Deals of the day-Mergers and acquisitions
07/10/2022 14:50
(Adds Providence, Softline, Cosan; updates IDBI Bank)
Oct 7 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Friday:
** Brazilian conglomerate Cosan SA CSAN3.SA said it had
acquired 4.9% of Vale SA's VALE3.SA common shares and intends to
further increase its stake in the mining company. urn:newsml:reuters.com:*:nL1N3181XO
** London-listed information technology firm Softline
SFTLq.L said it would sell its Russian business to its founder
Igor Borovikov or an entity controlled by him. urn:newsml:reuters.com:*:nL4N3182IW
** Providence Equity Partners has entered exclusive talks to
buy French automotive data firm A2Mac1 for about 1.4 billion
euros ($1.36 billion), clinching one of Europe's rare buyouts in
a tough financing market, two sources told Reuters. urn:newsml:reuters.com:*:nL1N3181E9
** The Indian government is looking to sell a 60.72% stake
in $5.6 billion IDBI Bank IDBI.NS and has invited expressions
of interest, setting the ball rolling on a series of planned
divestments to reduce the budget deficit. urn:newsml:reuters.com:*:nL1N3180RK
** Assa Abloy AB ASSAb.ST is considering options including
selling its Yale and Emtek locks brands as it seeks to overturn
U.S. antitrust opposition to its planned purchase of Spectrum's
Hardware and Home Improvement, three sources familiar with the
matter said. urn:newsml:reuters.com:*:nL1N3161SM
** MidOcean Energy, a unit of U.S. fund EIG, said it had
agreed with Tokyo Gas Co Ltd 9531.T to buy the Japanese
company's stakes in a portfolio of four Australian liquefied
natural gas projects for $2.15 billion. urn:newsml:reuters.com:*:nL1N3180OD
** Norway's Telenor said it had agreed to sell a 30% stake
in its Norwegian fibre broadband unit for 10.8 billion crowns
($1.0 billion) to a consortium led by U.S. investment company
KKR KKR.N and pension firm Oslo Pensjonsforsikring.
urn:newsml:reuters.com:*:nL8N31817K
** PureTech Health PRTC.L said it is in talks with
U.S.-based drug developer Nektar Therapeutics NKTR.O regarding
a possible offer for the biotherapeutics firm. urn:newsml:reuters.com:*:nL4N31813F
** RattanIndia Enterprises Ltd RTNI.NS said it was buying
the stake it did not already own in electric-motorcycle maker
Revolt Motors, at a time when eco-conscious consumers are
turning to alternatives to conventional vehicles. urn:newsml:reuters.com:*:nL4N3180V2
** Mizuho Financial Group's 8411.T securities unit will
acquire a 19.99% stake in Rakuten Securities from its parent
Rakuten Group 4755.T for 80 billion yen ($552 million) to beef
up its online brokerage business, the companies said.
urn:newsml:reuters.com:*:nL4N3172PN
** A Delaware judge on Thursday ordered a halt to Twitter
Inc's TWTR.N lawsuit against Elon Musk on the eve of trial,
giving the billionaire time to finance his $44 billion takeover
of the social media platform. urn:newsml:reuters.com:*:nL1N31726W
** Brazilian power company Copel CPLE6.SA is set to
acquire two wind farms in a deal valued at 1.8 billion reais
($344.68 million), it said on Thursday. urn:newsml:reuters.com:*:nS0N30804I
(Compiled by Akash Sriram, Rajarshi Roy and Bhanvi Satija in
Bengaluru)
((Akash.Sriram@tr.com))