Deals of the day-Mergers and acquisitions

Jindal Stainless

01/05/2024 21:36

(Adds: AlphaTheta, BBVA, Jindal Stainless, Epos Now, Bancorp,
Presight AI Holding)
       May 1 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1740 GMT on
Wednesday:
    
    ** Artificial intelligence company Presight AI Holding
 PRESIGHT.AD  has acquired a majority stake in AIQ, a technology
joint venture between Abu Dhabi National Oil Company and G42,
under a new ownership structure announced by the companies on
Wednesday.  urn:newsml:reuters.com:*:nL1N3H41NZ
    
    ** New York Community Bancorp  NYCB.N  CEO Joseph Otting
said the bank will be working over the next few days to finalize
a deal to sell $5 billion of its assets.  urn:newsml:reuters.com:*:nL4N3H42ER
        
  
    ** British tech group Epos Now is exploring strategic
options, including the sale of a minority stake in the business,
four people familiar with the matter told Reuters.  urn:newsml:reuters.com:*:nL8N3H41QQ

    ** India's Jindal Stainless  JIST.NS  said on Wednesday it
is investing nearly 54 billion rupees ($646.6 million) for
acquisitions and capacity expansion.  urn:newsml:reuters.com:*:nL4N3H41YK
    
        ** Spanish bank BBVA  BBVA.MC  said on Wednesday it had
submitted a merger proposal to Sabadell  SABE.MC , valuing its
smaller rival at about 12 billion euros ($12.8 billion).
 urn:newsml:reuters.com:*:nL8N3H41YM
  
        
  
        ** British competition regulator said that Japan-based
AlphaTheta's proposed deal to acquire New Zealand's Serato could
see DJs paying more to keep partygoers entertained.  urn:newsml:reuters.com:*:nL4N3H41HR
  
    
    ** Macquarie Asset Management, part of Macquarie Group
 MQG.AX , has agreed to sell a 10% stake in Britain's East
Anglia ONE offshore wind farm to renewable energy asset manager
NTR.  urn:newsml:reuters.com:*:nL1N3H40FU
    
    ** Allen & Overy and Shearman & Sterling said that they have
completed their long-planned merger, officially launching the
largest transatlantic law firm combination in years.
 urn:newsml:reuters.com:*:nL1N3H32B0
    
    ** China's Zhaojin Capital has won control of Australia's
Tietto Minerals  TIE.AX  after a protracted six months takeover
tussle that values the gold producer at A$733 million ($474.62
million), according to a regulatory filing.  urn:newsml:reuters.com:*:nL4N3H404U
    
    ** Australian retailer Woolworths  WOW.AX  said that it
would sell a 5% stake worth A$468 million ($302.84 million) in
Endeavour Group  EDV.AX , almost three years after spinning out
the liquor store and pub operator.  urn:newsml:reuters.com:*:nL1N3H347Z
    
    ** Brazilian miner Vale  VALE3.SA  said on Tuesday it
concluded the sale of 10% of Vale Base Metals to Manara Minerals
for $2.5 billion, according to a securities filing.  urn:newsml:reuters.com:*:nL1N3H349P
    
    ** PG&E  PCG.N  said on Tuesday it had entered into
exclusive negotiations to sell a minority interest in Pacific
Generation to KKR & Co's  KKR.N  unit, as the utility firm seeks
funding to improve its energy grid.  urn:newsml:reuters.com:*:nL4N3H36G5

 (Compiled by Rajarshi Roy, Pratyush Thakur and Pratik Jain in
Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))