Deals of the day-Mergers and acquisitions

CTBC Financial Holding Co

03/09/2024 14:33

(Adds: General Insurance Corp of India  Updates: Illumina,
Clearlake Capital, Bain Capital)
       Sept 3 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Tuesday:

        ** The Indian government has proposed to sell an up to
6.8% stake in General Insurance Corp of India (GIC)  GENA.NS ,
an exchange filing showed.
  
         urn:newsml:reuters.com:*:nL4N3KL0U8
  
    
        ** U.S. gene sequencing company Illumina  ILMN.O  won
its court fight against the European Union's investigation of
its $7.1 billion purchase of cancer diagnostic test maker Grail
 GRAL.O , a ruling set to curb Brussels' merger powers.
  
         urn:newsml:reuters.com:*:nL8N3KL0B8
  
        
  
        ** California-based investor Clearlake Capital said it
would buy pan-European private credit specialist MV Credit from
asset manager Natixis Investment Managers, part of a wider push
by investors into lending to companies as banks retrench.
  
         urn:newsml:reuters.com:*:nL4N3KL0IZ
  
        
  
        ** U.S. buyout fund Bain Capital said it made a
counter-offer to buy Japanese software developer Fuji Soft
 9749.T , estimated at about 600 billion yen ($4.1 billion) that
would exceed a rival offer from equity fund KKR.
  
         urn:newsml:reuters.com:*:nL4N3KL0C2
  

    ** Taiwan's Shin Kong Financial  2888.TW  said that it sees
Taishin  2887.TW  as its preferred bidder despite having
received a higher $4.1 billion offer from CTBC Financial
 2891.TW .
     urn:newsml:reuters.com:*:nL4N3KK0LP

    ** Spanish bank BBVA  BBVA.MC  said Britain's Prudential
Regulation Authority has approved it taking indirect control of
Sabadell's  SABE.MC  TSB.
     urn:newsml:reuters.com:*:nL8N3KL078
    
    ** South Africa's biggest grocery retailer Shoprite
 SHPJ.J , has agreed to sell its furniture business including
the OK Furniture and House & Home brands to discount retailer
Pepkor  PPHJ.J , the companies said.
     urn:newsml:reuters.com:*:nL1N3KL05E

    ** CapitaLand Integrated Commercial Trust  CMLT.SI  will
acquire a 50% stake in Singapore's ION Orchard mall for an
agreed property value of S$1.85 billion ($1.42 billion), the
real estate investment trust said.
     urn:newsml:reuters.com:*:nL4N3KK0XT
    
    ** REA Group  REA.AX , the property listings company
majority owned by News Corp  NWSA.O , is considering buying
Rightmove to create a global real estate company, the Australian
firm said on Monday, sending the British housing portal's shares
soaring.
     urn:newsml:reuters.com:*:nL4N3KK01F
    
    ** Private equity giant Blackstone  BX.N  has agreed to buy
an 80% stake in a European warehouse portfolio run by landlord
Burstone  BTNJ.J , the latest push by the U.S. investment
manager into warehouses that have boomed alongside the rise of
e-commerce.
     urn:newsml:reuters.com:*:nL4N3KK0QN
    
    ** U.S. power equipment maker GE Vernova  GEV.N  said on
Monday it has acquired the remaining ownership stake in a Saudi
gas turbine producing joint venture from state-owned Dussur.
     urn:newsml:reuters.com:*:nL4N3KK0NL
    
    ** French train maker Alstom  ALSO.PA  said on Monday it had
completed the sale of its North American conventional signalling
business to Knorr-Bremse  KBX.DE  for $690 million.
     urn:newsml:reuters.com:*:nL1N3KK065

 (Compiled by Rajarshi Roy and Vallari Srivastava in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))