Deals of the day-Mergers and acquisitions

Brookfield India Real Estate Trust

19/05/2023 10:56

May 19 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Friday:

    ** Volkswagen  VOWG_p.DE  has completed the sale of its
shares in its Russian business Volkswagen Group Rus LLC as well
as its local subsidiaries, the German carmaker said, following
approval of the deal by Russian authorities. urn:newsml:reuters.com:*:nFWN37G01F
    
    ** Siemens Energy  ENR1n.DE  is close to striking a deal to
sell Siemens Gamesa's 32% stake in Windar Renovables, a source
close to the matter said . urn:newsml:reuters.com:*:nL8N37G1FE
    
    ** Technology company Yandex  YNDX.O  has received bids from
Russian billionaires for a stake of about half of the company's
local business, valuing it at over $7 billion, Bloomberg News
reported . urn:newsml:reuters.com:*:nL4N37G1JP

    ** Chinese private equity firm Trustar Capital has hired
Citigroup  C.N  to manage a sale of Hong Kong-based soy sauce
maker Amoy Food Ltd, three people with knowledge of the
discussions said. urn:newsml:reuters.com:*:nL4N37G1AJ
    
    ** Brookfield Asset Management  BAM.TO  will sell two
commercial properties in India to a partnership of its locally
listed REIT Brookfield India  BROF.NS  and Singapore sovereign
wealth fund GIC in a deal with an enterprise value of $1.4
billion. urn:newsml:reuters.com:*:nL4N37G1EQ
    
    ** The U.S. Justice Department is considering suing to block
Korean Air's  003490.KS  planned acquisition of Asiana Airlines
 020560.KS , Politico reported on Thursday. urn:newsml:reuters.com:*:nL1N37F33K
    
    ** Brazil retailer Americanas SA  AMER3.SA  said on Thursday
it will next week start to seek potential bidders for the
acquisition of its Hortifruti Natural da Terra (HNT) business
unit. urn:newsml:reuters.com:*:nL1N37G00V
    
    ** Brazilian miner Vale SA  VALE3.SA  received binding
offers for a stake in its base metal unit, local newspaper Valor
Economico reported on Thursday, citing unnamed
sources. urn:newsml:reuters.com:*:nL1N37F381
    
    ** Investment advisory firm Edenbrook Capital sent a letter
to the board of Canada's Absolute Software Corp  ABST.TO  saying
the deal for the company to be taken private by Crosspoint
Capital Partners "significantly undervalues" the
firm. urn:newsml:reuters.com:*:nL4N37F46O

 (Compiled by Rajarshi Roy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))