Deals of the day-Mergers and acquisitions

Kyndryl Holdings

11/06/2024 20:54

June 11 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1945 GMT on Tuesday:
    
    ** KKR & Co  KKR.N  has agreed to buy a "significant"
minority stake in Quick Quack Car Wash, the investment firm told
Reuters and sources familiar with the deal said KKR would pay
$850 million.  urn:newsml:reuters.com:*:nL1N3I90NJ
    
    ** Italian energy company Eni  ENI.MI  said it had launched
an accelerated bookbuilding procedure to sell 10% of the share
capital of oilfield group Saipem  SPMI.MI .  urn:newsml:reuters.com:*:nL8N3I91HU
    
    ** Insurance brokerage firm Marsh McLennan's  MMC.N  unit
Mercer has agreed to buy Cardano, a London-based pension fund
manager that oversees $66 billion of assets, to widen its
foothold in the UK market.  urn:newsml:reuters.com:*:nL4N3I91C2 
    
    ** Italy's Snam  SRG.MI  is in talks with suitors over the
sale of its 23.7% stake in Interconnector, the company that owns
and operates the gas pipeline between Britain and Belgium, the
CEO of the Italian gas grid operator said.  urn:newsml:reuters.com:*:nL8N3I917Z  

        ** Singapore-based consumer group Tolaram agreed to buy
Diageo's  DGE.L  58.02% shareholding in Guinness Nigeria
 GUINNES.LG  and enter into long-term licence and royalty
agreements, the Nigerian brewer said in a statement.
 urn:newsml:reuters.com:*:nL1N3I9093
    
    ** British Airways owner IAG  ICAG.L  has again offered
remedies to the European Commission aimed at securing EU
approval of its takeover of Spain's Air Europa.  urn:newsml:reuters.com:*:nL8N3I80DS
        
  
    ** Spain's stock market supervisor said it has started
assessing BBVA's  BBVA.MC  12.28 billion euro ($13.19 billion)
hostile takeover bid for Sabadell  SABE.MC , a potential tie-up
that Madrid opposes.  urn:newsml:reuters.com:*:nL1N3I90GH
            
    ** Spanish holding company Criteria said it sold a 2.64%
stake in mobile phone mast operator Cellnex  CLNX.MC  for 613
million euros ($660.02 million) in a private placement.
 urn:newsml:reuters.com:*:nL1N3I904S
    
    ** IndiGo airline's biggest shareholder will sell a 2% stake
worth $394 million in the low-cost Indian carrier, per a term
sheet seen by Reuters, marking its first such sale in at least
four years during which the company's stock has soared.
 urn:newsml:reuters.com:*:nL4N3I90C9
    
    ** Private equity firm Bain Capital has offered to buy
Australia's Bapcor  BAP.AX  in a A$1.83 billion ($1.21 billion)
deal, which analysts said could draw attention of more suitors
to the struggling auto parts retailer.  urn:newsml:reuters.com:*:nL4N3I81JM
    
    ** Spanish holding firm Criteria said on Monday it had not
reached an agreement with Abu Dhabi's TAQA  TAQA.AD  over a
potential joint takeover bid for Spanish gas firm Naturgy
 NTGY.MC .  urn:newsml:reuters.com:*:nL1N3I80OE    
    
    ** Mining giant Rio Tinto  RIO.AX  said it will buy
Mitsubishi Corp's  8058.T  11.65% stake in Boyne Smelters (BSL)
for an undisclosed sum.  urn:newsml:reuters.com:*:nL4N3I81JB
        
    **  Buyout firm Apollo Global  APO.N  and Kyndryl Holdings
 KD.N , the information technology services provider that was
spun out of IBM  IBM.N , are in talks about a joint bid for DXC
Technology  DXC.N , people familiar with the matter said on
Monday.  urn:newsml:reuters.com:*:nL1N3I80Y0

 (Compiled by Rajarshi Roy and Sourasis Bose in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))