Deals of the day-Mergers and acquisitions

RB Global

16/02/2023 16:04

(Adds Sinochem Holdings Corp, TravelCenters of America Inc, Eminence Capital,
Freedom Holding Corp, Galeries Lafayette, Truist Financial Corp, Anima Holding;
updates IKEA, Atos)
       Feb 16 (Reuters) - The following bids, mergers, acquisitions and
disposals were reported by 1600 GMT on Thursday:
    ** China will scrutinize Ford Motor Co's  F.N  latest deal with battery
giant CATL  300750.SZ  to ensure the Chinese company's core technology is not
shared with the U.S. automaker, Bloomberg News reported on Thursday.
 urn:newsml:reuters.com:*:nL4N34W3GX
        ** An Italian private equity fund has bought 7.2% of Anima Holding
 ANIM.MI , the bank that handled the deal said on Wednesday, investing in an
asset manager likely to be involved in future domestic banking consolidation.
 urn:newsml:reuters.com:*:nL8N34V1RM
  
        ** Airbus  AIR.PA , the world's largest planemaker, is seeking to become
the No. 1 investor in Atos' soon-to-be spun-off division Evidian, France's
beleaguered IT consulting firm said amid scrutiny on an asset deemed strategic
by the government.  urn:newsml:reuters.com:*:nL1N34W0CR
  
        ** China's Sinochem Holdings Corp, the biggest investor in Pirelli & C
SpA  PIRC.MI , denied a report that it planned to sell its 37% stake in the
Italian tyremaker.  urn:newsml:reuters.com:*:nL8N34W5DZ
  
        ** TravelCenters of America Inc  TA.O  said it would be acquired by BP
Plc  BP.L  for about $1.3 billion in cash, as the British energy giant looks to
expand its travel convenience and fuel supply footprint in the United States.
 urn:newsml:reuters.com:*:nL4N34W340
  
        ** Eminence Capital, a shareholder in Ritchie Bros Auctioneers Inc
 RBA.TO , has come out against the company's planned acquisition of U.S. auto
retailer IAA Inc  IAA.N , opposing a deal that has received support from
activists Starboard Value LP and Ancora Group Holdings.  urn:newsml:reuters.com:*:nL1N34V1UE
  
        ** U.S.-listed Freedom Holding Corp  FRHC.O , a Kazakhstan-based
financial services firm focused on East Europe and Central Asia, said it was
acquiring U.S. investment bank Maxim Group to expand its geographic reach.
 urn:newsml:reuters.com:*:nS8N344036
  
        ** High-end French department store chain Galeries Lafayette said it was
in exclusive talks to sell the well-known BHV Marais lifestyle store in Paris to
Groupe SGM (Société des Grands Magasins), a family-run specialist urban retail
company.  urn:newsml:reuters.com:*:nL8N34W4IB
  
        ** Truist Financial Corp  TFC.N  is selling a minority stake in its
insurance brokerage unit to private equity firm Stone Point Capital in a deal
that values the unit at $14.75 billion, it said.  urn:newsml:reuters.com:*:nL4N34W2RT
  
        ** A Russian government commission has approved the sale of Swedish
furniture maker IKEA's factories in Russia to two local buyers, paving the way
for a deal to be struck, a government official was quoted as saying.
 urn:newsml:reuters.com:*:nL1N34W0CA
  
    ** German utility Uniper  UN01.DE  has agreed to sell its oil refinery in
the United Arab Emirates to a consortium of Montfort and the private office of
Sheikh Ahmed Dalmook Al Maktoum for an undisclosed sum, it said.
    ** UK housing provider Home REIT HOMEH.L has received an unsolicited
takeover approach from an investment firm, it said , months after being rocked
by a short-seller report.
    ** U.S. private equity firm TPG is in advanced talks to buy Malaysian
private education assets owned by regional buyout firm KV Asia Capital in a deal
that could be worth more than $300 million, three sources with knowledge of the
matter told Reuters.
    ** Spanish grid operator Enagas  ENAG.MC  has canceled the acquisition of a
20% stake in the BBL gas pipeline from German power utility Uniper  UN01.DE , it
told market regulator CNMV.
    ** Switzerland's Holcim  HOLN.S  is to acquire thermoplastic roofs
manufacturer FDT Flachdach Technologie GmbH, the world's biggest cement maker
said.
 (Compiled by Rajarshi Roy and Anirban Chakroborti in Bengaluru)
 ((Anirban.Chakroborti@thomsonreuters.com;))