Deals of the day-Mergers and acquisitions

RB Global

10/03/2023 15:30

(Adds Silicon Valley Bank, Ritchie Bros, Binance, OMV)
       March 10 (Reuters) - The following bids, mergers, acquisitions and
disposals were reported by 2050 GMT on Friday:
    
    ** Czech group Agrofert is set to win unconditional EU antitrust approval
for its purchase of the nitrogen business of Austrian energy group OMV's
 OMVV.VI  unit Borealis, a person with direct knowledge of the matter said.
 urn:newsml:reuters.com:*:nL1N35I23Q
        
  
        ** The U.S. Department Justice has appealed a court order approving
Voyager Digital's bankruptcy plan, creating a new hurdle for the crypto lender's
plan to sell its assets and transfer its customers to Binance.US in a deal
valued at $1.3 billion.  urn:newsml:reuters.com:*:nL1N35I1O0
  
        
  
        ** A majority of Canada's Ritchie Bros  RBA.TO  shareholders have voted
in favor of the company buying U.S. auto retailer IAA  IAA.N  in a deal valued
at roughly $7 billion, people familiar with the preliminary tally said.
 urn:newsml:reuters.com:*:nL1N35I21C
  
        
  
        ** A California regulator shut Silicon Valley Bank  SIVB.O  and
appointed the Federal Deposit Insurance Corporation as receiver, according to
the agency's statement.  urn:newsml:reuters.com:*:nL4N35I3EZ
  

        ** Gautam Adani is seeking to sell a stake in Ambuja Cement  ABUJ.NS 
for about $450 million, the Financial Times reported on Friday, citing people
familiar with the matter.  urn:newsml:reuters.com:*:nL4N35I30D
    
    ** Startup-focused lender SVB Financial Group  SIVB.O  is looking to sell
itself after an attempt to raise capital through a stock sale failed, CNBC
reported.  urn:newsml:reuters.com:*:nL4N35I326

    ** Brazil's BR Properties SA  BRPR3.SA  said that Bermuda-based GP
Investments Ltd  GPIV33.SA  had launched a tender offer to buy control of the
company.  urn:newsml:reuters.com:*:nS0N35701N
    
    ** Spain's antitrust watchdog imposed a 6-million-euro ($6.35 million) fine
on Telefonica  TEF.MC  for commercial practices, such as permanence clauses on
smart phone leases, that violated the terms of a 2015 takeover accord for cable
TV operator DTS.  urn:newsml:reuters.com:*:nL8N35I1U8
    
    ** Sanctioned Russian businessmen Mikhail Fridman and Petr Aven are in
discussions over selling their stake in private Russian lender Alfa Bank to
longtime business partner and Alfa Bank co-founder Andrei Kosogov, the bank
said.  urn:newsml:reuters.com:*:nL8N35I27B
    
    ** Supermarket chain Casino  CASP.PA  said it was in exclusive talks to
combine its French retail business with smaller food retailer Teract  TRACT.PA 
as it seeks to reassure investors over its ability to generate cash and reduce
debt.  urn:newsml:reuters.com:*:nL8N35I0XC

    ** Norwegian oil services company BW Offshore  BWO.OL  said it had signed an
agreement to sell its floating production, storage and offloading (FPSO) vessel
BW Opportunity to an undisclosed third party for $125 million.  urn:newsml:reuters.com:*:nL8N35I1XK
    
    ** Semiconductor and electronics equipment maker ASMPT Ltd  0522.HK  is
attracting takeover interest from private-equity companies, Bloomberg News
reported, citing people with knowledge of the matter.  urn:newsml:reuters.com:*:nL4N35I1PB
    
    ** Portugal's EDP Renovaveis  EDPR.LS  is looking to sell wind farms in
Spain potentially worth 500 million euros ($530 million), Spanish newspaper
Expansion reported, citing unidentified market sources.  urn:newsml:reuters.com:*:nL1N35I0GS
    
    ** German auto supplier Schaeffler  SHA_p.DE  plans to sell its Russia
business to Austrian businessman Siegfried Wolf, a Schaeffler supervisory board
member, German magazine Der Spiegel reported.  urn:newsml:reuters.com:*:nS8N35206H
    
    ** Nano Dimension Ltd  2N5By.F  offered to buy the remaining stake in
Stratasys Ltd  SSYS.O  it does not already own for about $1.1 billion, as the
Israeli firm looks to scale up its 3D printing business with the acquisition of
the larger and older rival.  urn:newsml:reuters.com:*:nL4N35H3Z5

 (Compiled by Rajarshi Roy, Khushi Mandowara and Arshreet Singh in Bengaluru)
 ((Khushi.Mandowara@thomsonreuters.com))