Deals of the day-Mergers and acquisitions

Max Healthcare Institute

08/12/2023 14:37

(Adds LVMH)
       Dec 8 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2100 GMT, on Friday:
    
    ** LVMH  LVMH.PA  signed a deal to sell a majority stake in
the parent company of its cruise retail business to a group of
investors led by Jim Gissy, but will remain an "important
minority shareholder" in the new entity, the luxury group said.
    
    ** The U.S. Federal Trade Commission has sent a second
request to Chevron  CVX.N  and Hess  HES.N  for additional
information and documentary materials related to their $53
billion deal, the companies said.  urn:newsml:reuters.com:*:nL4N3D32U6
    
    ** U.S. industrial firm Honeywell  HON.O  said it would buy
air conditioner maker Carrier's  CARR.N  security unit for $4.95
billion in cash to bulk up its building safety business where
growth has slowed in recent months.  urn:newsml:reuters.com:*:nL4N3D32JV
    
    ** LyondellBasell  LYB.N  said it has entered into an
agreement to sell its production facility and associated
business at Bayport, Texas to chemical maker INEOS Oxide for
$700 million.  urn:newsml:reuters.com:*:nL4N3D32JB
    
    ** The Italian Treasury is not working to cut its stake in
postal service Poste Italiane  PST.MI , a ministry spokesperson
said, responding to a newspaper report that it could sell its
full 29.26% holding through a public offer.  urn:newsml:reuters.com:*:nL8N3D313E
    
    ** India's Max Healthcare Institute  MAXE.NS  said it would
buy Sahara Hospital in Lucknow, Uttar Pradesh for an enterprise
value of 9.40 billion rupees ($112.76 million), as it looks to
expand its operations in the country.  urn:newsml:reuters.com:*:nL4N3D32AL

    ** 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.  urn:newsml:reuters.com:*:nA8N39B020
    
    ** 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.
 urn:newsml:reuters.com:*:nL1N3D23M8
    
    ** 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.  urn:newsml:reuters.com:*:nL8N3D31JU
    
    ** 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.  urn:newsml:reuters.com:*:nL1N3D30HJ
    
    ** Japan's Outsourcing  2427.T  plans to go private by
launching a management buyout with Bain Capital, the Nikkei
reported.  urn:newsml:reuters.com:*:nL1N3D30G9

 (Compiled by Rajarshi Roy, Juveria Tabassum, Aishwarya Jain and
Annett Mary Manoj in Bengaluru)
 ((Annettmary.manoj@thomsonreuters.com))