Deals of the day-Mergers and acquisitions

Pacific Current

26/07/2023 15:12

(Adds Cellnex, Haveli Investments; Updates PacWest Bancorp)
       July 26 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on
Wednesday:

    ** Spain's Cellnex  CLNX.MC  is exploring a sale of a
minority stake in its Nordic operations that could value the
unit at up to 1 billion euros ($1.11 billion), people familiar
with the matter said, as the company looks to pay down
debt urn:newsml:reuters.com:*:nL1N39C13G
    
    ** PacWest Bancorp's  PACW.O  shares jumped nearly 30% in
premarket trading, as investors cheered Banc of California's
 BANC.N  $1.1 billion deal for the lender that has been under
pressure since the banking crisis earlier this year  urn:newsml:reuters.com:*:nL4N39C28Q

    ** Private equity firms Haveli Investments and General
Atlantic have agreed to acquire business software vendor
Certinia from Advent International for nearly $1 billion
including debt, according to people familiar with the
matter urn:newsml:reuters.com:*:nL4N39C04E

    ** Australia's Pacific Current Group  PAC.AX  received a
non-binding buyout proposal from Regal Partners Ltd  RPL.AX ,
which values the asset manager at A$573.5 million ($388.1
million), the companies said  urn:newsml:reuters.com:*:nL4N39C1VF
    
    ** Spanish utility Iberdrola  IBE.MC  has sold a 49% stake
in its 476 megawatt (MW) offshore wind farm in German waters in
the Baltic Sea to Abu Dhabi's Masdar for about 375 million euros
($414.5 million), it said  urn:newsml:reuters.com:*:nL8N39C2KQ
    
    ** Qatar Investment Authority (QIA), Qatar's sovereign
wealth fund, is in talks to buy a stake in Indian billionaire
Mukesh Ambani's Reliance Retail Ventures, the Financial Times
reported, citing three people with knowledge of the
discussions urn:newsml:reuters.com:*:nL4N39C0XX

 (Compiled by Rajarshi Roy and Aishwarya Jain in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;
Aishwarya.Jain@thomsonreuters.com))