Deals of the day-Mergers and acquisitions

China Jinmao Holdings

20/02/2025 14:41

(Adds Singapore Land, AstraZeneca; updates Autohome)
       Feb 20 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on
Thursday:
     
        ** A joint venture between Singapore Land <
    SIND.SI
    >, UOL Group 
     among others and China Jinmao Holdings 
    <0817.HK
    > has won the bid for the development of a residential site
in Shanghai, the Singapore-listed companies said.  urn:newsml:reuters.com:*:nL3N3PB0XF
  
        
  
        ** AstraZeneca <
    AZN.L>
     will buy U.S. biotech firm FibroGen's  FGEN.O  China unit
for about $160 million, in its latest deal to boost its presence
in the country despite growing US-China trade tensions.
 urn:newsml:reuters.com:*:nL3N3PB0YS
  
        
  
        ** Hong Kong-listed Autohome 
     2518.HK 
     said the financial conglomerate Ping An Insurance 
     601318.SS 
     will cease to be its controlling shareholder after agreeing
to sell a 41.91% stake in the company for $1.8 billion.
 urn:newsml:reuters.com:*:nL3N3PB0SX
  
    
    ** U.S. online real estate firm CoStar  CSGP.O  is preparing
a A$2.7 billion ($1.72 billion) bid for Australian property
classifieds firm Domain Holdings  DHG.AX , said a person with
direct knowledge of the matter.  urn:newsml:reuters.com:*:nL2N3PB0BO
    
    ** Japan's Fuji Soft  9749.T  said that KKR  KKR.N  now owns
nearly 58% of the company after the second stage of a tender
offer, ending a fierce battle with rival Bain Capital to take
the software developer private.  urn:newsml:reuters.com:*:nL3N3PB0F4
    
    ** Saudi Arabia's Aramco  2222.SE  has signed an agreement
to acquire a 25% equity stake in Unioil Petroleum Philippines,
the company said in a statement late on Wednesday.  urn:newsml:reuters.com:*:nL2N3PB05C

 (Compiled by Rajarshi Roy and Abhinav Parmar in Bengaluru)
 ((mailto:Rajarshi.Roy@thomsonreuters.com;))