Deals of the day-Mergers and acquisitions

VinaCapital Vietnam Opportunity Fund

05/06/2023 11:23

June 5 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1130 GMT on Monday:

    ** Vietnamese investment management firm VinaCapital is
exploring the sale of its minority stake in Thu Cuc Medical
System TCI in a deal that could value the Hanoi private hospital
operator at between $150 million and $200 million, said two
sources with direct knowledge of the matter.  urn:newsml:reuters.com:*:nL4N37X190
    
    ** British paper and packaging firm Mondi Plc  MNDI.L  said
it would terminate a 95 billion rouble ($1.17 billion) deal with
an investment vehicle owned by Russian billionaire Viktor
Kharitonin for its largest plant in Russia, as there was a "lack
of progress" in getting necessary approvals.  urn:newsml:reuters.com:*:nL4N37X1F3
    
    ** UBS  UBSG.S  expects to complete its takeover of Credit
Suisse  CSGN.S  "as early as June 12", which will create a giant
Swiss bank with a balance sheet of $1.6 trillion following a
government-backed rescue earlier this year.  urn:newsml:reuters.com:*:nL8N37X0DV
    
    ** Axa Investment Managers  AXAF.PA  said  that it had
bought for an undisclosed amount a land plot near Paris from
Nexity  NEXI.PA  that includes one of France’s largest film
studios.  urn:newsml:reuters.com:*:nP6N35V01P
    
    ** Danish drug developer Novo Nordisk  NOVOb.CO  said  it
had started talks to buy a controlling stake in French medical
device designer Biocorp  ALCOR.PA .  urn:newsml:reuters.com:*:nL8N37X0KW
    
    ** Goldman Sachs Asset Management (GSAM) has offered 6.6
billion Norwegian crowns ($598.8 million) in cash to buy
Norwegian aquaculture service group Froy  FROY.OL , the two
companies said in a statement.  urn:newsml:reuters.com:*:nL1N37X0AN

 (Compiled by Rajarshi Roy and Pratyush Thakur in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))