Deals of the day-Mergers and acquisitions

Global Payments

30/10/2024 19:45

(Adds Monte dei Paschi di Siena, BHP; updates Volvo Cars,
Sabadell)
       Oct 30 (Reuters) - The following bids, mergers,
acquisitions, and disposals were reported by 1938 GMT on
Wednesday:

    ** Italy is struggling to find a "strategic" buyer for its
stake in lender Monte dei Paschi di Siena  BMPS.MI  before a
year-end deadline, leaving it with little alternative but to
turn to the market and broaden a fragmented shareholder base,
two sources close to the sale process said.  urn:newsml:reuters.com:*:nL8N3M519Q
        
  
        ** BHP  BHP.AX  said that comments made by its chairman
at Wednesday's annual general meeting did not mean the company
rules out a renewed offer for Anglo American  AAL.L , months
after its failed bid in May.  urn:newsml:reuters.com:*:nL4N3M62EC
        
  
    ** Israeli flag carrier El Al Airlines  ELAL.TA  has
withdrawn its bid to buy Israel's largest credit card company,
it said, citing its inability to meet requirements by Thursday's
deadline.  urn:newsml:reuters.com:*:nL8N3M61NR
    
    ** Global Payments  GPN.N  will sell its medical software
business, AdvancedMD, to investment firm Francisco Partners for
$1.13 billion, the companies said, as the financial technology
firm looks to slim down and focus on core operations.
 urn:newsml:reuters.com:*:nL4N3M61J6
    
    ** Volvo Cars  VOLCARb.ST  is seeking to take over
Northvolt's stake in their Swedish battery-making joint venture
NOVO but will need a new partner to keep plans for a gigafactory
on track, the Chinese-owned automaker said.  urn:newsml:reuters.com:*:nL8N3M60UG
    
    ** Spain's anti-trust watchdog CNMC said it would decide
around mid-November whether it would need more time to complete
its evaluation of BBVA's  BBVA.MC  12-billion euro ($13 bullion)
takeover bid for smaller rival Sabadell  SABE.MC .  urn:newsml:reuters.com:*:nL8N3M61HB

    ** Denmark's Orsted said it had agreed to sell a 12.45%
minority stake in four of its operational British offshore wind
farms to Brookfield in a transaction worth 1.75 billion pounds
($2.28 billion). urn:newsml:reuters.com:*:nL8N3M60QC
    
    ** Asset management giant BlackRock  BLK.N  has emerged as
the sole bidder in talks to acquire private credit firm HPS
Investment Partners, Bloomberg News reported on Tuesday, citing
people with knowledge of the discussions. urn:newsml:reuters.com:*:nL4N3M600F
    
    ** EQT Corp  EQT.N  said on Tuesday it would sell its
remaining interest in its non-operated natural gas assets in
northeast Pennsylvania for $1.25 billion in cash to Equinor
 EQNR.OL .  urn:newsml:reuters.com:*:nL4N3M52M7

 (Compiled by Rajarshi Roy, Prakhar Srivastava and Jaspreet
Singh in Bengaluru)
 ((prakhar.srivastava2@thomsonreuters.com;))