Deals of the day-Mergers and acquisitions

Orora

05/09/2023 14:52

(Adds: LVMH, Western Midstream Partners, Viper Energy Partners,
Inditex   Updates: Albemarle)
       Sept 5 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Tuesday:

        ** French luxury house LVMH's  LVMH.PA  eyewear Thelios
unit said it had acquired French high-end sunglass brand Vuarnet
from NEO Investment Partners, without disclosing any financial
details.  urn:newsml:reuters.com:*:nL8N3AH2QA
  
        
  
        ** Albemarle  ALB.N , the world's largest lithium
producer, aims to close its buyout of junior Australian rival
Liontown Resources  LTR.AX  by the middle of 2024, its chief
executive said.  urn:newsml:reuters.com:*:nL1N3AH0YF
  
        
  
        ** Western Midstream Partners  WES.N  said it was
acquiring Meritage Midstream Services II LLC for $885 million as
the pipeline and oil & gas processing plant operator aims to
expand its footprint in Wyoming's Powder River Basin.
 urn:newsml:reuters.com:*:nL4N3AH2NF
  
        
  
        ** Viper Energy Partners  VNOM.O , a subsidiary of
Diamondback Energy  FANG.O , said it will acquire certain
mineral and royalty interests in the Permian Basin from
affiliates of Warwick Capital Partners and GRP Energy Capital in
a roughly $1-billion cash and stock deal.  urn:newsml:reuters.com:*:nL4N3AH2EU
  
        
  
        ** Dubai Holding, the investment vehicle of Dubai's
ruler Sheikh Mohammed bin Rashid Al Maktoum, is weighing the
sale of its minority stake in Azadea Group, which operates
Inditex  ITX.MC  franchises in the Middle East including Zara,
three people with knowledge of the matter told Reuters
 urn:newsml:reuters.com:*:nL8N3AG17G
  

    ** Soap maker PZ Cussons  PZC.L  said it has offered to buy
out minority shareholders of PZ Cussons Nigeria (PZCN) and aims
to de-list the business from the Nigerian stock exchange amid
"foreign exchange challenges" in the country  urn:newsml:reuters.com:*:nL4N3AH1D4
    
    ** Caledonia Investments  CLDN.L  said it would sell its
majority stake in wealth manager Seven Investment Management
(7IM) to Canada's Ontario Teachers' Pension Plan Board for about
255 million pounds ($321.5 million).  urn:newsml:reuters.com:*:nL4N3AH1DI
  
    ** Australian packaging company Orora Ltd  ORA.AX  said it
would buy French high-end glass bottle manufacturer Saverglass
from private equity firm Carlyle Group  CG.O  for A$2.16 billion
($1.4 billion). urn:newsml:reuters.com:*:nL1N3AH002
    
    ** European private equity firm CVC Capital is on the verge
of buying a majority stake in Dutch infrastructure firm DIF
Capital Partners in a deal worth around 1 billion euros ($1.08
billion) in a cash and stock deal, the Financial Times
reported urn:newsml:reuters.com:*:nL1N3AG1MM
    
    ** Brazilian furniture retailers Mobly  MBLY3.SA  and
Carlyle-owned Tok&Stok agreed on terms for a merger, a report by
local newspaper Valor Economico said on Monday.  urn:newsml:reuters.com:*:nL1N3AG1M5
    
    ** Hong Kong's Swire Properties group  1972.HK  has
submitted bids worth a combined 9.71 billion yuan ($1.34
billion) to take stakes in two Chinese companies that have land
plot assets in Shanghai's Pudong district  urn:newsml:reuters.com:*:nL4N3AG2AX
    
    ** Italian energy group Eni  ENI.MI  signed on Monday an
agreement to sell its unit Nigerian Agip Oil Company (NAOC) to
Nigerian counterpart Oando  OANDO.LG , the group said in a
statement urn:newsml:reuters.com:*:nL8N3AG1YC
    
    ** European private equity firm, Permira, has agreed to buy
British biopharmaceutical services company Ergomed  ERGO.L  for
about 703.1 million pounds ($886.40 million), the two firms said
on Monday, in the latest UK healthcare deal this
year urn:newsml:reuters.com:*:nL4N3AG161

    ** UAE's Global Investment Holding Co has agreed to buy a
30% stake in Eastern Co.  EAST.CA , Egypt's main tobacco
products maker, for $625 million, a measure that will widen
private participation in the economy, Egypt's cabinet said on
Sunday urn:newsml:reuters.com:*:nL8N3AF0EG
    
    ** Saudi Basic Industries Corp  2010.SE  said on Sunday it
had agreed to sell subsidiary Saudi Iron and Steel Company
(Hadeed) to the Public Investment Fund (PIF) for an enterprise
value of 12.5 billion riyals ($3.33 billion) urn:newsml:reuters.com:*:nL1N3AF02U

 (Compiled by Rajarshi Roy and Ananta Agarwal in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))