Deals of the day-Mergers and acquisitions

Sas AB

05/10/2023 14:41

(Adds SP Plus, Air France-KLM; updates Temasek Holdings)
       Oct 5 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on
Thursday:

    ** U.S.-based transportation and logistics technology firm
SP Plus will be acquired by parking technology provider
Metropolis Technologies in an all-cash deal worth about $1.5
billion, the companies said.  urn:newsml:reuters.com:*:nL4N3BB2G5
    
    ** Air France-KLM  AIRF.PA  maintains a strong interest in
Portugal's national carrier TAP and the purchase of a stake in
Scandinavia's SAS  SAS.ST  does not affect its ability to take
part in TAP's privatisation, a spokesperson said.  urn:newsml:reuters.com:*:nS8N32W0FQ
    
    ** India's Tata Group is in advanced talks with Temasek
Holdings  TEM.UL  to buy back about 20% stake in its
entertainment content distribution platform, Tata Play, at a
valuation of more than $1 billion, Bloomberg News reported,
citing people familiar with the matter.  urn:newsml:reuters.com:*:nL4N3BB1KG

    ** Japanese pharmaceutical firm Kyowa Kirin  4151.T  said 
it would acquire Britain-based biopharmaceutical company Orchard
Therapeutics for $477.6 million, aiming to promote the
development of new drugs.  urn:newsml:reuters.com:*:nL4N3BB1G6
    
    ** French payments company Worldline  WLN.PA  has agreed to
buy Banca del Fucino's merchant acquiring activities and to
strike a long-term partnership with the Italian lender, the two
firms said in a joint statement.  urn:newsml:reuters.com:*:nL8N3BB1CT
    
    ** Pakistani ecommerce logistics startup Rider, backed by
YCombinator, is looking into acquiring BlueEx  UNIV.PSX  the
only listed Express Courier Logistics Company in Pakistan, it
told Reuters.  urn:newsml:reuters.com:*:nL4N3BA35H
    
    ** Malaysia's military pension fund Lembaga Tabung Angkatan
Tentera (LTAT) has offered to buy the shares in palm oil firm
Boustead Plantations  BOPL.KL  it does not already own for about
1.1 billion ringgit ($233.10 million) after a rival deal fell
through.  urn:newsml:reuters.com:*:nL4N3BA2DK
    
    ** Suncor Energy  SU.TO  on Wednesday said it would acquire
French energy firm TotalEnergies'  TTEF.PA  Canadian operations
for C$1.47 billion ($1.07 billion) to bolster its bitumen
production capacity.  urn:newsml:reuters.com:*:nL4N3BA3LK

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