Deals of the day-Mergers and acquisitions

Metro Pacific Investments

01/07/2024 21:09

(Adds BlackRock, Boeing, Poste Italiane and Robinhood Markets)
       July 1 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Monday:
    ** Italy's Treasury has picked accounting firm KPMG to put a
price tag on PagoPA, a company handling digital payments to the
public administration, as it prepares to sell the business to
the state mint and postal service Poste Italiane  PST.MI ,
people close to the matter said.  urn:newsml:reuters.com:*:nL8N3IT0EW
        
  
    ** Robinhood Markets  HOOD.O  said it had bought artificial
intelligence-powered investment platform Pluto Capital, adding
the trading app to a growing list of companies looking to offer
AI tools to customers.  urn:newsml:reuters.com:*:nL4N3IT14Z
        
  
        ** BlackRock  BLK.N  could start offering indexes and
exchange-traded funds (ETFs) for private markets, the asset
manager said on Monday, after it announced a deal to buy data
provider Preqin for nearly $3.2 billion.  urn:newsml:reuters.com:*:nL4N3IT0ZA 
  
        
  
        ** Boeing  BA.N  agreed to buy back Spirit AeroSystems
SPR.N for $4.7 billion in stock and Airbus moved to take on the
supplier's loss-making Europe-focused activities, sending shares
in all three companies higher in a rare transatlantic break-up.
 urn:newsml:reuters.com:*:nL4N3IT09U
  
    
    ** Swiss bank UBS  UBSG.S  has completed the merger of its
domestic unit with Credit Suisse's operations in its home
market, the bank said, adding that the head of the Credit Suisse
business was leaving the bank.  urn:newsml:reuters.com:*:nL1N3IT0F3
    
    ** China-focused private equity firm Ascendent Capital said
it has obtained all approvals in China for its proposed $1.7
billion takeover of Hollysys Automation Technologies  HOLI.F .
 urn:newsml:reuters.com:*:nL4N3IT0UV
    
    ** Boeing  BA.N  agreed to buy back Spirit AeroSystems
 SPR.N  for $4.7 billion in stock and Airbus moved to take on
the supplier's loss-making Europe-focused activities in return
for hundreds of millions of dollars of compensation following
months of talks.  urn:newsml:reuters.com:*:nL4N3IT09U
    
    ** Danish shipping group Maersk  MAERSKb.CO  said it is no
longer interested in buying DB Schenker as integrating the
logistics firm would pose too many challenges.  urn:newsml:reuters.com:*:nL8N3IT0NF
    
    ** Metro Pacific Tollways Corp  MPCFF.PK  (MPTC) and
Singapore sovereign wealth fund GIC will take up a stake worth
$1 billion in a unit of Indonesian toll-road operator PT Jasa
Marga  JSMR.JK  as Asia Pacific sees growing investor interest
in infrastructure assets.  urn:newsml:reuters.com:*:nL4N3IT0LU
    
    ** South African pharmacy chain Clicks Group  CLSJ.J  said
it would sell drug maker Unicorn Pharmaceuticals to comply with
a court ruling, clearing the way for the health ministry to
issue the company with licences for new stores.  urn:newsml:reuters.com:*:nL8N3IT0FF    

    ** BlackRock  BLK.N  has agreed to buy UK data firm Preqin
for 2.55 billion pounds ($3.23 billion) in cash in a further
expansion by the world's biggest asset management company into
alternative investments.  urn:newsml:reuters.com:*:nL1N3IS07X

    ** French private equity firm PAI Partners teamed up with
Spanish peer Inveready to make an offer to buy Spain's fifth
largest telecom company Avatel, Expansion newspaper reported
citing unidentified market sources.  urn:newsml:reuters.com:*:nL1N3IT07Q
    
    ** Indonesia's Delta Dunia Group  DOID.JK  plans to grow
through acquisitions, backed by strong support from its lenders,
after it completed the $122.4 million purchase of Atlantic
Carbon Group, director Iwan Salim said.  urn:newsml:reuters.com:*:nL1N3IT05J
    
    ** Google  GOOGL.O  said it has taken a stake in Taiwan's
New Green Power and could buy up to 300 megawatts of renewable
energy from the BlackRock  BLK.N  fund-owned firm to help cut
its carbon emissions and those of suppliers.  urn:newsml:reuters.com:*:nL8N3IQ0XT

 (Compiled by Rajarshi Roy, Sneha S K and Priyanka.G in
Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))