Deals of the day-Mergers and acquisitions

Sts Holding SA

14/06/2023 11:03

June 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Wednesday:

    ** The Dutch competition regulator ACM said it had approved
insurer ASR's  ASRNL.AS  takeover of the Dutch operations of its
competitor Aegon  AEGN.AS  urn:newsml:reuters.com:*:nA5N37800K
    
    ** Zurich Insurance Group  ZURN.S  is in talks to buy up to
51% of India's Kotak General Insurance, two sources with direct
knowledge of the matter said, a deal that would mark its first
major bet on the fast-growing South Asian insurance
market urn:newsml:reuters.com:*:nL4N38434U
    
    ** Shares in Spanish pharmaceutical Grifols  GRLS.MC  soared
 morning after it disclosed a plan to reduce its stake in
Shanghai RAAS  002252.SZ  in a deal that would bring in $1.5
billion  urn:newsml:reuters.com:*:nL8N3861KZ
    
    ** French business leaders Xavier Niel, Matthieu Pigasse and
Moez-Alexandre Zouari have expressed an interest in bidding up
to 1.1 billion euros ($1.2 billion) for Casino, potentially
offering an alternative lifeline for the indebted French
supermarket group urn:newsml:reuters.com:*:nL1N3860EA
    
    ** Entain  ENT.L  shares fell to the bottom of the London
blue-chip index  .FTSE   after the betting company announced
deal to buy Poland-based sports betting operator STS holdings
 STH1.WA  urn:newsml:reuters.com:*:nL8N3861CM
    
    ** TotalEnergies  TTEF.PA  will buy a 17.5% stake in U.S.
liquefied natural gas developer NextDecade  NEXT.O  for $219
million, the French group said, as part of a broader deal to
enable the Texas company's Rio Grande LNG export project to
proceed urn:newsml:reuters.com:*:nL1N3860EN
    
    ** Belgian water management group Aliaxis  BE0941243520.BR 
said it had withdrawn its offer for Finland's Uponor
 UPONOR.HE , leaving Switzerland's Georg Fischer GF.S (GF) as
the sole bidder urn:newsml:reuters.com:*:nL8N38614R
    
    ** A U.S. judge late on Tuesday granted the Federal Trade
Commission's (FTC) request to temporarily block Microsoft Corp's
 MSFT.O  acquisition of video game maker Activision Blizzard
 ATVI.O  and set a hearing next week urn:newsml:reuters.com:*:nL1N38600Q
    
    ** The asset management arm of Australian bank Macquarie
Group Limited  MQG.AX  has bought a majority stake in waste
management firm Coastal Waste & Recycling, the bank said on
Tuesday urn:newsml:reuters.com:*:nL1N3852UU
    
    ** Argentina's competition bureau has not yet received
formal notification of the merger between U.S. grains merchant
Bunge  BG.N  and Glencore-backed  GLEN.L  Viterra to create a
$34 billion agricultural trading giant, a government source
said urn:newsml:reuters.com:*:nL1N3852LS

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