deal to
offload most of its online fashion retailer YOOX Net-A-Porter
(YNAP), clearing the way for its labels to sign up for
technology run by luxury e-commerce specialist Farfetch
 FTCH.N .  urn:newsml:reuters.com:*:nL1N3000DF

 (Compiled by Rajarshi Roy, Ankit Kumar and Kannaki Deka in
Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))