Deals of the day-Mergers and acquisitions

Wiit SpA

24/05/2024 20:49

(Adds: BBVA, Julius Baer, Redcentric, Carlyle; Updates: Saudi
Aramco,)
       May 24 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1930 GMT on Friday:
    
    ** Spanish bank BBVA  BBVA.MC  asked stock market supervisor
CNMV to authorise its 12.23-billion-euro hostile takeover offer
for smaller rival Sabadell  SABE.MC , a potential tie-up of
lenders that Madrid opposes.  urn:newsml:reuters.com:*:nL8N3HR505
        
  
        ** Swiss private bank Julius Baer  BAER.S  held talks
with EFG International  EFGN.S  about a potential takeover in
recent months but the discussions have stopped, people with
knowledge of the matter told Reuters.  urn:newsml:reuters.com:*:nL8N3HR58V
  
        
  
        ** British IT services group Redcentric  RCN.L  is in
the early stages of talks over a sale of the company to
Milan-listed Wiit SpA  WIIT.MI , it said.  urn:newsml:reuters.com:*:nL1N3HR1I9
  
        
  
        ** Private equity firm Carlyle is planning to launch
after the summer a sale process for Forgital, an Italian
manufacturer of forged components mainly for the aerospace
sector, two sources close to the matter said.  urn:newsml:reuters.com:*:nL1N3HR1F6
  
        
  
    ** Germany's Deutsche Bahn  DBN.UL  has selected four
interested parties for the next stage of the bidding process for
its logistics subsidiary Schenker, a source familiar with the
matter told Reuters.  urn:newsml:reuters.com:*:nL8N3HR2LE
    
    ** Jio Financial Services (JFS)  JIOF.NS  is seeking
shareholder approval for its unit to acquire equipment worth 360
billion rupees ($4.33 billion) from the retail arm of Reliance
Industries  RELI.NS  as the financial services provider plans to
enter the device leasing business, a postal ballot notice said. 
 urn:newsml:reuters.com:*:nL4N3HR1T3
    
    ** U.S. investment firm KKR  KKR.N  is expected to get
unconditional EU antitrust approval to buy Telecom Italia's
(TIM)  TLIT.MI  fixed-line network after agreeing to keep
commercial agreements with TIM rivals, people with direct
knowledge of the matter said.  urn:newsml:reuters.com:*:nL1N3HR0HZ
    
    ** Spanish holding company Criteria said it had become the
second-biggest shareholder in ACS  ACS.MC  after buying a 9.4%
stake in the construction company for 983 million euros ($1.06
billion), as it expands its investments in leading companies in
Spain.  urn:newsml:reuters.com:*:nL8N3HR1KD
    
    ** Italy has approved a decree enabling state broadcaster
RAI to sell a stake in its tower unit RaiWay  RWAY.MI , as long
as the disposal is compatible with a tie-up of RaiWay with rival
EI Towers, a government source told Reuters.  urn:newsml:reuters.com:*:nL8N3HR1J8
    
    ** British oilfield services and engineering firm John Wood
Group  WG.L  said it has rejected a third buyout proposal from
Dubai-based company Sidara, as the unsolicited offer continued
to "significantly undervalue" the group.  urn:newsml:reuters.com:*:nL4N3HR16U
    
    ** State-controlled oil company Saudi Aramco  2223.SE  is
interested in buying a minority stake in the renewable unit of
Spanish oil company Repsol  REP.MC , two people familiar with
the matter told Reuters.  urn:newsml:reuters.com:*:nL1N3HR1H5
    
    ** Britain's Coventry Building Society will buy Co-operative
Bank for 780 million pounds ($989.9 million) in cash, the two
companies said in a joint statement.  urn:newsml:reuters.com:*:nL1N3HR0B3

 (Compiled by Rajarshi Roy, Jaiveer Shekhawat and Jaspreet Singh
in Bengaluru)
 ((jaiveersingh.shekhawat@thomsonreuters.com;))