Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions Adds: Kroger, Markerstudy Group; Updates: CMA CGM
July 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:
** CMA CGM has agreed to acquire FedEx's <FDX.N> third-party logistics business for an enterprise value of $1.4 billion, the French shipping group said, as it expands its presence in the logistics sector and in the United States.
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** U.S. grocer Kroger <KR.N> said it would buy regional supermarket chain Giant Eagle in a $1.65 billion deal, strengthening its presence in the Midwest and the Mid-Atlantic region amid intensifying competition.
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** Markerstudy Group has sold its MGA business, Markerstudy Insurance Services Ltd (MISL), to Saturn Holdings, the parent company of Tradex Insurance Company, the company said.
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** Australia's Perpetual PPT.AX said it had rejected a non-binding takeover proposal from Swedish private equity firm EQT AB EQTAB.ST that values the financial services provider at A$2.45 billion ($1.69 billion).
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** ING Spain INGA.AS is close to finalising the purchase of a 40% stake in Singular Bank as part of its plans to enter the Spanish private banking sector, a person with knowledge of the matter said.
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** Australian grocer Coles Group COL.AX said it is in talks to buy pet care firm Greencross Pet Wellness from U.S. private equity firm TPG.
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** French biotech company Ipsen IPN.PA will buy Switzerland-based Memo Therapeutics to add potravitug, a Phase II clinical-stage antibody targeting BK polyomavirus, to its portfolio, the company said.
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** Getty Images GETY.N said on Tuesday it has called off its planned merger with Shutterstock SSTK.N due to the UK competition regulator's requirement to sell Shutterstock's editorial business as a condition for approval.
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** World Insurance Associates acquired Mount Holly, New Jersey-based Clarke Insurance effective March 1, the second acquisition announced this week by the expansive broker.
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** Schneider Electric SCHN.PA said on Tuesday it had signed an agreement to acquire Cognite Holding, a privately held provider of AI software and industrial data.
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** Libya's OLA Energy Holdings signed an agreement to acquire TotalEnergies' TTEF.PA assets in Ethiopia, the Tripoli-based Libyan government said.
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** Shell SHEL.L agreed to sell its interest in the Na Kika platform and associated fields in the Gulf of America, along with the Coulomb tieback, to subsidiaries of Talos Energy TALO.N and Ridgewood Energy ZCFHCX.O for $1.7 billion.
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** Private equity firm KKR KKR.N said it will buy the operations and assets of EDF's North American renewable energy unit in the U.S. and Canada for $4.2 billion.
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** Australia's South32 S32.AX has agreed to sell most of its aluminium assets to Alcoa AA.N for an implied enterprise value of up to $5.6 billion, as the diversified miner streamlines its business to focus on copper under a new CEO.
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(Compiled by Rajarshi Roy and Nandan Mandayam in Bengaluru)