Deals of the day-Mergers and acquisitions

Black Knight

09/03/2023 11:02

(Adds Intercontinental Exchange, Petrobras)
       March 9 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2050 GMT on
Thursday:
    
        ** The U.S. Federal Trade Commission said it would take
action aimed at stopping New York Stock Exchange parent
Intercontinental Exchange  ICE.N  from acquiring mortgage data
vendor Black Knight  BKI.N  in a $13.1 billion deal.
 urn:newsml:reuters.com:*:nL1N35H2CD
  
        
  
    ** A Brazilian senator called for a Congressional
investigation into the sale of a Petrobras  PETR4.SA  refinery
to United Arab Emirates' Mubadala Capital, citing a suspected
link to jewelry given to former President Jair Bolsonaro.
 urn:newsml:reuters.com:*:nL1N35H24O

    ** French tyre maker Michelin  MICP.PA  has shelved plans to
sell its Russian business to its local management and is now in
discussions with a local player, a company spokesperson said,
adding Michelin hoped to reach an agreement "soon".  urn:newsml:reuters.com:*:nP6N332023

    ** Startup-focused lender SVB Financial Group  SIVB.O  has
cut its 2023 outlook, is selling assets and has embarked on a
$1.75 billion share sale to shore up its balance sheet as rising
interest rates put pressure on the company and its customers.
 urn:newsml:reuters.com:*:nL4N35H1EX
    
    ** Italy's biggest utility Enel Spa  ENEI.MI  said it will
sell its Romanian operations to Greece's Public Power Corp
 DEHr.AT  (PPC) for 1.26 billion euros ($1.33 billion) as part
of efforts to cut debt and focus on cleaner energy.  urn:newsml:reuters.com:*:nL4N35H0O9
    
    ** South Korean's IMM Private Equity has drawn interest from
funds including KKR & Co  KKR.N , MBK Partners and Brookfield
Asset Management for a minority stake in local industrial gas
company AirFirst which it aims to sell for $1 billion, three
people with knowledge of the deal said.  urn:newsml:reuters.com:*:nL1N35H0HQ
    
    ** British events organiser Informa  INF.L  said it will
acquire business-to-business events group Tarsus for $940
million, and projected 2023 revenue to be closer to pre-pandemic
levels helped by a recovery in China.  urn:newsml:reuters.com:*:nL8N35H27N
    
    ** Jio Platforms, owned by Indian conglomerate Reliance
Industries Ltd  RELI.NS , will buy communications equipment
maker Mimosa Networks for $60 million to bolster its expanding
5G and broadband services, the companies said.  urn:newsml:reuters.com:*:nL4N35H0ZR
    
    ** Bankrupt crypto lender Celsius Network on Wednesday
revealed that it was speaking to another potential buyer and
will seek additional bids, despite having an offer in hand from
asset manager NovaWulf Digital Management.  urn:newsml:reuters.com:*:nL1N35G2UY
    
    ** Uber Technologies Inc  UBER.N  is exploring whether to
spin off its Uber Freight logistics unit in a sale or as a
separate publicly traded firm, Bloomberg News reported on
Wednesday, citing people familiar with the matter.  urn:newsml:reuters.com:*:nL4N35G3KZ

 (Compiled by Rajarshi Roy, Khushi Mandowara and Arshreet Singh
in Bengaluru)
 ((Khushi.Mandowara@thomsonreuters.com))