Deals of the day-Mergers and acquisitions

Swire Properties

05/09/2023 12:45

Sept 5 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1130 GMT on Tuesday:

    ** Soap maker PZ Cussons  PZC.L  said it has offered to buy
out minority shareholders of PZ Cussons Nigeria (PZCN) and aims
to de-list the business from the Nigerian stock exchange amid
"foreign exchange challenges" in the country.  urn:newsml:reuters.com:*:nL4N3AH1D4
    
    ** Caledonia Investments  CLDN.L  said it would sell its
majority stake in wealth manager Seven Investment Management
(7IM) to Canada's Ontario Teachers' Pension Plan Board for about
255 million pounds ($321.5 million).  urn:newsml:reuters.com:*:nL4N3AH1DI
  
    ** Australian packaging company Orora Ltd  ORA.AX  said it
would buy French high-end glass bottle manufacturer Saverglass
from private equity firm Carlyle Group  CG.O  for A$2.16 billion
($1.4 billion). urn:newsml:reuters.com:*:nL1N3AH002
    
    ** European private equity firm CVC Capital is on the verge
of buying a majority stake in Dutch infrastructure firm DIF
Capital Partners in a deal worth around 1 billion euros ($1.08
billion) in a cash and stock deal, the Financial Times
reported urn:newsml:reuters.com:*:nL1N3AG1MM
    
    ** Brazilian furniture retailers Mobly  MBLY3.SA  and
Carlyle-owned Tok&Stok agreed on terms for a merger, a report by
local newspaper Valor Economico said on Monday.  urn:newsml:reuters.com:*:nL1N3AG1M5
    
    ** Hong Kong's Swire Properties group  1972.HK  has
submitted bids worth a combined 9.71 billion yuan ($1.34
billion) to take stakes in two Chinese companies that have land
plot assets in Shanghai's Pudong district  urn:newsml:reuters.com:*:nL4N3AG2AX
    
    ** Italian energy group Eni  ENI.MI  signed on Monday an
agreement to sell its unit Nigerian Agip Oil Company (NAOC) to
Nigerian counterpart Oando  OANDO.LG , the group said in a
statement urn:newsml:reuters.com:*:nL8N3AG1YC
    
    ** European private equity firm, Permira, has agreed to buy
British biopharmaceutical services company Ergomed  ERGO.L  for
about 703.1 million pounds ($886.40 million), the two firms said
on Monday, in the latest UK healthcare deal this
year urn:newsml:reuters.com:*:nL4N3AG161
    
    ** Shares of Australia's Liontown Resources  LTR.AX  shot up
11.5% after the lithium developer's board backed on Monday a
refreshed A$6.6-billion ($4.3-billion) bid from Albemarle Corp
 ALB.N , the world's biggest producer of the battery
material urn:newsml:reuters.com:*:nL1N3AG073
    
    ** UAE's Global Investment Holding Co has agreed to buy a
30% stake in Eastern Co.  EAST.CA , Egypt's main tobacco
products maker, for $625 million, a measure that will widen
private participation in the economy, Egypt's cabinet said on
Sunday urn:newsml:reuters.com:*:nL8N3AF0EG
    
    ** Saudi Basic Industries Corp  2010.SE  said on Sunday it
had agreed to sell subsidiary Saudi Iron and Steel Company
(Hadeed) to the Public Investment Fund (PIF) for an enterprise
value of 12.5 billion riyals ($3.33 billion) urn:newsml:reuters.com:*:nL1N3AF02U

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