Deals of the day-Mergers and acquisitions

Illumina

12/04/2024 14:34

(Adds: Illumina, Central Group)
       April 12 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Friday:

        ** U.S. gene sequencing company Illumina's  ILMN.O  plan
to divest cancer diagnostic test maker Grail  GRAL.O  received
the green light from EU antitrust regulators after having
blocked the deal two years ago.
  
         urn:newsml:reuters.com:*:nL5N3GL276    
  
    
        ** Thai retailer Central Group has acquired the landmark
KaDeWe property in central Berlin from the insolvent Austrian
company Signa in what it said was another step towards buying
the group.
  
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    ** Japan's Mitsubishi UFJ Financial Group (MUFG)  8306.T  is
buying a 20% stake in HDFC Bank's  HDBK.NS  non-banking unit HDB
Financial Services, valuing the IPO-bound subsidiary between $9
billion and $10 billion, the Economic Times reported.
     urn:newsml:reuters.com:*:nL3N3GL1E7
    
    ** The United Arab Emirates' state-owned oil company
recently considered buying Britain's BP  BP.L  but the
deliberations did not progress beyond preliminary discussions,
people familiar with the matter told Reuters.
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    ** Societe Generale  SOGN.PA  said it had agreed the sale to
Moroccan conglomerate Saham Group of Société Générale Marocaine
de Banques and La Marocaine Vie for 745 million euros ($797.45
million), as part of a wider divestment strategy, lifting its
shares by more than 2%.
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    ** Australia's Boral  BLD.AX  recommended that investors
accept an up to A$1.5 billion ($980.70 million) takeover offer
from its largest shareholder Seven Group Holdings  SVW.AX ,
after negotiating an increase in the cash component of the deal.
     urn:newsml:reuters.com:*:nL3N3GL05L
    
    ** Brookfield Asset Management  BAM.TO  is in advanced talks
to acquire a majority stake in private credit manager Castlelake
with an investment of more than $1.5 billion, the Financial
Times reported on Thursday.
     urn:newsml:reuters.com:*:nL3N3GK46G
    
    ** Four board members at Paramount Global  PARA.O  will step
down amid reports that the entertainment giant controlled by
Shari Redstone was discussing a merger with Skydance Media, the
company disclosed in its proxy filing on Thursday.
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 (Compiled by Rajarshi Roy and Anuja Bharat Mistry in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;
AnujaBharat.Mistry@thomsonreuters.com))