Deals of the day-Mergers and acquisitions
23/12/2022 11:04
Dec 23 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1050 GMT on Friday:
** Sweden's Ferronordic FNMA.ST , which sells and services
construction equipment and trucks, said it had divested its
Russian business in a deal worth 1.32 billion Swedish crowns
($126.08 million).
** Spanish retailer DIA DIDA.MC said it agreed to sell
perfume store chain Clarel to C2 Private Capital for around 60
million euros ($64 million), including 10 million of net debt.
** French bank Credit Agricole CAGR.PA struck a long-term
bancassurance partnership with Italy's Banco BPM (BBPM)
BAMI.MI and bought some of its assets, strengthening ties with
a lender in which it is already the top shareholder.
** Japan's Cosmo Energy Holdings Co Ltd 5021.T said it has
signed a new agreement with Qatar Energy to continue its
operation in the Al-Karkara and A-Structures oil fields, which
came into effect after the expiry of the current contract this
month.
** Singapore's commodity trader Olam Group OLAG.SI said it
had completed the sale of a 35.43% stake in its unit Olam Agri
to Saudi Agricultural and Livestock Investment Co (SALIC) for
$1.24 billion.
** The preferred bidder for Toshiba Corp 6502.T is
finalising 1.4 trillion yen ($10.6 billion) in financing from
Japanese lenders to fund its acquisition, according to two
sources, a deal that would see one of the country's best known
conglomerates taken private.
** Norwegian offshore driller Seadrill Ltd SDRL.OL has
entered into an agreementto buy Aquadrill LLC in an all-stock
deal that values the British firm at $958 million, the companies
said.
** Pacific Equity Partners has pulled the plug on a deal to
acquire Australia's ReadyTech Holdings RDY.AX , just a day
after the private-equity firm withdrew its offer for the tech
company to work on a new one.
** Australia's Santos STO.AX said it had agreed to
extendthe exclusivity period until April next year for Kumul
Petroleum's deal to buy a 5% stake in PNG liquefied natural gas
project from Santos.
** ForgeRock Inc FORG.N said on Thursday it had received
notice from the U.S. Department of Justice demanding more
information related to private equity firm Thoma Bravo's $2.3
billion buyout deal.
** Cryptocurrency firm Bullish and Far Peak Acquisition Corp
FPAC.N said on Thursday they had called offtheir $9 billion
merger, making it the latest blank-check deal to fall through as
the industry comes under increasing regulatory scrutiny.
** Mersana Therapeutics Inc MRSN.O said on Thursday it had
signed a dealfor developing cancer drugs with Germany's Merck
KGaA MRCG.DE that has the potential to generate up to $800
million in milestone payments.
(Compiled by Anne Florentyna Gnanaraja Sekar in Bengaluru)
((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com))