Deals of the day-Mergers and acquisitions

Sogefi SpA

23/02/2024 20:40

(Adds ExxonMobil Corp, Sogefi and Zurich Insurance Group)
       Feb 23 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2030 GMT on Friday:
    
    ** U.S. energy giant ExxonMobil Corp  XOM.N  is weighing
offers for its oil and gas assets in Argentina's Vaca Muerta
shale region, a source familiar with the plan said, adding there
was no time frame for a decision and the sale may not move
forward.  urn:newsml:reuters.com:*:nE6N39U00H
        
  
        ** Italy's Sogefi  SGFI.MI  said it has entered into an
agreement to sell its filtration business unit for an enterprise
value of 374 million euros ($404.93 million) to U.S. private
equity fund Pacific Avenue Capital Partners.  urn:newsml:reuters.com:*:nL3N3F83XE
  
        
  
        ** Zurich Insurance Group  ZURN.S  will buy a 70% stake
in Kotak Mahindra Bank's  KTKM.NS  general insurance arm by
paying 55.60 billion rupees (nearly $671 million) upfront
instead of staggering the purchase as planned last year, the
Indian lender said.  urn:newsml:reuters.com:*:nL3N3F83CY
  
        
  
        ** The founder of Italian luxury shoemaker Tod's
 TOD.MI  said he had no plans to sell the company after taking
it private via a deal with private equity firm L Catterton.
 urn:newsml:reuters.com:*:nL5N3F83D1
    
    ** Alibaba's  9988.HK  Taobao China Software will sell its
20% stake in Chinese retailer Suning.com to another Alibaba
affiliate, Hangzhou Haoyue Enterprise Management, for 2.8
billion yuan ($389 million), Suning.com said in a filing.   
 urn:newsml:reuters.com:*:nL2N3F80Z4
    
    ** China's Hozon Auto said it will explore partnerships with
dealers to sell Neta EVs to Mexico, the company said in a
statement.  urn:newsml:reuters.com:*:nP8N3D803K
    
    ** Italian energy group ENI  ENI.MI  is considering either a
Milan listing for its sustainable mobility unit Enilive or
selling a minority share to a specialised fund ahead of a
subsequent floating, daily Corriere della Sera reported.
     urn:newsml:reuters.com:*:nL5N3F81O3
        
    ** Merger talks between semiconductor manufacturers Western
Digital  WDC.O  and Kioxia are set to restart at the end of
April, Japan's Asahi Shimbun newspaper reported.  urn:newsml:reuters.com:*:nL3N3F81A9
        
    ** Woodside Energy  WDS.AX  is selling a 15.1% stake in its
Scarborough project to Japan's JERA for about $1.4 billion,
marking the Australian gas producer's second stake sale to a
Japanese liquefied natural gas (LNG) buyer in six months.
 urn:newsml:reuters.com:*:nL3N3F808P

 (Compiled by Rajarshi Roy, Annett Mary Manoj and Pritam Biswas
in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))