Deals of the day-Mergers and acquisitions

Emmi AG

25/07/2022 14:52

(Adds Lactalis, Centene Corp, Restaurants Development Company,
Leonard; updates BC Partners)
    July 25 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 13:45 GMT on Monday:

    ** French dairy group Lactalis has bought Ambrosi from
Switzerland's Emmi  EMMN.S  and the family that founded the
Italian cheese maker, Emmi said in a statement . urn:newsml:reuters.com:*:nL8N2Z63BQ
    
    ** Centene Corp  CNC.N  said  it has agreed to sell its
Spanish and Central European businesses to French private
hospital company Vivalto Santé, as the health insurer
streamlines its portfolio. urn:newsml:reuters.com:*:nL4N2Z626C
    
    ** European buyout fund BC Partners is close to clinching a
deal to buy 50% of Italian paper manufacturer Fedrigoni from
Bain Capital in a deal that values the company at 3 billion
euros ($3.1 billion), two sources close to the matter told
Reuters.  urn:newsml:reuters.com:*:nL1N2Z60L1
    
    ** Restaurants Development Company is exploring the sale of
its KFC franchise business in Thailand, valued at roughly $300
million, as revenue rebounds with a recovery in Southeast Asia's
second-largest economy, three sources aware of the matter
said. urn:newsml:reuters.com:*:nL4N2Z219Y
    
    ** Privately held French fashion house Leonard, known for
its stylized orchid prints, is being sold to its long-time
parter in Asia, Japan-based Sankyo Seiko, the company
said. urn:newsml:reuters.com:*:nL1N2Z60MC
    
    ** Serica Energy  SQZ.L  has rejected a revised merger
proposal from energy investment firm Kistos  KIST.L  at a
valuation of nearly 1.2 billion pounds ($1.4 billion), saying it
undervalues the British oil and gas group.  urn:newsml:reuters.com:*:nL4N2Z617O

    ** French satellite company Eutelsat  ETL.PA  said it was in
talks over a possible all-share merger with British rival
OneWeb, which could help both companies challenge the likes of
Elon Musk-owned SpaceX's Starlink and Amazon.com's  AMZN.O 
Project Kuiper.  urn:newsml:reuters.com:*:nL8N2Z61CM
    
    ** Spain's Telefonica  TEF.MC  said it is selling a slice of
its rural fibre network in Spain to a consortium formed by
France's Credit Agricole  CAGR.PA  and Vauban for around 1
billion euros ($1.02 billion) for a unit which serves about
three million homes in smaller villages.  urn:newsml:reuters.com:*:nL8N2Z61C4
    
    ** Julius Baer  BAER.S  expects to increase its takeover
activities as market turbulence weeds out companies in the
wealth management sector, Chief Executive Philipp Rickenbacher
said.  urn:newsml:reuters.com:*:nZ8N2WR01J
    
    ** Australian renewable energy developer Genex Power
 GNX.AX  has received an unsolicited A$319 million ($220
million) takeover offer from two private equity firms, led by
Atlassian co-founder Scott Farquhar, both sides said.
 urn:newsml:reuters.com:*:nL1N2Z6025

 (Compiled by Arunima Kumar and Rajarshi Roy in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;
 Rajarshi.Roy@thomsonreuters.com))