Deals of the day-Mergers and acquisitions

Panasonic Holdings

17/11/2023 10:46

Nov 17 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Friday:

    ** Japan's Panasonic Holdings  6752.T  said it plans to sell
a stake in its automotive systems business to funds managed by
U.S. private equity firm Apollo Global Management and has signed
a memorandum of understanding with an Apollo affiliate.
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    ** Norway's competition watchdog warned it may block
Norwegian Air's  NAS.OL  bid for domestic rival Wideroe as it
could lead to fewer and more expensive flights.
     urn:newsml:reuters.com:*:nL8N3CI1RX
    
    ** Italy's defence and aerospace conglomerate Leonardo
 LDOF.MI  said it had sold 6.9% of its U.S. subsidiary DRS
 DRS.O  at $17.75 per share.
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    ** Greece's bank bailout fund HFSF has sold a 22% stake in
National Bank, it said.
     urn:newsml:reuters.com:*:nA8N39B01H
        
    ** Origin Energy shareholder VanEck Australia will support
the $10.5 billion bid from Canada's Brookfield and EIG,
according to a senior executive, one of only a handful of funds
to reveal their hand ahead of the shareholder vote next
Thursday.
     urn:newsml:reuters.com:*:nL4N3CI024
    
    ** Egypt has sold a stake in tobacco products maker Eastern
Co  EAST.CA  in its first foreign sale of a major state asset
since it agreed to a privatisation programme with the IMF last
December.
     urn:newsml:reuters.com:*:nL1N3CH3GF

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