Deals of the day-Mergers and acquisitions

Electrolux Professional AB (publ)

22/12/2023 11:16

Dec 22 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Friday:

    ** Italian home appliance maker De' Longhi  DLG.MI  has
agreed to buy from its parent company a stake in high-end
espresso machine manufacturer La Marzocco as it bets on coffee
to pep up growth.
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    ** Warren Buffett-led Berkshire Hathaway  BRKa.N  has
acquired 5.2 million shares of Occidental Petroleum Corp
 OXY.N , bringing its stake in the oil company closer to 28%,
according to a regulatory filing on Thursday.
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    ** Sweden's Electrolux Professional  EPROb.ST   said it had
agreed to buy Japan's Tosei Corporation  8923.T , a maker of
professional laundry equipment and vacuum packing machines, for
about 1.65 billion Swedish crowns ($163.3 million).
     urn:newsml:reuters.com:*:nL8N3DH0RX
    
    ** Canada on Thursday approved Royal Bank of Canada's
 RY.TO  C$13.5 billion dollars ($10.2 billion) acquisition of
HSBC's  HSBA.L  domestic unit, in a deal that would further
tighten the country's top lenders' grip on the market.
     urn:newsml:reuters.com:*:nL4N3DG4C8
    
    **  Japanese insurer Sumitomo Life  SMTLI.UL  said  it will
acquire TPG Inc's  TPG.O  35.5% stake in Singapore Life Holdings
(Singlife) for S$1.6 billion ($1.21 billion) to expand its
footprint in Southeast Asia.
     urn:newsml:reuters.com:*:nL4N3DH0TL
    
    ** The White House on Thursday said Nippon Steel Corp's
 5401.T  $14.9 billion proposed acquisition of U.S. Steel Corp
 X.N  deserves "serious scrutiny," given the company's core role
in U.S. steel production that is critical to national security.
     urn:newsml:reuters.com:*:nL1N3DG2Z5 

 (Compiled by Rajarshi Roy and Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))