Deals of the day-Mergers and acquisitions

Electric Power Development

04/03/2024 11:01

March 4 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Monday:

    ** British insurer Aviva  AV.L  said it will re-enter the
historic Lloyd's insurance market with a 242 million pound ($307
million) acquisition of insurance platform Probitas.
     urn:newsml:reuters.com:*:nL2N3FI0H0
    
    ** The sale of a 27% stake in Piraeus Bank by the country's
HFSF bank bailout bank has already been oversubscribed, two
sources close to the process told Reuters.
     urn:newsml:reuters.com:*:nS8N3B303M
    
    ** Vivendi's  VIV.PA  French media company Canal+ will
publish a firm intention to buy shares of South African pay-TV
company MultiChoice  MCGJ.J  that it does not already own by no
later than April 8, it said.
     urn:newsml:reuters.com:*:nL2N3FI0H3

    ** German chemicals group Evonik Industries  EVKn.DE  said 
it is selling its superabsorbents business to the International
Chemical Investors Group (ICIG) for a price in the low
triple-digit million-euro range.
     urn:newsml:reuters.com:*:nS8N3ES001
    
    ** Bayer  BAYGn.DE  said  it acquired the exclusive
marketing rights for Europe for a new drug that is under
regulatory review to treat a rare, potentially fatal heart
disease for up to $310 million upfront.
     urn:newsml:reuters.com:*:nL5N3FI19I
    
    ** The founding shareholders of SoftwareOne  SWON.S  have
scrapped their agreement with U.S. investor Bain Capital to buy
the Swiss IT services company, they said.
     urn:newsml:reuters.com:*:nL5N3FI0MW
    
    ** Japan's Electric Power Development (J-Power)  9513.T  
lodged a A$380.9 million ($248.7 million) bid for Australian
renewable energy firm Genex Power  GNX.AX , as Japan's appetite
for overseas acquisitions rapidly grows.
     urn:newsml:reuters.com:*:nL2N3FH0HL
    
    ** Arkhouse Management, a real-estate-focused investing firm
said on Sunday it and Brigade Capital Management have raised
their offer for Macy's  M.N  after the department store chain
rebuffed their prior proposal as too low.
     urn:newsml:reuters.com:*:nL2N3FH0HF
    
    ** Greece's bank bailout fund  will launch an offering for
the sale of a stake of up to 22% in Piraeus Bank, but could be
increased if the fund so decides, it said on Sunday.
     urn:newsml:reuters.com:*:nL2N3FH0GE

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