Deals of the day-Mergers and acquisitions

Papa Johns International

11/06/2025 21:00

Adds Reckitt, Papa John's; Updates KKR-Stonepeak, General Mills, UniCredit

June 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Starbucks has received "a lot of interest" in the sale of a stake in its China business, its chief executive told the Financial Times in an interview published on Wednesday, as the U.S. coffee chain looks to revive sales in its second-largest market. nL4N3SE0IZ

** UK property investor Long Harbour has made a 631.6 million pound ($852 million) takeover proposal for Britain's PRS REIT PRSR.L at below the market price. nL4N3SE0P6

** China's state-owned planemaker COMAC has proposed taking a stake in Laos' government-owned Lao Airlines, which recently started operating one of COMAC's C909 regional jets, the state-run Vientiane Times reported .nL8N3SE0L4

** UniCredit CRDI.MI CEO Andrea Orcel said on Wednesday he currently saw little scope to advance his acquisition strategy, given that Commerzbank CBKG.DE had become too pricey and Italy was effectively blocking a takeover of Banco BPM BAMI.MI. nL8N3SE0J6

** Norway's sovereign wealth fund Norges Bank and Italian asset manager Banca Mediolanum BMED.MI on Wednesday joined a group of Mediobanca MDBI.MI shareholders supporting its bid for private bank Banca Generali. nL8N3SE0IV

** Danish hearing solutions provider Demant DEMANT.CO will buy Germany's Kind Group for 700 million euros ($799 million), it said on Wednesday, marking the company's largest acquisition to date and sending its shares up 5%. nL8N3SE0FL

** General Mills GIS.N is considering selling its Haagen-Dazs ice-cream stores in China, Bloomberg News reported on Wednesday, citing people familiar with the matter. nL4N3SE146

** British software firm Craneware  said it has rejected a takeover proposal from U.S. private equity firm Bain Capital, stating that the 26.50 pounds-per-share proposal undervalued the company.nL4N3SE0HN

** Private equity firms KKR  and Stonepeak Partners raised their offer for Britain's Assura to almost 1.7 billion pounds ($2.3 billion), topping a rival bid with their "best and final" offer for the healthcare real estate investor. nL6N3SE0B6

** UK's GlobalData  said it has ended talks with private equity firm ICG , which had been exploring an acquisition of the data analytics firm. nL6N3SE0BB

** Canada-based WSP Global  said it would acquire British environmental and engineering consulting firm Ricardo  for about 363.1 million pounds ($489.6 million), including debt. nL4N3SE0FO

** Embattled German trading group BayWa  has sold its grain and oilseed trading unit Cefetra to Dutch company PGFO for about 125 million euros ($143 million), as part of an effort to cut its debt burden, it said on Tuesday. nL4N3SD1B8

** Britain's Reckitt RKT.L is talking exclusively to private equity firm Advent International over a sale of the consumer goods group's Essential Home business, two sources with direct knowledge of the matter told Reuters. nL8N3SE0WJ

** Apollo Global Management APO.N and Irth Capital Management have approached Papa John's International PZZA.O for a deal that would take the U.S. pizza chain private, two people familiar with the matter said on Wednesday. nL1N3SE0R1

 (Compiled by Rajarshi Roy, Padmanabhan Ananthan and Siddhi Mahatole in Bengaluru)

 ((Padmanabhan.Ananthan@thomsonreuters.com))