Deals of the day-Mergers and acquisitions

Orkla ASA

24/01/2025 14:38

(Adds: HongShan Capital Group  Updates: Monte dei Paschi)
       Jan 24 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Friday:

        ** State-backed Monte dei Paschi di Siena  BMPS.MI  
joined in the consolidation wave sweeping Italian banking with a
surprise 13.3 billion euro ($14 billion) all-share offer to buy
merchant bank Mediobanca  MDBI.MI .  urn:newsml:reuters.com:*:nL3N3OK0KD
  
    
        ** HongShan Capital Group said  it has struck a deal to
acquire a majority stake in Marshall Group in a deal valuing the
audio equipment maker at 1.1 billion euros ($1.15 billion).
 urn:newsml:reuters.com:*:nL5N3OK106
  

    ** The unit of Blackstone  BX.N  dedicated to investments in
the energy industry has agreed to acquire Potomac Energy Center,
the asset manager told Reuters on Thursday, in a deal
symbolizing the allure to investors of power plants sited near
data centers.  urn:newsml:reuters.com:*:nL6N3OK02A

    ** Tata Electronics said it has bought a 60% stake in
Taiwanese contract manufacturer Pegatron's India unit that
operates an iPhone plant, beefing up the Tata group firm's
position as an Apple supplier in a fast growing market.
 urn:newsml:reuters.com:*:nL3N3OK0OP

    ** Spanish defence and technology company Indra  IDR.MC  was
set to buy satellite operator Hispasat from Redeia  REDE.MC  for
650 million euros ($679 million) to expand in the space
industry, daily newspaper El Pais reported , citing unnamed
sources with knowledge of the situation.  urn:newsml:reuters.com:*:nL5N3OK0CJ
    
    ** Commonwealth Bank of Australia  CBA.AX  said  it will
sell its remaining 5.45% stake in Bank of Hangzhou  600926.SS 
to New China Life Insurance  601336.SS  for gross proceeds of
about A$940 million ($593.4 million).  urn:newsml:reuters.com:*:nL3N3OK0Q5
    
    ** Norwegian branded consumer goods group Orkla  ORK.OL 
said  it had agreed to sell its hydro power portfolio in two
separate transactions for 6.1 billion crowns ($543.78 million)
in total.  urn:newsml:reuters.com:*:nL5N3OK09E

    ** Brazilian state-run oil company Petrobras  PETR4.SA  said
on Thursday that it had started the binding phase of the process
to sell its 25% stake in the offshore Tartaruga oil field,
according to a securities filing.  urn:newsml:reuters.com:*:nS0N3NV00A
    
    ** Unity Partners-backed P&C insurance brokerage Tropolis
has acquired BDMH Enterprises, Follmer Insurance Services,
Madigan Pingatore Insurance Agency and R&A Insurance.
 urn:newsml:reuters.com:*:nL6N3OJ0L3

 (Compiled by Rajarshi Roy and Anshuman Tripathy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))