Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions Adds: Mapfre, Nscale, Intercontinental Exchange, Council of Insurance Agents & Brokers, Hongkong Land Holdings Updates:
July 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:
** Mapfre has agreed to acquire a 38.9% stake in insurtech Tuio, the companies said , in a deal aimed at expanding the digital insurer’s business in Latin America and Europe.
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** Cloud infrastructure provider Nscale will buy AI software startup Anyscale to help clients better manage and run AI systems efficiently, the companies said .
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** Intercontinental Exchange <ICE.N> said it will acquire bond trading platform MarketAxess Holdings <MKTX.O> in a deal valued at $5.7 billion to expand fixed-income offerings.
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** The Council of Insurance Agents & Brokers has agreed to acquire the Broker Smackdown and Insurance Challenge training programs from PriSim Business War Games, taking ownership of a simulation suite that has run more than 4,400 broker and carrier participants through simulated insurance markets.
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** Hongkong Land Holdings <HKLD.SI> said its Singapore Central Private Real Estate Fund would buy the Wheelock Place development on Singapore's Orchard Road from Wharf Real Estate Investment <1997.HK> for S$1.1 billion ($852.71 million).
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** Amiga Specialty has entered into an exclusive agreement to acquire Volante International’s professional indemnity renewal portfolio, the MGA said on Wednesday.
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** Dutch engineering consultancy group Arcadis <ARDS.AS> has rejected an improved €5.2 billion ($5.7 billion) takeover bid from Canada's WSP Global <WSP.TO>, it said , adding that the latest offer still undervalues the company.
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** Japanese camera lens maker Tamron <7740.T> said it has received an acquisition proposal from Sony Group <6758.T> and that it has established a committee to review its options.
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** HashKey Holdings <3887.HK> has signed a preliminary agreement to acquire Singapore's Asia Pacific Exchange, aiming to expand its regulated financial services business in the city-state, it said in a stock exchange filing on Wednesday.
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** Australian property group Dexus <DXS.AX> said it had agreed to sell the 480 Queen Street office tower in Brisbane for A$700 million ($487.20 million), in a deal aimed at cutting debt and freeing up capital for other investments.
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(Compiled by Rajarshi Roy and Pragyan Kalita in Bengaluru)