Deals of the day-Mergers and acquisitions

Karora Resources

08/04/2024 10:44

April 8 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Monday:

    ** Abu Dhabi investor Lunate and Saudi conglomerate Olayan
Group have agreed to acquire a 49% stake in ICD Brookfield
Place, a major commercial property in Dubai's financial centre.
     urn:newsml:reuters.com:*:nL2N3GH0K7
    
    ** French media group Vivendi's  VIV.PA  Canal+ made an
all-cash mandatory offer  to buy all the shares of South African
broadcaster MultiChoice  MCGJ.J  it does not already own for 35
billion rand ($1.9 billion), both companies said.
     urn:newsml:reuters.com:*:nL2N3GH0AO
    
    ** Private equity firm Permira has agreed to sell a majority
stake in higher education group Universidad Europea to Swedish
rival EQT  EQTAB.ST , two sources familiar with the matter told
Reuters.
     urn:newsml:reuters.com:*:nL5N3GH19G
    
    ** UBS  UBSG.S  said  its Japanese wealth management joint
venture with SuMi TRUST Wealth Management Co, will acquire
Credit Suisse's wealth management business in Japan following
the Swiss bank's absorption of its stricken rival in 2023.
     urn:newsml:reuters.com:*:nL5N3GH17A
    
    ** APM Human Services'  APM.AX  top shareholder, Madison
Dearborn Partners,  offered to buy the 71% of the Australian
employment services firm it does not own for A$910.4 million
($599 million), an offer the company called 'disappointing'.
     urn:newsml:reuters.com:*:nL3N3GH0WM

    ** Australia's Westgold Resources  WGX.AX  said  it had
agreed to acquire Toronto-listed Karora Resources  KRR.TO  in a
cash-and-stock deal worth about A$1.23 billion ($808.36
million), seeking its gold assets in Western Australia.
     urn:newsml:reuters.com:*:nL3N3GG0JR
    
    ** Australian glove maker Ansell Ltd  ANN.AX  said  it will
buy the personal protective equipment unit of U.S.-based
Kimberly-Clark  KMB.N  for $640 million, and expects to complete
the acquisition in the first quarter of financial year 2025.
     urn:newsml:reuters.com:*:nL2N3GG0I7

 (Compiled by Rajarshi Roy and Anuja Bharat Mistry in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))