Deals of the day-Mergers and acquisitions

VinaCapital Vietnam Opportunity Fund

14/12/2023 11:01

Dec 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on,
Thursday:

    ** Vietnamese investment management firm VinaCapital is
considering the sale of SkyX Solar in a deal that could value
the Ho Chi Minh City-headquartered solar rooftop power developer
at over $100 million, three sources with knowledge of the matter
said.
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    ** Norway's Telenor  TEL.OL  said  it had agreed to sell its
Pakistan unit to state group Pakistan Telecommunications
 PTCA.PSX  in a transaction valuing the unit at 5.3 billion
Norwegian crowns ($490 million).
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    ** ABN Amro said  it was buying online brokerage Bux for an
undisclosed sum to increase its market presence with younger
investors.
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    ** China's embattled Country Garden  2007.HK  said it will
sell a small stake in a Dalian Wanda unit back to the Dalian
Wanda Group, with the proceeds of about $428 million going
towards the restructuring of the property developer's offshore
debt.
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    ** New Zealand's Arvida Group  ARV.NZ  said that it had
rejected a NZ$1.24 billion ($773.02 million) takeover offer it
had received from an offshore infrastructure fund in September.
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    ** TMX Group  X.TO , the owner of the Toronto Stock
Exchange, said on Wednesday it had acquired an around 78% stake
in U.S. data analytics company VettaFi Holdings for $848 million
(C$1.14 billion).
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    ** The Australian competition regulator  approved Viva
Energy's  VEA.AX  acquisition of convenience store operator On
the Run (OTR Group) from Peregrine for A$1.15 billion ($765.90
million), sending the fuel supplier's shares over 5% higher.
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    ** Private equity firm Bain Capital sold a stake worth $448
million in Indian private lender Axis Bank  AXBK.NS  in a block
trade on Wednesday, according to a term sheet seen by Reuters.
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    ** Australia's competition watchdog said  it will not oppose
Woolworths'  WOW.AX  acquisition of a 55% stake in specialty pet
retailer Petstock Group.
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    ** Grupo Santander's asset management arm has reached an
agreement to buy BNP Paribas'  BNPP.PA  asset management
operation in Mexico, the Spanish bank said on Wednesday.
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    ** Carrier Global  CARR.N  said on Wednesday it has entered
into a definitive agreement to sell its global commercial
refrigeration business to its joint venture partner Haier
 600690.SS  for an enterprise value of $775 million.
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    ** Pembina Pipeline  PPL.TO  said on Wednesday it would buy
Enbridge's  ENB.TO  interests in the Alliance Pipeline, Aux
Sable and NRGreen joint ventures for C$3.1 billion ($2.30
billion).
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 (Compiled by Rajarshi Roy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))