Deals of the day-Mergers and acquisitions

Lottomatica SpA

18/01/2024 14:41

(Adds: Saudi Tadawul Group, Rai Way, Sekisui House, BASF 
Updates: Commerzbank)
       Jan 18 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT, on
Thursday:

        ** Stock exchange owner and operator Saudi Tadawul Group
 111.SE  will buy a 32.6% stake in the parent company of Dubai
Mercantile Exchange (DME) and become the Emirati trading
platform's joint largest shareholder, it said.
  
        (
    Full Story
    )
  

        ** Plans by RAI to sell a minority stake in Rai Way
 RWAY.MI  will not stop the state-owned broadcaster from
exploring a tie-up between its TV tower unit and unlisted rival
EI Towers at a later stage, sources from the economy ministry
said.
  
        (
    Full Story
    )
  
        
  
        ** Japanese homebuilder Sekisui House  1928.T  said it
has struck a deal to buy Denver-based builder MDC Holdings
 MDC.N  for about $4.95 billion in cash, to become the
fifth-biggest homebuilder in the United States.
  
        (
    Full Story)
        
  
        **  German chemicals maker BASF  BASFn.DE  said  that a
government review of its $11.2 billion deal to give control over
its energy business Wintershall Dea to Britain's Harbour Energy
 HBR.L  was standard procedure.
        (
    Full Story
    )
  
        
  
        ** Commerzbank said it had bought a majority stake in
renewable energy-focused asset manager Aquila Capital as it
seeks to tap into demand for sustainable investing and boost
commission-related income.
  
        (
    Full Story
    )
  
        
  
    ** 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)

    ** 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;))