Deals of the day-Mergers and acquisitions
28/11/2023 21:06
(Adds RWE, Fartech)
Nov 28 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2100 GMT on Tuesday:
** Online luxury retailer Farfetch's FTCH.N founder
José Neves is looking to take the company private after a
troubled New York Stock Exchange listing, the Telegraph reported
on Tuesday. urn:newsml:reuters.com:*:nL4N3CT3VY
** RWE is open to talks about a potential divestment of
its 25.1% stake in high-voltage transmission grid operator
Amprion, its finance chief said on Tuesday, adding there was no
need to take action as the group was satisfied with its
investment. urn:newsml:reuters.com:*:nL8N3CT4DD
** 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). urn:newsml:reuters.com:*:nL8N3CS4WK
** 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. urn:newsml:reuters.com:*:nL1N3CT0XB
** 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 Abhinav Parmar in Bengaluru)
((Abhinav.parmar@thomsonreuters.com))