Deals of the day-Mergers and acquisitions

Figs

11/12/2024 10:37

Dec 11 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on
Wednesday:

    ** Danish financial technology company Ageras said it had
received approval from French banking watchdog ACPR to acquire
Shine, the digital banking unit of Societe Generale  SOGN.PA .
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    ** German online retailer Zalando  ZALG.DE  said it had
struck a deal to buy rival fashion group About You  YOUG.DE  for
1.1 billion euros ($1.2 billion), as part of plans to create a
pan-European e-commerce platform.
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    ** Indonesian telcos XL Axiata  EXCL.JK , Smartfren Telecom
 FREN.JK  and its unit Smart Telcom (SmartTel) have agreed to
merge to create an entity with an enterprise value of 104
trillion rupiah ($6.5 billion), the companies said.
     urn:newsml:reuters.com:*:nL1N3NC02W
    
    ** Denmark's Orsted  ORSTED.CO  said it has agreed to sell a
50% stake in its Greater Changhua 4 offshore wind farm to
Taiwan's Cathay Life Insurance for about 11.6 billion Danish
crowns ($1.64 billion).
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    ** U.S. private equity firm Bain Capital is set to raise its
offer price for Japan's Fuji Soft  9749.T  to 9,600 yen ($63.35)
per share, the Nikkei newspaper reported, trumping a recently
increased tender offer bid from rival KKR  KKR.N .
     urn:newsml:reuters.com:*:nL4N3NC0CD    
    
    ** Story3 Capital Partners has offered to take scrubs maker
Figs  FIGS.N  private, the private equity firm's spokesperson
said on Tuesday, citing questionable growth and margin
improvement.
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    ** Norton and Avast owner Gen Digital  GEN.O  has agreed to
buy fintech firm MoneyLion  ML.N  in an all-cash deal valued at
about $1 billion to beef up its consumer finance offerings, the
companies said on Tuesday.
     urn:newsml:reuters.com:*:nL4N3NB10E
    
    ** Walgreens  WBA.O  is in talks to sell itself to private
equity firm Sycamore Partners, WSJ reported on Tuesday, citing
people familiar with the matter.
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 (Compiled by Rajarshi Roy and Kamal Choudhury in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))