Deals of the day-Mergers and acquisitions

Focus Financial Partners

02/02/2023 15:25

(Adds Clayton, Santander, Sojitz Corp, OMV)
       Feb 2 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on
Thursday:
    ** Berkshire Hathaway, the investment company owned by
Warren Buffett, has sold 1.55 million Hong Kong-listed shares of
electric vehicle maker BYD  1211.HK   002594.SZ  for HK$351.81
million ($44.85 million), a stock exchange filing showed.
 urn:newsml:reuters.com:*:nL1N34I0NT
        ** Private equity firm Clayton, Dubilier and Rice is
weighing a $4.1 billion buyout offer for investment adviser
Focus Financial Partners Inc  FOCS.O , according to a regulatory
filing.  urn:newsml:reuters.com:*:nL4N34I2ZB
  
        ** Japanese trading house Sojitz Corp  2768.T , which 
reported record profit for the nine months to end-December, said
it was selling its 12.5% stake in Canada's Gibraltar
Mines. urn:newsml:reuters.com:*:nL1N34I0QE
  
        ** Spain's Santander  SAN.MC  is not interested in the
potential acquisition of Orange Bank  ORAN.PA , the mobile
banking unit of Orange, Chairman Ana Botin said.  urn:newsml:reuters.com:*:nE8N2J401U
  
        ** Austrian energy group OMV currently sees no way to
sell its stake in the Russian Yuzhno-Russkoye gas field, its
finance chief said.  urn:newsml:reuters.com:*:nS8N33X09G
  
    ** India's Adani group shares plunged, wiping $100 billion
from the conglomerate's listed firms over the past few days,
after flagship Adani Enterprises Ltd  ADEL.NS  withdrew its $2.5
billion secondary share sale, marking a setback for the
billionaire.  urn:newsml:reuters.com:*:nL4N34I25V
    ** Telecom Italia  TLIT.MI  has received a bid for a
controlling stake in its fixed-line network from U.S. fund KKR
 KKR.N , as Italy's biggest phone group looks to raise cash from
its main asset to cut debt.  urn:newsml:reuters.com:*:nL8N34I1NU
    ** Hong Kong's New World Development  0017.HK  is talking to
investors about the sale of a majority stake in an office tower
under its premium K11 brand as it disposes of non-core assets to
fund its rapid expansion, two people with direct knowledge of
the matter said.  urn:newsml:reuters.com:*:nL4N3450YU
 (Compiled by Rajarshi Roy and Ankit Kumar in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))