Deals of the day-Mergers and acquisitions

Kina Securities

22/09/2021 15:21

(Adds Genoa, Updates Zip)
    Sept 22 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
Wednesday:
    
    ** Italian businessman Enrico Preziosi has agreed to sell
Serie A club Genoa, Italy's oldest soccer club, to U.S.
investment firm 777Partners, sources close to the deal said.
 urn:newsml:reuters.com:*:nR1N2OS01M
    
    ** Australian buy-now-pay-later firm Zip Co Ltd  Z1P.AX 
said it would invest $50 million to acquire a minority interest
in Indian peer ZestMoney, as part of its plans to tap new growth
markets and add investors. urn:newsml:reuters.com:*:nL4N2QO3JT
    
    ** Entain's  ENT.L  shares hit a record high after the
British gambling group received a $22.4 billion takeover
proposal from U.S. rival DraftKings  DKNG.O , double a bid it
rejected from joint venture partner MGM  MGM.N  in
January. urn:newsml:reuters.com:*:nL1N2QO0EV

    ** Sony's  6758.T  India entertainment unit will buy local
rival Zee  ZEE.NS , merging TV channels, film assets and
streaming platforms to become the largest broadcaster in the
country and better compete with companies like Netflix and
Disney. urn:newsml:reuters.com:*:nL4N2QO0QI
        
    ** Vaccine maker Serum Institute of India will invest 50
million pounds ($68 million) in Oxford Biomedica  OXB.L  to help
fund the development of a plant that manufactures COVID-19
shots, the British company said. urn:newsml:reuters.com:*:nL4N2QO1N5
        
    ** Shares in Thailand's third largest lender, Siam
Commercial Bank Pcl  SCB.BK  jumped in morning trading,
following its announcement of a joint venture with the country's
top mobile network, Advanced Info Service Pcl
 ADVANC.BK . urn:newsml:reuters.com:*:nL4N2QO1J1
    
    ** French telecoms firm Iliad SA  ILD.PA  said it had struck
a deal with U.S. cable operator Liberty Global Plc  LBTYA.O  to
buy Polish fixed internet operator UPC for an enterprise value
of 7 billion zlotys ($1.78 billion). urn:newsml:reuters.com:*:nL8N2QO0NH
            
    ** Australian lithium company Lake Resources NL  LKE.AX  and
California-based Lilac Solutions said they are teaming up to
jointly develop the Kachi Lithium Brine project in Argentina,
sending Lake's shares rocketing more than 20%
higher. urn:newsml:reuters.com:*:nL4N2QN3J5
        
    ** Westpac  WBC.AX  said it was scrapping the sale of its
Pacific businesses to Kina Securities  KSL.AX  after the deal
was blocked by Papua New Guinea's competition regulator, a move
that could lead the company to write back losses. urn:newsml:reuters.com:*:nL4N2QN38Z

 (Compiled by Rajarshi Roy, Deborah Sophia and Niket Nishant in
Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))