Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:
** Norwegian telecom operator Telenor <TEL.OL> said it has agreed to acquire fibre operator Enivest for 2.5 billion Norwegian crowns ($263.55 million), expanding its broadband footprint in western Norway.
nL8N42I0G7
** Gallagher has bought a majority stake in ACE Re Gallagher Arabia Reinsurance Brokers, adding to its presence in Saudi Arabia as the kingdom seeks to attract more international firms and diversify its economy.
nL6N42I0H8
** Taiwan-listed BizLink Holding <3665.TW>, a cables and connectors maker, said it agreed to buy Singapore-based Interplex Datacom for an enterprise value of $850 million in cash, as it seeks to expand its data center connectivity and infrastructure business.
nL1N42I07K
** Australia's Sigma Healthcare <SIG.AX> said that it had engaged in preliminary discussions for a potential acquisition of the British pharmacy chain Boots.
nL4N42H1SS
** Australia's Steadfast Group <SDF.AX> said Amwins Group and Dragoneer Investment Group have offered to buy the insurance broker in a A$7.7 billion ($5.41 billion) deal, including debt, helping its shares log their best day ever.
nL4N42I0EN
** Norwegian defence and technology group Kongsberg <KOG.OL> said it had completed the acquisition of U.S.-based Zone 5 Technologies, a developer of low-cost, mass-producible missile systems linked to U.S. Air Force efforts to develop so-called affordable mass munitions.
nL1N42I057
(Compiled by Rajarshi Roy and Megavarshini G. Somasundaram in Bengaluru)
Recent news on Telenor ASA
See all newsBarclays warns AI and satellites form 'material overhang' for European telcos
Europe Research Roundup: Avolta, Spie, Ypsomed Holding
Brief: Tele2, Telenor Sign Framework Agreement With MCF
Berenberg sees European telecoms set for consolidation, calls AI, satellite fears 'overdone'
Advisory: Alert on Vulcan Infrastructure's exchange agreement wrongly tagged to Telenor ASA withdrawn