Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions Adds Schwarz Group
Sept 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:
** German discount retailer Lidl's owner Schwarz Group is among the potential bidders for Tesco's TSCO.L Central European business as Britain's largest food retailer looks to retreat from overseas markets, the Financial Times reported on Wednesday. [nL6N45F0JD]
** The billionaire family behind H&M HMb.ST is quietly increasing its stake, fuelling speculation it could take the fast-fashion retailer private as CEO Daniel Erver's turnaround efforts have so far failed to boost the shares or lift sales significantly. nL8N45A1AU
** Australia's competition regulator blocked Insurance Australia Group's acquisition of RAC Insurance on Wednesday, saying the deal would substantially reduce competition in Western Australia's motor and home insurance markets. nL6N45F08Y
** Royal Caribbean Group RCL.N said on Wednesday it had agreed to acquire a 50% stake in Caribbean resorts operator Sandals Resorts International, expanding the cruise company's presence in land-based vacation experiences. nL4N45F0AI
** Kimberly-Clark KMB.O has offered concessions to address EU antitrust concerns about its $40 billion bid for Tylenol maker Kenvue KVUE.N, a filing on the European Commission website showed on Wednesday. nL8N45A15Y
(Compiled by Miraanta Lowrance in Bengaluru)
Recent news on H and M Hennes and Mauritz AB
See all newsBrief: H&M Opens First Store In Azerbaijan
Brief: Ramsbury Invest Buys 1.4 Mln Shares In H&M
H&M says website availability affected by maintenance, not external influence
Brief: Ramsbury Invest Acquires 1.8 Mln Shares In H&M
Uniqlo owner Fast Retailing posts record profit as Western sales overtake China (updated)