Deals of the day-Mergers and acquisitions

Mitsubishi Chemical

07/02/2025 10:46

Feb 7 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Friday:
     
    ** Legal & General  LGEN.L  said it would sell its U.S.
protection business to Japan's Meiji Yasuda for $2.3 billion in
cash and said the Japanese firm would take a 5% stake in the
British insurer, in the biggest strategic move so far under CEO
António Simões.
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    **  U.S. private equity firm Bain Capital has bought
Mitsubishi Tanabe Pharma in a deal worth 510 billion yen ($3.4
billion), saying it was encouraged by prospects of regulatory
change for Japan's drug industry.
     urn:newsml:reuters.com:*:nL1N3OY070
     
    ** German consumer goods maker Henkel  HNKG.DE  said it
would sell its retailer brands business in North America to an
affiliate of First Quality Enterprises, LLC.
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    ** Japan's Mitsubishi Chemical  4188.T  said it will sell
pharmaceutical subsidiary Tanabe Mitsubishi Pharma to U.S.
private equity firm Bain Capital in a deal worth 510 billion yen
($3.36 billion) as it seeks to streamline its portfolio.
     urn:newsml:reuters.com:*:nL4N3OY007
     
    ** Real estate private equity firm Gaw Capital and
Singapore-based investor Patience Capital Group have completed
the acquisition of Tokyu Plaza Ginza, a prime mall in central
Tokyo, in a deal worth more than $1 billion, Gaw's Japan head
said .
     urn:newsml:reuters.com:*:nL4N3OY0HW
     
    ** Brazilian oil company Prio  PRIO3.SA  is in talks to buy
the 60% stake owned by Norway's Equinor  EQNR.OL  in the
Peregrino oil field, Brazilian newspaper Folha de S. Paulo
reported on Thursday, citing sources.
     urn:newsml:reuters.com:*:nL1N3OX1HN
     
    ** Italy's fourth-largest bank BPER  EMII.MI  on Thursday
joined in a raft of takeover bids rocking the country's
financial sector, with a 4.3 billion euro ($4.46 billion)
all-share bid for Banca Popolare di Sondrio  BPSI.MI .
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 (Compiled by Rajarshi Roy and Padmanabhan Ananthan in
Bengaluru)
 ((Padmanabhan.Ananthan@thomsonreuters.com))