Deals of the day-Mergers and acquisitions
18/01/2024 10:48
Jan 18 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT, on
Thursday:
** Indian snacks maker Haldiram's is in talks to acquire a
majority stake in listed rival Prataap Snacks PRAT.NS , which
is valued at $350 million, to expand its presence in the potato
chip market, two people with direct knowledge of the matter
said.
(Full Story)
** Commerzbank acquired a 74.9% majority stake in German
asset manager Aquila Capital, the bank said, without disclosing
financial details of the transaction.
(Full Story)
** UniCredit CRDI.MI Chief Executive Andrea Orcel said his
bank was not buying shares in Popolare di Sondrio, dismissing as
"noise" a newspaper report about UniCredit being the lender
behind stakebuilding in the smaller rival.
(Full Story)
** Italian gaming group Lottomatica LTMC.MI said that
majority shareholder Gamma Intermediate had completed the sale
of a 6.4% stake, or 16 million shares, worth 152 million euros
($166 million).
(Full Story)
** Global Infrastructure Partners (GIP) is in talks to buy
up to a 49% stake in MMC Port Holdings, in a deal potentially
valuing Malaysia's biggest port operator at around 30 billion
ringgit ($6.4 billion), two sources with knowledge of the matter
said.
(Full Story)
** India's Sun Pharmaceutical Industries Limited SUN.NS
said on Wednesday it would buy all the shares of Taro
Pharmaceutical Industries TARO.N it does not already own for
$43 per share in cash, effectively taking full control of its
unit.
(Full Story)
** LiveRamp Holdings RAMP.N , a software company which
helps match up customer datasets for brands, advertisers and
retailers, told Reuters on Wednesday it has agreed to acquire
marketing data startup Habu for $200 million in cash and stock.
(Full Story)
(Compiled by Rajarshi Roy and Vallari Srivastava in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com;))