Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions Adds: BNP Paribas, Boliden, SoftBank, Nvidia & Victory Capital
August 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:
** France's BNP Paribas BNPP.PA and South Korea's KB Kookmin Bank are in separate talks to acquire at least a 15% stake in Vietnam's Techcombank TCB.HM as strategic investors, two sources said, athough BNP subsequently said it has no plans to acquire an equity stake in the lender.
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** Swedish miner Boliden BOL.ST said it had agreed to acquire all of Brazilian group Votorantim's shares in zinc and silver producer Nexa Resources NEXA.N, giving it a 64.68% stake, and will bid for the rest of the company.
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** SoftBank 9984.T is in talks to buy a majority stake in OpenAI-backed humanoid robot developer 1X Technologies in a deal that would value the startup at about $6 billion, The Information reported on Wednesday, citing people with knowledge of the deal.
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** Nvidia NVDA.O has agreed to buy Hugging Face, a repository of open-source AI models, for $12.9 billion, The Information reported on Wednesday, citing a person with knowledge of the deal.
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** Victory Capital VCTR.O said on Wednesday it will acquire privately held First Eagle Investments from buyout firm Genstar Capital in a cash-and-stock deal valued at about $7 billion, as it moves closer to its target of managing $1 trillion in assets.
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(Compiled by Rajarshi Roy and Pragyan Kalita in Bengaluru)