Deals of the day-Mergers and acquisitions

Ramsay Health Care

10/11/2023 15:02

(Adds: Sime Darby  Updates:)
       Nov 10 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Friday:

        ** Malaysian conglomerate Sime Darby  SIME.KL  said
Ramsay Sime Darby Health Care, its 50-50 joint venture with
Australia's Ramsay Health Care  RHC.AX , will be sold for 5.7
billion ringgit ($1.21 billion).  urn:newsml:reuters.com:*:nL4N3CB2I3
    
    ** Austrian lender Erste Group  ERST.VI  said that it was
repurchasing a 15% stake in its Hungarian subsidiary, currently
held by Hungarian state-owned Corvinus International
Investments.  urn:newsml:reuters.com:*:nL8N3CB2HB
    
    ** Swedish truckmaker Volvo  VOLVb.ST  said it had won an
auction for the battery business of troubled Proterra in the
United States with a $210 million bid.  urn:newsml:reuters.com:*:nL8N3CB25Z
    
    ** Japanese education company Benesse Holdings  9783.T  said
 it will go private in a 208 billion yen ($1.37 billion)
management buyout that will have Swedish investment fund EQT AB
 EQTAB.ST  as a partner.  urn:newsml:reuters.com:*:nL1N3CB0F2
    
    ** Mining company Vale will sell a 14% stake in its
Indonesian nickel miner Vale Indonesia  INCO.JK  to bring the
holding by overseas firms below the maximum limit, Indonesia's
mining minister said.  urn:newsml:reuters.com:*:nL1N3CB0CU
    
    ** Talks of a merger between India's Zee Entertainment
Enterprises  ZEE.NS  and Japan's Sony's  6758.T  Indian arm have
stalled after a clash on which company's top executive will run
the merged entity, the Mint business daily reported.
 urn:newsml:reuters.com:*:nL4N3CB0WS
    
    ** Japanese state-backed fund INCJ said it has sold all but
a token portion of its stake in semiconductor manufacturer
Renesas Electronics  6723.T , offloading 279 billion yen ($1.84
billion) worth of shares.  urn:newsml:reuters.com:*:nL1N3CB09T
    
    ** Australian proxy advisor Ownership Matters recommended
Origin Energy shareholders support a $10.5 billion bid by a
consortium led by Canada's Brookfield, the third adviser to
swing behind the deal this week.  urn:newsml:reuters.com:*:nP8N3A207F
    
    ** Software services provider Bill Holdings  BILL.N  on
Thursday denied a media report that said it was pursuing an
acquisition of Melio Payments.  urn:newsml:reuters.com:*:nL4N3C95KT

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