Deals of the day-Mergers and acquisitions

Perpetual

08/05/2024 14:46

(Adds: GXO Logistics, John Wood Group, Raiffeisen Bank
International, Citigroup  Updates: BBVA, PSC Insurance)
       May 8 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on
Wednesday:

    ** Britain's competition regulator will investigate
U.S.-based warehousing firm GXO Logistics'  GXO.N  762 million
pound ($952.2 million) completed buyout of UK peer Wincanton
 WINAW.L , it said.
     urn:newsml:reuters.com:*:nL4N3HB3A2
    
    ** British oilfield services and engineering firm John Wood
Group  WG.L  rejected a potential 1.42 billion pound ($1.77
billion) buyout proposal from Dubai-based firm Sidara, saying it
"undervalued Wood and its future prospects".
     urn:newsml:reuters.com:*:nL4N3HB3DK
    
    ** Austria's Raiffeisen Bank International (RBI)  RBIV.VI 
has abandoned a bid to buy a 1.5 billion euro ($1.6 billion)
industrial stake linked to a Russian tycoon, following pressure
from Washington to scrap the deal.
     urn:newsml:reuters.com:*:nL8N3HB5PE    
        
  
    ** Citigroup  C.N  said on Tuesday it is buying a minority
stake in Cicada Technologies, a Connecticut-based trading
platform focused on Mexican government fixed-income securities.
     urn:newsml:reuters.com:*:nL1N3HA2WF
        
  
        ** Spanish lender BBVA  BBVA.MC  told Sabadell  SABE.MC 
it was not planning to improve the all-share takeover offer it
had made for its smaller rival, Sabadell said.
     urn:newsml:reuters.com:*:nL1N3HB0NF
        
  
    ** Australia's PSC Insurance  PSI.AX  will be acquired by
Ardonagh Group in a deal valuing the company at A$2.26 billion
($1.51 billion), PSC said, helping the UK-based insurance
distribution platform expand its footprint in the region.
     urn:newsml:reuters.com:*:nL4N3HB27X
    
    ** The European Commission is due to rule on June 12 on
whether to approve the European Energy Exchange's (EEX) planned
acquisition of Nasdaq's  NDAQ.O  European power trading and
clearing business, according to a regulatory filing.
     urn:newsml:reuters.com:*:nL8N3HB3E0
    
    ** Japan's SoftBank Group  9984.T  is in talks to buy
artificial intelligence (AI) chipmaker Graphcore, Bloomberg News
reported, citing people familiar with the matter.
     urn:newsml:reuters.com:*:nL4N3HB2BR
    
    ** Olam Agri  IPO-OLAA.SI  increased its offer for
Australia's Namoi Cotton  NAM.AX  as an international bidding
war heats up between the Singapore-based agribusiness and Dutch
company Louis Dreyfus Co (LDC).
     urn:newsml:reuters.com:*:nL4N3HA6B8
    
    ** Perpetual  PPT.AX  said that buyout giant KKR & Co
 KKR.N  would acquire its wealth management and corporate trust
businesses for A$2.18 billion ($1.43 billion), sending the
Australian financial services firm's shares to a five-month low.
     urn:newsml:reuters.com:*:nL4N3HB09K
    
    ** Niagara Energy has wrapped up a $1.36 billion share
purchase in Enel Generacion Peru, giving the firm majority
control over the local subsidiary of Italian utility Enel.
     urn:newsml:reuters.com:*:nL1N3HB05G
    
    ** South Korea's Samsung Medison said it is acquiring all of
France's Sonio SAS, a fetal ultrasound artificial intelligence
software company for about 126 billion won ($92.4 million).
     urn:newsml:reuters.com:*:nP8N3FQ00S
    
    **  Leo Lithium  LLL.AX  has signed an agreement with
China's Ganfeng Lithium  002460.SZ  to sell its remaining 40%
stake in a mine in Mali for $342.7 million, the Australian miner
said.
     urn:newsml:reuters.com:*:nL4N3HA6ES
    
    ** Oil and gas producers Santos  STO.AX  and Repsol  REP.MC 
are exploring a sale of a minority stake in oilfields in Alaska
they jointly own and develop in a deal that could be worth about
$1 billion, according to people familiar with the matter.
     urn:newsml:reuters.com:*:nL1N3HA4AL

    ** Brazilian pulp and paper company Suzano  SUZB3.SA  has
approached U.S.-based International Paper  IP.N  to express
interest in an all-cash acquisition that would be worth almost
$15 billion, according to people familiar with the matter.
     urn:newsml:reuters.com:*:nL1N3HA41N

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