Deals of the day-Mergers and acquisitions

Saras SpA

26/04/2024 10:45

April 26 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Friday:

    ** Buyout firm L Catterton has agreed to buy a majority
stake in family-owned KIKO Milano in a deal which a source close
to the matter said valued the Italian accessible make-up maker
at around 1.4 billion euros ($1.5 billion) including debt.
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    ** Thyssenkrupp will sell a 20% stake in its steel business
to the energy holding controlled by Czech billionaire Daniel
Kretinsky, a major breakthrough for the German conglomerate
after years of unsuccessful attempts to divest the unit.
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    ** Hungary's OTP Bank  OTPB.BU , Central Europe's largest
independent lender, is preparing for its biggest acquisition so
far after it gave an indicative offer on Thursday to a bank
operating in the EU, the bank's CEO said.
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    ** Private equity firm Thoma Bravo agreed to buy Britain's
Darktrace  DARK.L  for about $5.32 billion in cash, saying it
would use its software expertise to drive growth at the Mike
Lynch-backed cybersecurity specialist.
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    ** Anglo American  AAL.L  rejected rival miner BHP Group's
 BHP.AX  31.1 billion pound ($39 billion) takeover proposal ,
saying the bid significantly undervalued the London-listed miner
and its future prospects.
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    ** Italy's government has given a conditional green light to
Vitol's plan to take over oil refiner Saras  SRS.MI , the global
commodity trader said in a statement.
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    ** Private equity firm GTCR has agreed to pay $2.7 billion
to buy AssetMark Financial  AMK.N , in a deal that would take
the wealth management platform private more than five years
after its initial public offering.
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    ** The U.S. Federal Communications Commission said on
Thursday it will approve the T-Mobile US  TMUS.O  deal to buy
Ka'ena Corp, the owner of budget service provider Mint Mobile,
for up to $1.35 billion.
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 (Compiled by Rajarshi Roy and Anuja Bharat Mistry in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))