Deals of the day-Mergers and acquisitions

Max Healthcare Institute

08/12/2023 10:56

Dec 8 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT, on Friday:

    ** India's Max Healthcare Institute MAXE.NS said on Friday
it will buy the 550-bed Sahara Hospital in Lucknow, Uttar
Pradesh for an enterprise value of 9.40 billion rupees ($112.76
million).
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    ** Italy is considering selling part of its stake in postal
service Poste Italiane  PST.MI  next year in a deal that could
be worth 3.8 billion euros ($4.10 billion), an Italian newspaper
reported.
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    ** Greece and Paneuropean Oil & Industrial Holdings will
jointly sell a stake of 11% in Greece's biggest oil refiner
Helleniq Energy  HEPr.AT  at 7 euros per share, the country's
privatisation agency HRADF said.
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    ** Santos Ltd shares jumped on the prospect of a possible
$52 billion merger with bigger Australian rival Woodside, but
investors said valuation will be key, while domestic asset sales
are likely to be needed to overcome competition concerns.
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    ** Norwegian Air  NAS.OL  said it had asked Norway's
competition watchdog (NCA) to reverse a planned ban of the
airline's takeover of domestic rival Wideroe.
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    ** China's largest listed steelmaker, Baoshan Iron & Steel
 600019.SS  (Baosteel), said it had agreed to buy a 48.6% stake
in a steelmaker for 10.7 billion yuan ($1.49 billion) from
Shandong Iron & Steel Group.
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    ** Japan's Outsourcing  2427.T  plans to go private by
launching a management buyout with Bain Capital, the Nikkei
reported.
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 (Compiled by Rajarshi Roy and Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com))