Deals of the day-Mergers and acquisitions

L'Occitane International SA

09/04/2024 10:55

April 9 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Tuesday:

    ** A consortium including Hudson's Bay Company CEO Richard
Baker's investment firm NRDC Corp is set to take over German
department store chain Galeria Karstadt Kaufhof, two sources
familiar with the matter told Reuters.
     urn:newsml:reuters.com:*:nL2N3GI0CW
    
    ** Hungary's government will acquire an 80% stake in
Budapest Airport, its economy minister said on the sidelines of
a conference.
     urn:newsml:reuters.com:*:nL2N3GI0JH
    
    ** Eyewear maker EssilorLuxottica  ESLX.PA  said  it had
completed the acquisition of Washin Optical Co., a Japanese
optical retail with around 70 direct stores in the country.
     urn:newsml:reuters.com:*:nL5N3GI1VX

    **  Bain Capital has sold its Axis Bank  AXBK.NS  stake at
1,071 rupees ($12.87) per share to raise $429 million, according
to a source with direct knowledge of the matter.
     urn:newsml:reuters.com:*:nL2N3GI0FO
    
    ** China's CDH Investments said  it completed an investment
for a minority interest in grocery chain Bach Hoa Xanh, a unit
of Vietnam's biggest retail group by market value, Mobile World
 MWG.HM .
     urn:newsml:reuters.com:*:nL2N3GI054
    
    ** HSBC  HSBA.L ,  0005.HK  is selling its business in
Argentina and booking a $1 billion loss on the deal, the bank
said , as it continues to shrink its once globe-spanning empire
to focus on Asia.
     urn:newsml:reuters.com:*:nL3N3GI0R1
    
    ** British insurer Aviva  AV.L  said  it had completed the
453 million pound ($574 million) acquisition of AIG's  AIG.N  UK
life insurance business, sealing the largest takeover under CEO
Amanda Blanc to date.
     urn:newsml:reuters.com:*:nL2N3GI0C2

    ** Blackstone Inc  BX.N  is closing in on a deal to take
Hong Kong-listed skincare company L'Occitane International SA
 0973.HK  private, Bloomberg News reported , citing people
familiar with the matter.
     urn:newsml:reuters.com:*:nL3N3GI0F6

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