Deals of the day-Mergers and acquisitions

Digital 9 Infrastructure

28/11/2023 14:39

(Adds: Alibaba Health Information Technology, Aster DM
Healthcare, Alipay, Mediawan, Toyota Motor; Updates: Atos)
       Nov 28 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Tuesday:

        ** Alibaba Health Information Technology  0241.HK  said 
it had struck a HK$13.51 billion ($1.73 billion) deal to get the
rights to certain services of Alibaba's marketing tool, a move
it expects to improve its revenue and services to online stores.
  
         urn:newsml:reuters.com:*:nL4N3CT2IT
  
    
        ** Hospital and pharmacy operator Aster DM Healthcare
 ATRD.NS  said it would sell its stake in its Gulf business to
Alpha GCC Holdings for $1.01 billion as it looks to separate its
businesses in India and the Middle East
  
         urn:newsml:reuters.com:*:nL4N3CT2ZS
  
        
  
        ** Chinese payments group Alipay plans to sell its 3.4%
stake in Indian food delivery giant Zomato  ZOMT.NS  for nearly
$400 million through block deals on Indian stock exchanges,
according to three sources and a Reuters review of the deal's
term sheet.
  
         urn:newsml:reuters.com:*:nL1N3CT16O
  
        
  
        ** 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.
  
         urn:newsml:reuters.com:*:nL1N3CT0HF
  
        
  
        ** Shareholders of French TV production group Mediawan
are weighing a takeover of Germany's KKR-backed Leonine Studios,
three people familiar with the matter told Reuters, in a deal
that could value the combined entity at up to 3 billion euros
($3.3 billion).
  
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        ** Toyota Motor  7203.T  and two affiliates plan to sell
about 10% of components maker Denso  6902.T  by year-end, a
stake likely worth about $4.7 billion, sources familiar with the
matter said.
  
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    ** 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.
     urn:newsml:reuters.com:*:nL1N3CT0LN

    ** 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.
     urn:newsml:reuters.com:*:nL1N3CT0M8

    ** 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.
     urn:newsml:reuters.com:*:nL1N3CT0DY

    ** 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 .
     urn:newsml:reuters.com:*:nL1N3CT043

 (Compiled by Rajarshi Roy and Granth Vanaik in Bengaluru)
 ((Granth.Vanaik@thomsonreuters.com))