Deals of the day-Mergers and acquisitions
17/07/2023 10:53
July 17 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Monday:
** Czech billionaire Daniel Kretinsky neared victory in a
battle to take over French retailer Casino CASP.PA after rival
bidders pulled out of the race, paving the way for a deal to
rescue the debt-laden group and save it from bankruptcy.
urn:newsml:reuters.com:*:nL1N3920BV
** Banco BPM BAMI.MI shares rose as much as 2.7% after
Italy's third-largest bank said it would sell 71.6% of its card
and shopowner payments operations to private equity fund FSI for
500 million euros ($561 million) in cash and shares.
urn:newsml:reuters.com:*:nL8N3931FR
** Belgium's Proximus Opal, which provides cloud-based
telecom platforms for enterprises, said it would buy a near-58%
stake in Route Mobile ROUT.NS for about 59.22 billion rupees
($721 million), at par with its Indian peer's current market
value. urn:newsml:reuters.com:*:nL4N3930QZ
** Ladbrokes-owner Entain ENT.L agreed to acquire
U.S.-based Angstrom Sports for 122 million pounds ($159.5
million) as it looks to widen its footprint in the country.
urn:newsml:reuters.com:*:nL4N3931AD
** Shares in Gresham House GHE.L rallied 56% after
Searchlight Capital Partners agreed to buy the British asset
manager for 469.8 million pounds ($614.9 million) in cash.
urn:newsml:reuters.com:*:nL8N3931DE
** Pakistan Refinery Limited PKRF.PSX and Air Link
Communication AIRL.PSX are seeking to buy a stake in Shell
Pakistan SHEL.PSX , the companies said in a notice to the stock
exchange (PSX). urn:newsml:reuters.com:*:nL1N3930DL
** Australia's Sovereign Metals SVM.AX said global miner
Rio Tinto RIO.AX RIO.L agreed to buy a 15% stake in the
company and work closely with it to develop a rutile and
graphite project in Malawi. urn:newsml:reuters.com:*:nL1N3920F8
(Compiled by Rajarshi Roy and Pratik Jain in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com;))