Deals of the day-Mergers and acquisitions

Esken

23/01/2024 11:03

Jan 23 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Tuesday:

    ** China's Fosun  0656.HK  will keep supporting the
development of Portugal's Millennium bcp  BCP.LS  bank as it
remains optimistic about the Portuguese market, despite having
reduced its stake in the lender, a Fosun spokesman said.
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    ** India's Tamil Nadu state said that a joint venture of
Corning  GLW.N  agreed to invest 10 billion rupees ($120.4
million), underscoring the growing importance of the south Asian
country as a manufacturing hub.
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    ** Esken  ESKN.L , the owner of London Southend Airport, is
facing demands by a Carlyle  CG.O  fund to repay an outstanding
convertible loan four years before its maturity date, the group
said.
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    ** Shares in India's Zee Entertainment  ZEE.NS  plunged by
as much as 30%, set for their worst day ever, after the collapse
of its $10 billion merger with Sony's local unit fanned concern
that it will fail to thrive.
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    ** French healthcare company Sanofi  SASY.PA  has agreed to
buy the drug development project INBRX-101 from its parent
company Inhibrx Inc  INBX.O  for around $2.2 billion in a bid to
boost its rare disease business.
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    ** Bridgepoint  BPTB.L  announced the acquisition of
anti-aging cosmetics group RoC, confirming an earlier Reuters
report.
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    ** TotalEnergies  TTEF.PA  said it had signed an agreement
to acquire the entire share capital of German battery storage
company Kyon Energy, as part of the development of its
Integrated Power operations in the country.
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    ** Australia's Abacus Group  ABG.AX  said it is selling two
non-core commercial assets in New South Wales at a discounted
valuation of about A$107 million ($70.62 million).
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    ** Second-hand fashion marketplace Vestiaire Collective
launched a crowdfunding campaign to raise at least one million
euros ($1.09 million) from individual investors as the
Kering-backed business aims to become profitable by year-end and
potentially go public.
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 (Compiled by Anuja Bharat Mistry in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))