Deals of the day-Mergers and acquisitions

Franchise

10/06/2022 12:12

June 10 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1100 GMT on Friday:
    
    ** Brazil's power company Eletrobras  ELET6.SA  confirmed
its privatization share offer was priced at 42.00 reais per
share, with a total 29.29 billion reais ($5.97 billion) being
raised.
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    ** BPER Banca  EMII.MI  said it received four non-binding
bids for its non-performing loan unit, which it plans to sell
early next year after reaching a deal by the end of 2022.
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    ** Thyssenkrupp Marine Systems  TKAG.DE  is taking over the
shipyard in the northern German city of Wismar once owned by MV
Werften, which filed for insolvency in January, and could build
submarines there in the course of 2024, it said.
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    ** A consortium led by buyout firm KKR  KKR.N  has made its
offer to buy Accell Group  ACCG.AS  unconditional, it said, in a
deal that values the maker of Sparta, Batavus and Raleigh at
1.56 billion euros ($1.66 billion).
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    ** Australia's largest casino operator Crown Resorts Ltd
 CWN.AX  said regulators in the state of Western Australia had
cleared its $6.3 billion buyout by private equity giant
Blackstone Inc  BX.N , subject to several strict conditions.
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    ** Argentina's central bank on Thursday approved digital
banking startup Uala's acquisition of rival Wilobank, the final
hurdle to a deal that grants the Argentine "unicorn" greater
scope in its quest to expand its financial services in Latin
America.
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    ** Canada's anti-trust regulator wants to speed up its case
against Rogers Communications Inc's C$20 billion ($15.8 billion)
purchase of Shaw Communications Inc  SJRb.TO  with a process
that would schedule a dispute hearing in five to six months.
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    ** Apollo Global Management Inc  APO.N  is in talks to
provide up to $2 billion in debt financing for the potential
acquisition of department store chain Kohl's Corp  KSS.N  by
retail store operator Franchise Group  FRG.O , a person familiar
with the matter said.
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    ** State Street Corp  STT.N  said on Thursday it is not
looking to buy Credit Suisse  CSGN.S , in its first outright
dismissal of a Wednesday morning report that it was seeking a
deal.
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    ** British insurance firm Howden has bought U.S. reinsurance
broker TigerRisk Partners to create a firm with an enterprise
value of over $13 billion, it said on Thursday.
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    ** Greek electricity utility Public Power Corp  DEHr.AT 
said on Thursday it had agreed to buy the renewable energy
portfolio of Volterra, a fully-owned unit of construction group
Avax  AVAr.AT .
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    ** Oil and gas group Repsol  REP.MC  has agreed to sell a
quarter of its newly-created renewable energy unit to Credit
Agricole Assurances  CAGR.PA  and asset manager Energy
Infrastructure Partners for 905 million euros ($964 million),
the company said on Thursday.
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 (Compiled by Rajarshi Roy and Ruhi Soni in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))