Deals of the day-Mergers and acquisitions

Olam

24/02/2025 14:35

(Adds: Apollo Global Management, Britain's Wood Group, SALIC
Updates: Prosus, Olam Group)
       Feb 24 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Monday:
     
    ** Dutch technology investor Prosus 
     PRX.AS 
     has agreed to buy Just Eat Takewaway.com 
     for 4.1 billion euros ($4.3 billion) to create a "European
tech champion" of food delivery, it said.
  
     urn:newsml:reuters.com:*:nL2N3PF05D
  
     
    ** Alternative asset manager Apollo Global Management <
    APO.N
    > will buy real estate firm Bridge Investment Group 
     BRDG.N 
     for about $1.5 billion in an all-stock deal, expanding its
real estate offerings.
  
     urn:newsml:reuters.com:*:nL3N3PF0SG
  
     
    ** Britain's Wood Group <
    WG.L>
     is back in talks to be acquired by Dubai's Sidara,
Financial Times reported, sending shares of the oilfield
services and engineering firm up over 30%.
  
     urn:newsml:reuters.com:*:nL3N3PF0W4
  
     
    ** Saudi Arabia's agricultural and livestock investment firm
SALIC has agreed to buy a 44.58% stake in Singapore-based Olam
Group's < 
    OLAG.SI>
     agricultural products business Olam for 1.78 billion, the
companies said.
  
     urn:newsml:reuters.com:*:nL2N3PE09K
  
     
    ** U.S. private equity firm Bain Capital has tabled a
1.1-billion-pound ($1.39 billion) proposal to buy Chemring Group
    CHG.L
    , Sky News reported, sending shares of the London-listed
defence contractor up more than 16%.
  
     urn:newsml:reuters.com:*:nL3N3PF0PI
  
     
** Italy's state-owned bad loan manager AMCO said that it will
buy 80% of public credit management company Exacta Group from
Eulero Capital and the Oreglia founding family.
     urn:newsml:reuters.com:*:nL5N3PF0IW
     
** Britain's National Grid  NG.L  has reached a deal to sell its
U.S. onshore renewables business to Canadian investment firm
Brookfield Asset Management  BAM.TO  for $1.74 billion including
debt, it said.
     urn:newsml:reuters.com:*:nL3N3PF0DY
     
** Switzerland's Energy Infrastructure Partners (EIP) will take
a majority stake in BayWa AG's  BYWGnx.DE  renewable energy unit
BayWa r.e. through a capital increase that will see the German
agricultural group's holding fall to 35% from 51%.
     urn:newsml:reuters.com:*:nL2N3PE09U
     
** NormanMax is to acquire London-based parametric insurtech MGA
FloodFlash in a deal that remains subject to Financial Conduct
Authority approval, sources close to the transaction told The
Insurer.
     urn:newsml:reuters.com:*:nL6N3PF07X
     
** Italian oil services company Saipem  SPMI.MI  said on Sunday
that it will merge with Norwegian rival Subsea 7  SUBC.OL  in a
deal valued at about $4.63 billion.
     urn:newsml:reuters.com:*:nL2N3PE08K
     
** Australia's Perpetual Ltd  PPT.AX  said it has terminated its
support for a takeover deal with buyout firm KKR  KKR.N  for its
wealth management and corporate trust businesses, after an
independent expert deemed it not in the best interests of
shareholders.
     urn:newsml:reuters.com:*:nL3N3PE051
     

 (Compiled by Rajarshi Roy and Kamal Choudhury in Bengaluru)
 ((mailto:Rajarshi.Roy@thomsonreuters.com;))