Deals of the day-Mergers and acquisitions

Boral

12/04/2024 10:58

April 12 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Friday:

    ** Japan's Mitsubishi UFJ Financial Group (MUFG)  8306.T  is
buying a 20% stake in HDFC Bank's  HDBK.NS  non-banking unit HDB
Financial Services, valuing the IPO-bound subsidiary between $9
billion and $10 billion, the Economic Times reported.
     urn:newsml:reuters.com:*:nL3N3GL1E7
    
    ** The United Arab Emirates' state-owned oil company
recently considered buying Britain's BP  BP.L  but the
deliberations did not progress beyond preliminary discussions,
people familiar with the matter told Reuters.
     urn:newsml:reuters.com:*:nL2N3GL0DV
    
    ** Societe Generale  SOGN.PA  said it had agreed the sale to
Moroccan conglomerate Saham Group of Société Générale Marocaine
de Banques and La Marocaine Vie for 745 million euros ($797.45
million), as part of a wider divestment strategy, lifting its
shares by more than 2%.
     urn:newsml:reuters.com:*:nL2N3GL0CF
    
    ** Australia's Boral  BLD.AX  recommended that investors
accept an up to A$1.5 billion ($980.70 million) takeover offer
from its largest shareholder Seven Group Holdings  SVW.AX ,
after negotiating an increase in the cash component of the deal.
     urn:newsml:reuters.com:*:nL3N3GL05L
    
    ** Brookfield Asset Management  BAM.TO  is in advanced talks
to acquire a majority stake in private credit manager Castlelake
with an investment of more than $1.5 billion, the Financial
Times reported on Thursday.
     urn:newsml:reuters.com:*:nL3N3GK46G
    
    ** Four board members at Paramount Global  PARA.O  will step
down amid reports that the entertainment giant controlled by
Shari Redstone was discussing a merger with Skydance Media, the
company disclosed in its proxy filing on Thursday.
     urn:newsml:reuters.com:*:nL3N3GK3RM

 (Compiled by Rajarshi Roy and Anuja Bharat Mistry in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com;))