Deals of the day-Mergers and acquisitions

SUMITOMO CHEMICAL

07/08/2024 10:34

Aug 7 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Wednesday:

    ** U.S. private equity firm KKR&Co  KKR.N  plans to help
Japan's Fuji Soft  9749.T  go private under a management buyout
worth about $4.09 billion, the Nikkei website said.
     urn:newsml:reuters.com:*:nL1N3JU0HM
    
    ** British ad group WPP  WPP.L  is selling its controlling
stake in financial PR agency FGS Global to minority shareholder
KKR for $775 million in cash, which it will use to reduce debt.
     urn:newsml:reuters.com:*:nL8N3JU1AS
    
    ** Sweden's EQT  EQTAB.ST  said it will acquire a majority
stake in Swiss cybersecurity and data protection company
Acronis.
     urn:newsml:reuters.com:*:nL1N3JU0FD
    
    ** Saudi Aramco  2223.SE  will buy from Japan's Sumitomo
Chemical  4005.T  a 22.5% stake in their petrochemical joint
venture Petro Rabigh for $702 million, the companies said,
outlining a turnaround strategy for the loss-making firm.
     urn:newsml:reuters.com:*:nL1N3JU0DO
    
    ** Thoma Bravo is exploring options including a potential
sale of Cority that it hopes will value the sustainability
compliance software maker at about $2 billion, including debt,
according to people familiar with the matter.
     urn:newsml:reuters.com:*:nL1N3JS1AW

    ** Italy won't use special powers designed to shield assets
deemed of strategic value for the country in relation to
Vitol-backed VTTI's acquisition of Adriatic LNG, Italy's biggest
liquefied gas terminal, two sources with knowledge of the matter
said.
     urn:newsml:reuters.com:*:nL8N3JT3L7
    
    ** Canadian public pension fund OMERS and DWS Group
 DWSG.DE  reached a deal to acquire Grandi Stazioni Retail, the
two investors said on Tuesday.
     urn:newsml:reuters.com:*:nL8N3JT25N

 (Compiled by Rajarshi Roy and Priyanka.G in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))