Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions Adds FIFA and Frasers
July 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Tuesday:
** British retailer Frasers FRAS.L has disclosed a 4.16% exposure in Burberry Group BRBY.L, according to a regulatory filing from the UK-based luxury brand. nL6N43U111
** FIFA said it plans to create a $20 billion subsidiary to run the World Cup and its other events and will offer stakes of up to 20% in it to external investors, a move that provoked a furious response from UEFA, who accused world soccer's governing body of putting the game's "soul" up for sale.
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** Cover Genius has acquired Berlin-based Friendsurance, the embedded insurance-focused insurtech announced.
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** Stellantis <STLAM.MI> has agreed to sell its Free2move car-sharing unit to German investment company Mutares <MUXG.DE>, the automaker said, as CEO Antonio Filosa continues efforts to sharpen the group's focus on its core vehicle production.
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** Italian luxury yacht maker Sanlorenzo <SNL.MI> said on Monday it has backed a consortium's offer to acquire the entire business undertaking of peer the Italian Sea Group <TISGR.MI>, which is undergoing insolvency proceedings, and plans to take a minority stake in the bidding vehicle.
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(Compiled by Rajarshi Roy, Pragyan Kalita and Varun Sahay in Bengaluru)