Deals of the day-Mergers and acquisitions

Sovos Brands

14/02/2024 14:40

(Adds: UniSuper, Virgin Money UK)
       Feb 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on
Wednesday:
    
        ** Australian pension fund UniSuper bought an
undeveloped site in Melbourne to develop a logistics hub worth
more than A$1 billion ($647 million), signalling resilience in
this segment amid challenges faced by the commercial property
sector.
  
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        ** British bank Virgin Money UK  VMUK.L  said it would
buy asset manager Abrdn's  ABDN.L  50% stake in their joint
venture, Virgin Money Investments, for 20 million pounds ($25.07
million), taking full ownership of the venture.
  
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    ** Motorola Solutions  MSI.N  said it had bought British
long-range thermal camera specialist Silent Sentinel to bolster
its video security capabilities in locations like airports and
oil and gas facilities.
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    ** Portugal's EDP Renováveis  EDPR.LS  said it has agreed to
sell an 80% stake in a 297 megawatt (MW) wind farm in Alberta,
Canada, to fund CC&L Infrastructure for 600 million Canadian
dollars ($442.54 million).
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    ** The European Bank of Reconstruction and Development
(EBRD) said that it had bought 5% of Kazakhstan national carrier
Air Astana's shares under IPO.
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    ** Eversource Energy  ES.N  said it will sell its stake in
two energy projects in a $1.1 billion deal that helps the New
England-based power company exit the troubled offshore wind
business.
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    ** Walmart  WMT.N  is in talks to buy smart-television
manufacturer Vizio  VZIO.N  for more than $2 billion, the Wall
Street Journal reported, a move that could bolster its
advertising business and give it control of more than a fifth of
the U.S. television market.
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    ** Campbell Soup  CPB.N  said that it expects to close its
$2.33 billion acquisition of Rao's Homemade items owner Sovos
Brands  SOVO.O  within days of March 11 after receiving a
certification of compliance from the United States Federal Trade
Commission (FTC).
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 (Compiled by Rajarshi Roy and Harshita Mary Varghese in
Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))