Deals of the day-Mergers and acquisitions
28/11/2023 10:36
Nov 28 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1035 GMT on Tuesday:
** Nippon Life Insurance plans to acquire Nichii Holdings,
the parent company of nursing care provider Nichiigakkan, for
about 210 billion yen ($1.41 billion), a Nippon Life
spokesperson said, as the country's population ages rapidly.
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** Temasek Trust, the philanthropic arm of Singapore's state
investment firm Temasek Holdings TEM.UL , said it has agreed
to buy robo financial advisor MoneyOwl from NTUC Enterprise
Co-operative Ltd.
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** The French multi-technical services group Spie SPIE.PA
announced the signature of an agreement to acquire the privately
owned German group Robur Industry Services.
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** Lotus Technology, the luxury electric vehicle arm of
sports car brand Lotus, said it has secured $870 million in
financing ahead of the completion of its merger with blank check
company L Catterton Asia Acquisition (LCAA) LCAA.O .
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** Atos ATOS.PA said it was considering further asset
sales to address its capital raising plan and debt maturing in
2025, and was in talks to modify the terms of a deal to sell its
Tech Foundations business to Czech billionaire Daniel Kretinsky.
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(Compiled by Rajarshi Roy and Granth Vanaik in Bengaluru)
((Granth.Vanaik@thomsonreuters.com))