Deals of the day-Mergers and acquisitions
09/04/2024 21:27
(Adds IAG, IndusInd Bank, MP Materials; Updates Bain Capital,
Blue Owl Capital, Monte dei Paschi di Siena, Galeria)
April 9 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Tuesday:
** MP Materials MP.N said Australian billionaire Gina
Rinehart's mining firm has taken a 5.3% stake in the company,
adding to her rare earth investments. urn:newsml:reuters.com:*:nL3N3GI3DM
** British Airways owner IAG ICAG.L is set to get an EU
antitrust warning about its bid to secure full control of Air
Europa after its remedies failed to address EU antitrust
concerns, people with direct knowledge of the matter said.
urn:newsml:reuters.com:*:nL2N3GI16Y
** Promoters of private lender IndusInd Bank INBK.NS will
buy a 60% stake in the Indian arm of global asset manager
Invesco IVZ.N , the two companies said, without disclosing the
deal amount. urn:newsml:reuters.com:*:nL3N3GI2FZ
** Bain Capital has sold its entire stake in Axis Bank
AXBK.NS at 1,071 rupees ($12.87) per share to raise $429
million, according to exchange data. urn:newsml:reuters.com:*:nL2N3GI0FO
** Alternative asset manager Blue Owl Capital OWL.N
said it will buy Prima Capital Advisors for $170 million to
expand into real estate financing, a market that traditional
banks have been retreating from since last year. urn:newsml:reuters.com:*:nL3N3GI36R
** Italy trusts it will be able to strike alliances for
bailed-out bank Monte dei Paschi di Siena (MPS) BMPS.MI this
year, the economy minister said. urn:newsml:reuters.com:*:nL5N3GI3KR
** Germany's Galeria Karstadt Kaufhof is to be taken
over by a consortium including U.S. investor Richard Baker, CEO
of its previous owner Hudson's Bay Company, two sources familiar
with the matter said. urn:newsml:reuters.com:*:nL2N3GI0CW
** Danish shipping and logistics firm DFDS DFDS.CO said
it has agreed to buy the international transport network of
Turkey's Ekol Logistics for 1.9 billion crowns ($277 million)
and lifted its sales growth forecast for the year. urn:newsml:reuters.com:*:nL5N3GI2WX
** Vietnam's Duc Giang Chemicals DGC.HM is in talks to
sell a minority stake to a foreign strategic investor in a deal
that could value the country's second biggest chemical company
at up to $2 billion, two people with knowledge of the matter
said. urn:newsml:reuters.com:*:nL3N3GI1JM
** Hungary's government will acquire an 80% stake in
Budapest Airport, its economy minister said on the sidelines of
a conference. urn:newsml:reuters.com:*:nL2N3GI0JH
** Eyewear maker EssilorLuxottica ESLX.PA said it had
completed the acquisition of Washin Optical Co., a Japanese
optical retail with around 70 direct stores in the country.
urn:newsml:reuters.com:*:nL5N3GI1VX
** China's CDH Investments said it completed an investment
for a minority interest in grocery chain Bach Hoa Xanh, a unit
of Vietnam's biggest retail group by market value, Mobile World
MWG.HM . urn:newsml:reuters.com:*:nL2N3GI054
** HSBC HSBA.L , 0005.HK is selling its business in
Argentina and booking a $1 billion loss on the deal, the bank
said, as it continues to shrink its once globe-spanning empire
to focus on Asia. urn:newsml:reuters.com:*:nL3N3GI0R1
** British insurer Aviva AV.L said it had completed the
453 million pound ($574 million) acquisition of AIG's AIG.N UK
life insurance business, sealing the largest takeover under CEO
Amanda Blanc to date. urn:newsml:reuters.com:*:nL2N3GI0C2
** Blackstone Inc BX.N is closing in on a deal to take
Hong Kong-listed skincare company L'Occitane International SA
0973.HK private, Bloomberg News reported , citing people
familiar with the matter. urn:newsml:reuters.com:*:nL3N3GI0F6
(Compiled by Rajarshi Roy, Anuja Bharat Mistry and Roshia Sabu
in Bengaluru)
((AnujaBharat.Mistry@thomsonreuters.com))