Deals of the day-Mergers and acquisitions
31/01/2025 23:08
(Adds OMV, Brava Energia, Indra, Howden Group)
Jan 31 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2110 GMT on Friday:
** Austria's OMV OMVV.VI and Abu Dhabi National Oil
Company (ADNOC) said on Friday they are considering a joint
venture to acquire Canada's Nova Chemicals if its owner, the Abu
Dhabi sovereign wealth fund Mubadala, agrees. urn:newsml:reuters.com:*:nL3N3OR1HL
** Brazilian oil and gas company Fluxus, owned by
conglomerate J&F, has decided not to move forward with a bid to
buy onshore assets owned by Brava Energia BRAV3.SA , it said in
a statement on Friday. urn:newsml:reuters.com:*:nL2N3OR0VC
** Spain's defence company Indra IDR.MC agreed to buy
89.7% of satellite operator Hispasat from Redeia REDE.MC for
725 million euros ($752.26 million), the company said on Friday
in a filing to the stock market regulator. urn:newsml:reuters.com:*:nL5N3OR2B5
** Howden Group is in discussions with Risk Strategies
parent Accession Risk Management over a potential deal that
would see the David Howden-led UK broking group make its
long-expected entry into US retail broking, The Insurer
understands. urn:newsml:reuters.com:*:nL6N3OR0EB
** Polish media group Cyfrowy Polsat CPS.WA has sold
its 9.99% stake in software firm Asseco Poland ACPP.WA to
Yukon Niebieski Kapital for more than 705 million zlotys ($173
million), Polsat said. urn:newsml:reuters.com:*:nL5N3OR12J
** Italy's Give Back Beauty, which makes perfumes for luxury
brands such as Chopard and ZEGNA, said it had agreed to buy
domestic rival AB Parfums to grow its distribution operations
and add licensing deals. urn:newsml:reuters.com:*:nL5N3OQ22R
** Nippon Steel 5401.T will launch a $456 million tender
offer to make Sanyo Special Steel 5481.T a wholly owned unit,
Japan's biggest steelmaker said. urn:newsml:reuters.com:*:nL3N3OR0FR
** Allstate has agreed to a deal to sell its group health
business to Nationwide for $1.25 billion in cash adjusted for
the closing balance sheet. urn:newsml:reuters.com:*:nL6N3OQ0PT
** California-based Inszone Insurance Services has acquired
Texas Classic Insurance Agency, which serves clients across the
Dallas and Fort Worth area from its locations in Granbury and
Liberty Hill. urn:newsml:reuters.com:*:nL6N3OQ0KY
** World Insurance Associates has announced that it acquired
Scottsdale, Arizona-based Stern Insurance Group (SIG) on Dec. 1,
2024. urn:newsml:reuters.com:*:nL6N3OQ0L6
(Compiled by Rajarshi Roy and Kritika Lamba in Bengaluru)
((Kritika.Lamba@thomsonreuters.com))