Deals of the day-Mergers and acquisitions

Fortum Oyj

23/09/2024 14:40

(Adds: MINISO, UniCredit  Updates: Rightmove)
       Sept 23 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Monday:

        ** MINISO  9896.HK  will take up a 29.4% stake in
Chinese supermarket operator Yonghui Superstores  601933.SS  for
6.3 billion yuan ($893.05 million), it said, on track to
becoming the largest single shareholder in the embattled firm.
  
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        ** UniCredit  CRDI.MI  said it had acquired, through
financial instruments, a further 11.5% of Commerzbank  CBKG.DE 
after applying to supervisors to reach a holding of up to 29.9%
in the German rival.
  
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        ** Britain's Rightmove  RMV.L  said it would carefully
consider Australian property listing firm REA Group's  REA.AX 
sweetened 6.1 billion pound ($8.12 billion) takeover bid for the
company, after rejecting two previous proposals.
  
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    ** Australian medical diagnostics firm Healius  HLS.AX  is
selling its Lumus imaging unit for A$965 million ($658.1
million) to an Asian private equity group, it said, helping the
loss-making company reduce its debt.
     urn:newsml:reuters.com:*:nL1N3L408W

    ** BNP Paribas  BNPP.PA  has signed a deal to buy HSBC's
HSBA.L private banking unit in Germany as it continues to expand
its footprint in wealth management, the French lender said.
     urn:newsml:reuters.com:*:nL8N3L5083
    
    ** French shipping giant CMA CGM plans to launch a full
takeover bid for port terminal operator Santos Brasil  STBP3.SA 
after it agreed to buy a 48% stake in the company, it said as it
further expands its grip on global shipping infrastructure.
     urn:newsml:reuters.com:*:nL1N3L5054
    
    ** Finland's Fortum  FORTUM.HE  said it had agreed to sell
its 37.4% stake in Chempolis, including Fortum's all biobased
solutions businesses, and its shares in the holding company
owning 40.3% in Assam Bio Ethanol in India.
     urn:newsml:reuters.com:*:nL8N3L506B

 (Compiled by Rajarshi Roy and Pooja Menon in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))