Deals of the day-Mergers and acquisitions
14/06/2024 21:01
(Adds Equinor, Ferrovial, Sabadell, Prelios, Diagnosticos da
America; Updates Great Eastern)
June 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1945 GMT on Friday:
** Brazil's Diagnosticos da America (Dasa) DASA3.SA and
health insurance operator Amil have agreed to combine their
hospital businesses, setting up a joint venture with almost 10
billion reais ($1.86 billion) in net revenue, the firms said.
urn:newsml:reuters.com:*:nL1N3IC0DH
** Privately owned fintech group ION has received a green
light from Italy's central bank to buy bad loan and property
manager Prelios from U.S. hedge fund Davidson Kempner, two
sources with knowledge of the matter said. urn:newsml:reuters.com:*:nL8N3IC191
** Spain's Sabadell SABE.MC has postponed the completion
of the sale of its retailers' payments business to Nexi
NEXII.MI after becoming the target of a hostile takeover by
BBVA BBVA.MC , two sources with knowledge of the matter said.
urn:newsml:reuters.com:*:nL8N3IC158
** Infrastructure giant Ferrovial said it had reached a new
agreement with French private equity fund Ardian and Saudi
Arabia's Public Investment Fund (PIF) to sell the bulk of its
25% stake in Heathrow airport while keeping 5.25%. urn:newsml:reuters.com:*:nL8N3IC13M
** The independent directors of Singapore's Great Eastern
GELA.SI have been advised to recommend that minority
shareholders accept a S$1.4 billion ($1.03 billion) offer from
the insurer's top investor Oversea-Chinese Banking Corp (OCBC)
OCBC.SI . urn:newsml:reuters.com:*:nL4N3IC12M
** Norwegian energy giant Equinor EQNR.OL has suspended
efforts to sell a stake in the giant Rosebank oil development in
the UK North Sea due to fiscal uncertainty ahead of next month's
election in Britain, sources close to the matter said.
urn:newsml:reuters.com:*:nL1N3IC0IF
** U.S. oil refiner Phillips 66 PSX.N said it would sell
its 25% stake in the Rockies Express Pipeline for about $1.28
billion, including debt, to a subsidiary of Tallgrass Energy.
urn:newsml:reuters.com:*:nL4N3IC11Y
** Thai retailer Central Group agreed to acquire the assets
it has not already secured in KaDeWe Group, a chain of landmark
department stores in Germany, part of tycoon Rene Benko's folded
property empire. urn:newsml:reuters.com:*:nL8N3IC0SJ
** Shares in Spain's Solaria SLRS.MC jumped by as much as
10% after a Bloomberg report saying that the solar developer
had received unsolicited takeover approaches. urn:newsml:reuters.com:*:nL8N3IC0LH
** Vodafone Group VOD.L is looking to sell its entire $2.3
billion stake in India's Indus Towers INUS.NS through stock
market block deals next week, two sources with direct knowledge
said, as part of the British firm's effort to repay debt.
urn:newsml:reuters.com:*:nL1N3IC0AE
** Global Yatirim Holding, the controlling shareholder of
Global Ports Holding GPH.L , the world's largest cruise port
operator, said that it would take the London-listed firm
private. urn:newsml:reuters.com:*:nL4N3IC0W4
** French oil and gas major TotalEnergies TTEF.PA will
sell its Brunei business to Malaysian independent exploration
and production firm Hibiscus Petroleum HIBI.KL for $259.4
million, both companies said. urn:newsml:reuters.com:*:nL4N3IC099
** Germany's antitrust regulator has cleared plans of Czech
billionaire Daniel Kretinsky's EP Corporate Group to acquire a
stake in Thyssenkrupp's TKAG.DE steel division, the agency
said. urn:newsml:reuters.com:*:nL8N3IC0C7
** Japan's Kirin Holdings 2503.T said it was offering
220.7 billion yen ($1.4 billion) to acquire the rest of skin
care brand Fancl Corp 4921.T as the beer maker continues to
pivot toward the health and wellness businesses. urn:newsml:reuters.com:*:nL4N3IB19W
** Britain's competition regulator launched a formal
investigation into homebuilder Barratt's BDEV.L 2.52 billion
pound ($3.21 billion) all-stock deal to buy smaller rival Redrow
RDW.L to examine whether it has the potential to hurt
competition. urn:newsml:reuters.com:*:nL3N3GE2EI
(Compiled by Rajarshi Roy and Sourasis Bose in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com;))