Deals of the day-Mergers and acquisitions

Tritax EuroBox

10/10/2024 16:20

(Adds: Comau, Westinghouse, Catalent; Updates: Tritax EuroBox,
Unilever)
       Oct 10 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1510 GMT on
Thursday:
    
    ** Italy's cabinet said on Thursday Stellantis  STLAM.MI 
robotics business Comau will have to preserve production plants
and central functions in Italy as Rome approved under conditions
the sale of a majority stake in the company to One Equity
Partners.  urn:newsml:reuters.com:*:nL8N3LM11P
    
    ** Italy is looking at U.S. energy group Westinghouse or
France's EDF as potential international partners for a
state-backed company that will build advanced nuclear reactors
in the country, two sources familiar with the matter said on
Thursday.  urn:newsml:reuters.com:*:nL8N3LM14Z
    
    ** U.S. Senator Elizabeth Warren has asked antitrust
regulators to closely scrutinize a $16.5 billion deal in which
Novo Nordisk's  NOVOb.CO  controlling shareholder would acquire
contract drug manufacturer Catalent  CTLT.N , saying it may give
the pharmaceutical company an unlawful advantage in weight loss
and obesity drugs.  urn:newsml:reuters.com:*:nL1N3LL15J

    ** A deal between Brazilian airline Azul  AZUL.N  and its
lessors to swap more than $500 million in obligations for an
equity stake is good news for planemaker Embraer  EMBR3.SA ,
analysts say, as it reduces concerns about the debt load of a
key customer.  urn:newsml:reuters.com:*:nL1N3LL0N6

    ** GXO Logistics  GXO.N , a contract logistics provider with
a market value of roughly $6 billion, is exploring options,
including a potential sale, after receiving takeover interest,
according to a person familiar with the matter.  urn:newsml:reuters.com:*:nL1N3LM00A

    ** Shares of Shanghai-based Guotai Junan Securities
 601211.SS  and Haitong Securities  600837.SS  soared on
Thursday after Guotai Junan revealed details of its plan to
acquire its rival and create China's largest brokerage firm.
 urn:newsml:reuters.com:*:nL1N3LL0HO

    ** Unilever  ULVR.L  has sold its Russian business to Arnest
Group, it said on Thursday, becoming the latest multinational
company to exit Russia since its invasion of Ukraine, following
a "complex" sale process.  urn:newsml:reuters.com:*:nL4N3LM0MA

    ** Malaysia's third-biggest lender by assets, Public Bank
 PUBM.KL , said on Thursday that it will acquire a 44.15% stake
in general insurer LPI Capital  LOND.KL  for 1.72 billion
ringgit ($400.5 million) in cash.  urn:newsml:reuters.com:*:nL4N3LM0MZ

    ** Canada's Brookfield Asset Management  BAM.TO  will buy
European logistics real estate firm Tritax EuroBox  EBOX.L , the
companies said on Thursday, the latest sign of booming investor
interest in warehouses and distribution centres.  urn:newsml:reuters.com:*:nL4N3LM0GO

    ** Ivory Coast could sell a further stake in its Transcao
cocoa processor to Malaysian cocoa group Guan Chong Berhad
 GNCH.KL , the industry's regulator told Reuters, as it pushes
for more expertise and investment to grow the sector.
 urn:newsml:reuters.com:*:nL8N3LL1ZI

 (Compiled by Puyaan Singh in Bengaluru)
 ((Puyaan.Singh@thomsonreuters.com;))