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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

Adds IG Group, UEFA and Orange

- The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Thursday:


** France is set to sell a small part of its stake in Orange ORAN.PA, the country's biggest telecoms operator, two people familiar with the matter said, with one saying it could raise €1.1 billion ($1.27 billion) from the deal.
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** UEFA and its 55 member nations voted to boycott all FIFA tournaments in protest at the global governing body's plan to sell a stake in the World Cup to external investors.

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** Britain's IG Group IGRI.L said it has agreed to acquire U.S. daily fantasy sports and prediction markets operator Underdog for up to $1.3 billion, deepening its push into the fast-growing U.S. retail trading market.

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** Mapfre has agreed to acquire a 38.9% stake in insurtech Tuio, the companies said, in a deal aimed at expanding the digital insurer’s business in Latin America and Europe.

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** Cloud infrastructure provider Nscale will buy AI software startup Anyscale to help clients better manage and run AI systems efficiently, the companies said .

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** Intercontinental Exchange <ICE.N> said it will acquire bond trading platform MarketAxess Holdings <MKTX.O> in a deal valued at $5.7 billion to expand fixed-income offerings.

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** The Council of Insurance Agents & Brokers has agreed to acquire the Broker Smackdown and Insurance Challenge training programs from PriSim Business War Games, taking ownership of a simulation suite that has run more than 4,400 broker and carrier participants through simulated insurance markets.

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** Hongkong Land Holdings <HKLD.SI> said its Singapore Central Private Real Estate Fund would buy the Wheelock Place development on Singapore's Orchard Road from Wharf Real Estate Investment <1997.HK> for S$1.1 billion ($852.71 million).

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** Amiga Specialty has entered into an exclusive agreement to acquire Volante International’s professional indemnity renewal portfolio, the MGA said on Wednesday.

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** Dutch engineering consultancy group Arcadis <ARDS.AS> has rejected an improved €5.2 billion ($5.7 billion) takeover bid from Canada's WSP Global <WSP.TO>, it said , adding that the latest offer still undervalues the company.

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** Japanese camera lens maker Tamron <7740.T> said it has received an acquisition proposal from Sony Group <6758.T> and that it has established a committee to review its options.

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** HashKey Holdings <3887.HK> has signed a preliminary agreement to acquire Singapore's Asia Pacific Exchange, aiming to expand its regulated financial services business in the city-state, it said in a stock exchange filing on Wednesday.

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** Australian property group Dexus <DXS.AX> said it had agreed to sell the 480 Queen Street office tower in Brisbane for A$700 million ($487.20 million), in a deal aimed at cutting debt and freeing up capital for other investments.

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(Compiled by Rajarshi Roy, Pragyan Kalita and Varun Sahay in Bengaluru)

((Varun.sahay@thomsonreuters.com))

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