Deals of the day-Mergers and acquisitions – 04/08/2024 at 10:12 p.m.


((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

(Adds Criteria, Fortescue, Bain Capital, Southey Capital, SRE Group, BP; updates Tradeweb Markets, Blackstone)

The following deals, mergers, acquisitions and divestitures were reported at 2000 GMT Monday:

** Spanish holding company Criteria, the main shareholder of Caixabank CABK.MC , announced that it had increased its stake in Spanish telecommunications company Telefonica TEF.MC to 5.007%, from 2.69% previously.

**Australian company Fortescue FMG.AX said it would form a joint venture with OCP Group to supply green hydrogen, ammonia and fertilizer to Morocco, Europe and international markets, as The iron ore miner is seeking to transform itself into a green energy superpower with a global footprint.

** Bain Capital plans to sell $429 million stake in Indian private bank Axis Bank

AXBK.NS on Tuesday, according to a term sheet seen by Reuters.

** Southey Capital, a capital markets firm specializing in distressed and illiquid securities, said it was offering to buy shares of Russian rail operator Globaltrans at a discount of about 20%.

** Hong Kong-listed SRE Group 1207.HK said it sold its 51 percent stake in a unit developing a real estate project in Shanghai for an enterprise value of 3.41 billion yuan ($472 million). ).

** BP BP.L is close to an agreement to sell some of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco, according to three people familiar with the negotiations.

** Asset manager Blackstone BX.N said it would take over private rental housing company Apartment Income REIT AIRC.N , known as AIR Communities, for $10 billion in cash, including debt .

** Rates and credit trading platform Tradeweb Markets TW.O will buy investment technology company Institutional Cash Distributors for $785 million, it said, as it seeks to increase its appeal for corporate treasury professionals.

** Healthcare IT company Model N MODN.N announced it had reached an agreement to be acquired by investment firm Vista Equity Partners for approximately $1.25 billion, which sent its shares up 9.3%, to $29.60, in pre-market trading.

** Aerospace and defense supplier Ducommun DCO.N said it received unsolicited, non-binding interest from private investment firm Albion River in the amount of $60 per share in cash.

** EQT EQTAB.ST has agreed to acquire a majority stake in Spanish university Universidad Europea from private equity firm Permira, in a deal that sources say values ​​the education group higher than more than 2 billion euros ($2.2 billion) when taking into account debt.

**The parent company of Wegovy producer Novo Nordisk

NOVOb.CO has refiled an application with the U.S. Federal Trade Commission (FTC) for approval of a $16.5 billion deal to buy contract manufacturing contractor Catalent CTLT.N , it said a spokesperson.

**Abu Dhabi investor Lunate and Saudi conglomerate Olayan Group have agreed to acquire a 49% stake in ICD Brookfield Place, a major commercial property located in the financial hub of Dubai.

** French media group Vivendi VIV.PA Canal+ has made a mandatory cash offer to buy all the shares in South African broadcaster MultiChoice MCGJ.J that it does not already own for 35 billion rand (1.9 billion dollars), the two companies said.

** UBS UBSG.S said its Japanese wealth management joint venture with SuMi TRUST Wealth Management Co, will acquire Credit Suisse’s wealth management business in Japan after the Swiss bank absorbs its troubled rival in 2023 .

** APM Human Services APM.AX major shareholder Madison Dearborn Partners has offered to buy the 71% of the Australian employment services company it does not own for A$910.4 million ($599 million), an offer the company called “disappointing.”

** Australia’s Westgold Resources WGX.AX said it had agreed to acquire Karora Resources

KRR.TO, a Toronto-listed company, in a cash and stock transaction worth approximately A$1.23 billion ($808.36 million), for its gold assets in the Western Australia.

** Australian glove maker Ansell Ltd ANN.AX said it would buy U.S. company Kimberly-Clark KMB.N’s personal protective equipment unit for $640 million, and planned to finalize the acquisition during the first quarter of fiscal 2025.



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