Deals of the day-Mergers and acquisitions

VMware

05/05/2023 12:51

May 5 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1130 GMT on Friday:
    
    **  Influential labour representatives are open to private
equity players taking a stake in Thyssenkrupp's  TKAG.DE 
warship division Marine Systems (TKMS) and will set up a
committee in the coming days to join the negotiation process.

    ** U.S. chipmaker Broadcom's  AVGO.O  Chief Executive Hock
Tan will try to convince EU antitrust enforcers that his
proposed $61 billion bid for cloud computing firm VMware
 VMW.N , which has triggered scrutiny on both sides of the
Atlantic, is pro-competitive.
    
    ** Mubadala Investment Company, Abu Dhabi's second biggest
sovereign wealth fund, has sold its 7.6% stake in Abu Dhabi
Islamic Bank  ADIB.AD  to a unit of investment firm National
Holding, they said in a joint statement.
    
    ** Spain's Santander  SAN.MC  has agreed to sell a portfolio
of distressed loans with a gross value of 1.1 billion euros
($1.21 billion) to U.S. private equity fund Cerberus and real
estate loan manager Axactor, Expansion reported.
    
    ** Spain's Applus  APPS.MC  confirmed it received
non-binding offers from investors to acquire the company after
Reuters reported buyout funds Apollo and Apax, among other
potential bidders, were interested in a takeover.
     
    ** Ithaca Energy Plc  ITH.L  said it signed an agreement
with Shell UK  SHEL.L  to market the oil major's 30% stake in
the Cambo oil prospect in the British North Sea.
    
    ** An investor group holding over 8% of GAM  GAMH.S  is
thinking of rejecting the recent takeover offer made by
Liontrust, it said in a press release.
       
    ** Ant Group Co Ltd  688688.SS  is considering selling its
stake in its virtual banking unit in Hong Kong, Bloomberg News
reported, citing people familiar with the matter.
   
    ** Australia's competition regulator said it has declined to
reauthorise an agreement between Virgin Australia and Alliance
Aviation Services  AQZ.AX  to jointly provide fly-in and fly-out
(FIFO) services to their corporate clients.
        
    ** Telecom Italia (TIM)  TLIT.MI  said on Thursday it was
unhappy with sweetened bids submitted by suitors for its fixed
network, and set a final deadline of June 9 to receive an
improved offer from at least one of the bidders.
        
    ** Bankrupt crypto exchange FTX received U.S. bankruptcy
court permission on Thursday to sell its LedgerX business for
$50 million, raising additional funds to repay creditors.
           
    ** Russia's second-largest oil producer Lukoil  LKOH.MM 
said on Thursday its subsidiary LITASCO had completed the sale
of the ISAB oil refinery in Sicily to Cypriot private equity
firm G.O.I. Energy following approval by Italian authorities.
        
    ** Italy's OTB said on Thursday it acquired a majority stake
in leather goods manufacturer Frassineti, long-term supplier of
the Jil Sander brand that the fashion group owns.
   

 (Compiled by Rajarshi Roy and Jaiveer Singh Shekhawat in
Bengaluru; Editing by Janane Venkatraman)
 ((Jaiveersingh.shekhawat@thomsonreuters.com;))