Deals of the day-Mergers and acquisitions

Talgo SA

13/02/2025 11:04

Feb 13 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on
Thursday:
     
    ** AsiaPak Investments, a private investment firm with
operational assets in Pakistan and Hong Kong, and Middle Eastern
oil and gas company Motange Oil have submitted a bid to acquire
a 75.01% stake in Lotte Chemical Pakistan Ltd (LOTT.PSX),
according to a notice filed by Arif Habib Ltd (ARIF.PSX), the
manager to the offer, with the Pakistan Stock Exchange.
     urn:newsml:reuters.com:*:nFWN3P40NO
     
    ** Polish state-owned fund PFR has dropped its plan to bid
for Spanish train manufacturer Talgo  TLGO.MC  after the Spanish
government opposed the move, Expansion newspaper reported,
citing unnamed market sources.
     urn:newsml:reuters.com:*:nL1N3P40AC

    ** Privately owned U.S. oil and gas producer Validus Energy
has struck a deal to buy rival 89 Energy III for about $850
million, including debt, sources familiar with the matter told
Reuters.
     urn:newsml:reuters.com:*:nL8N3OZ000
     
    ** Buyout firm Warburg Pincus has clinched a deal to acquire
Vermont Information Processing, which makes software for
beverage distributors, for about $1 billion including debt,
according to people familiar with the matter.
     urn:newsml:reuters.com:*:nL6N3P210W

 (Compiled by Rajarshi Roy in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))