Deals of the day-Mergers and acquisitions

FOSUN INTERNATIONAL

22/01/2025 14:43

(Adds: Shanghai Henlius Biotech, Volkswagen, UniCredit, Venture
Global   Updates: Unilever)
       Jan 22 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on
Wednesday:

        ** LNG exporter Venture Global on Wednesday slashed the
valuation it was seeking from its U.S. initial public offering
to as much as $65.33 billion, significantly lower than the more
than $100 billion it had initially aimed. 
    
      urn:newsml:reuters.com:*:nL3N3OI13A
  
        
  
        ** UniCredit  CRDI.MI  chief Andrea Orcel wants to
discuss a planned takeover of Commerzbank  CBKG.DE  with the new
German government and hopes for some clarity at the latest by
the end of the year, he told German paper FAZ.
    
      urn:newsml:reuters.com:*:nS8N3ML03J
  
        
  
        **  Germany's Volkswagen  VOWG_p.DE  plans to sell 15%
of its shares in truck unit Traton in the first half of this
year, hoping to raise about 2 billion euros ($2.09 billion),
manager magazine reported on Wednesday, citing unnamed company
sources.
    
      urn:newsml:reuters.com:*:nS8N3L70QL
  
        
  
        ** Hong Kong shareholders of Shanghai Henlius Biotech
 2696.HK  rejected Chinese conglomerate Fosun International's
 0656.HK  buyout offer, which would have valued the drugmaker at
HK$13.37 billion ($1.72 billion).
  
     urn:newsml:reuters.com:*:nL3N3OI0V3
        
  
        ** Consumer goods maker Hindustan Unilever  HLL.NS  said
 it would buy the 'Minimalist' skin care brand and projected
near-term margins at the lower end of its forecast range as it
grapples with slowing urban demand.
  
         urn:newsml:reuters.com:*:nL3N3OI0RF
  

    ** British energy group EnQuest  ENQ.L  is to acquire
Harbour Energy's  HBR.L  business in Vietnam, it said, as the
North Sea-focused company moves to expand further outside its
home market in response to higher UK taxes.  urn:newsml:reuters.com:*:nL3N3OI0HM
    
    ** Saudi Arabian digital security firm Elm Company  7203.SE 
said  that it had agreed to acquire business services firm
Thiqah from the kingdom's Public Investment Fund (PIF) in a deal
valued at 3.4 billion riyals ($906 million).  urn:newsml:reuters.com:*:nL2N3OI062

    ** US retail broker Highstreet Insurance Partners has
acquired Winder Insurance Center, a Winder, Georgia-based firm
specialising in business and personal insurance solutions.
 urn:newsml:reuters.com:*:nL6N3OH0MD

 (Compiled by Rajarshi Roy and Abhinav Parmar in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))