Deals of the day-Mergers and acquisitions

Pacific Current

01/11/2023 09:46

Nov 1 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1000 GMT on
Wednesday:

    ** Australia's Pacific Current  PAC.AX  disclosed a A$567.3
million ($359.04 million) takeover bid from GQG Partners
 GQPIL.PK , but said the global fund manager flagged lack of
support from its largest shareholder.
     urn:newsml:reuters.com:*:nL4N3C21DE
    
    ** Singapore's sovereign wealth fund GIC has invested in a
35% stake in Hotel Investment Partners (HIP), an owner of resort
hotels in Southern Europe, according to a statement by HIP.
     urn:newsml:reuters.com:*:nL1N3C20E9
    
    ** Shell Pakistan  SHEL.PSX  said its parent company's unit,
Shell Petroleum Company, has signed a deal with Wafi Energy to
sell the domestic operations.
     urn:newsml:reuters.com:*:nL1N3C20C2

    ** Singapore Post  SPOS.SI  said its Australian unit entered
an agreement to acquire transport and distribution services
company Border Express for not more than A$210 million ($132.93
million) to expand its logistics network in Australia.
     urn:newsml:reuters.com:*:nL4N3C213I
    
    ** Singapore's Health Management International (HMI) said 
it is purchasing a majority stake in Harley Street Heart &
Vascular Centre, a move that will broaden the specialist
services it offers in Southeast Asia.
     urn:newsml:reuters.com:*:nL1N3C206H
    
    ** Shares of Australia's Regal Partners  RPL.AX  rose more
than 11%, after the investment manager said it would buy a 50%
stake in Taurus SM Holdings, bringing group funds under
management to A$8 billion ($5.07 billion) on a pro forma basis.
     urn:newsml:reuters.com:*:nL4N3C16LW
    
    ** Brazilian power company Eletrobras  ELET3.SA  approved
the hiring of financial institutions to structure a potential
offering to sell its preferred shares in electricity
transmission firm ISA Cteep  TRPL4.SA .
     urn:newsml:reuters.com:*:nL1N3C13N6

 (Compiled by Rajarshi Roy and Harshita Mary Varghese in
Bengaluru)
 ((Harshitamary.varghese@thomsonreuters.com))