Deals of the day-Mergers and acquisitions

Orora

30/08/2023 15:39

(Adds: Energy Infrastructure Partners, MaryRuth Organics LLC,
India's Zomato)
       Aug 30 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1420 GMT on
Wednesday:

        ** Swiss asset manager Energy Infrastructure Partners
(EIP) is working on the details of a potential offer to buy a
minority stake in Plenitude, the low carbon unit of Italian
energy group Eni  ENI.MI , two sources said.  urn:newsml:reuters.com:*:nL8N3AB33C
  
    
        ** MaryRuth Organics LLC is exploring options including
a sale that could value the maker of health supplements at
nearly $1 billion, including debt, according to people familiar
with the matter.  urn:newsml:reuters.com:*:nL1N3AA1S6
  
        
  
        ** SoftBank Vision Fund sold a 1.17% stake in Indian
food delivery firm Zomato  ZOMT.NS  in a deal valued at 9.47
billion rupees ($114.7 million), exchange data showed.
 urn:newsml:reuters.com:*:nL4N3AAR0M
  
    
    ** Shares in Instem Plc  INS.L  soared over 39% after the
British life sciences software company agreed to a take-private
deal with French private equity firm Archimed SAS for 203
million pounds ($256.5 million).  urn:newsml:reuters.com:*:nL4N3AB1MP
    
    ** U.S. vision systems company Cognex said it has agreed to
buy Japanese optical component producer Moritex Corp for 40
billion yen ($273.49 million) in its largest acquisition to
date, as it seeks to increase its market presence in
Japan. urn:newsml:reuters.com:*:nL4N3AB1CF

    ** Hyundai Motor Group said that it would acquire a 5% stake
in Korea Zinc  010130.KS  for 527.2 billion won ($397.74
million).  urn:newsml:reuters.com:*:nP8N39800N
    
    ** U.S. health insurer Centene  CNC.N  is selling its chain
of GP clinics and the largest private hospital group in the UK
as it drops plans to make inroads into Britain's healthcare
system, the Financial Times reported.  urn:newsml:reuters.com:*:nL4N3AB0YO

    ** Australian packaging firm Orora Ltd  ORA.AX  confirmed 
it was in advanced discussions regarding a potential acquisition
of French high-end glass bottles manufacturer Saverglass SAS.
     urn:newsml:reuters.com:*:nL4N3AB0RL
    
    ** Seven & i Holdings  3382.T  will sell department store
unit Sogo & Seibu on Sept. 1, a source with direct knowledge of
the matter said, triggering a plan for a walk-out at a flagship
store in what would be Japan's first major strike in
decades. urn:newsml:reuters.com:*:nL4N3AB0RZ
    
    ** Chinese private-equity firm Trustar Capital said it plans
to sell Moritex Corporation to U.S.-based Cognex  CGNX.O , and
expects to conclude the transaction in the next few months.
 urn:newsml:reuters.com:*:nL4N3AB0LM
    
    ** Mexican bottler and retailer Femsa  FEMSAUBD.MX  said it
has reached an agreement with U.S. distributor Bradyifs to
create a supply platform for cleaning products, food disposable
and packaging in the United States.  urn:newsml:reuters.com:*:nE1N39V01J

 (Compiled by Rajarshi Roy, Arsheeya Bajwa and Jaspreet Singh in
Bengaluru)
 ((ArsheeyaSingh.Bajwa@thomsonreuters.com))