Deals of the day-Mergers and acquisitions

China Mengniu Dairy

12/05/2021 10:58

May 12 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1000 GMT on Wednesday:

    ** Danone  DANO.PA , under pressure from investment funds
over its returns, will sell a 9.8% stake in China Mengniu Dairy
Company  2319.HK , the food group said. urn:newsml:reuters.com:*:nL1N2MZ0MI
    
    ** Private equity firm Clayton, Dubilier & Rice (CD&R) has
agreed to buy London-listed UDG Healthcare  UDG.L  for 2.6
billion pounds ($3.7 billion), the pharmaceuticals services
company said. urn:newsml:reuters.com:*:nL1N2MZ0E1
    
    ** The Polish state will increase its stake in PKN Orlen
 PKN.WA  to 50% as part of its plan for the refiner to take over
smaller peer Grupa Lotos  LTSP.WA  and gas company PGNiG
 PGN.WA , the state assets minister said. urn:newsml:reuters.com:*:nW8N2M700R
    
    ** Amsterdam-based technology investor Prosus NV  PRX.AS 
announced plans to acquire up to 45.4% of shares in its parent
Naspers  NPNJn.J  of South Africa by issuing new Prosus shares
in a deal aimed at moving part of the value of their massive
stake in Tencent  0700.HK  to Europe from Africa. urn:newsml:reuters.com:*:nL1N2MZ0CF
    
    ** Japan's oil and metals giant Eneos Holdings Inc  5020.T 
will exit the coal mining business and sell some stakes in
upstream oil assets, along with real estate and securities by
March 2023 to improve cash flow, its president said. urn:newsml:reuters.com:*:nT9N2MU002
    

 (Compiled by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))