Offers of the day-Mergers and acquisitions – 04/09/2024 at 3:41 p.m.


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

(Adds: DFDS, Blue Owl Capital, Monte dei Paschi di Siena, Duc Giang Chemicals)

The following deals, mergers, acquisitions and divestitures were reported at 1330 GMT on Tuesday:

** Danish shipping and logistics company DFDS DFDS.CO said it had agreed to buy the international transport network of Turkish company Ekol Logistics for 1.9 billion crowns ($277 million) and raised its sales growth forecast for the year.

** Alternative asset manager Blue Owl Capital

OWL.N said it would buy Prima Capital Advisors for $170 million to expand into real estate financing, a market that traditional banks have retreated from since last year.

** Italy hopes to find a partner for Monte dei Paschi di Siena bank BMPS.MI this year, the economy minister said.

**Vietnam’s Duc Giang Chemicals DGC.HM is in talks to sell a minority stake to a foreign strategic investor in a deal that could value the country’s second-largest chemical company at $2 billion, two people said people with knowledge of the matter.

** A consortium including Hudson’s Bay Chief Executive Richard Baker’s investment firm NRDC Corp is ready to buy German department store chain Galeria Karstadt Kaufhof, two sources with knowledge of the matter told Reuters. ‘affair.

** The Hungarian government will acquire an 80% stake in Budapest airport, the economy minister said on the sidelines of a conference.

** Eyewear maker EssilorLuxottica ESLX.PA said it has completed the acquisition of Washin Optical Co, a Japanese distributor of optical products that has about 70 direct stores in the country.

** Bain Capital sold its stake in Axis Bank

AXBK.NS at 1,071 rupees ($12.87) per share to raise $429 million, according to a source with direct knowledge of the deal.

** China’s CDH Investments said it has made an investment for a minority stake in food store chain Bach Hoa Xanh, a unit of Vietnam’s largest retail group by market value, Mobile World MWG.HM.

** HSBC HSBA.L , 0005.HK is selling its Argentina business and posting a $1 billion loss on the deal, the bank said, as it continues to shrink its once-global empire to focus on Asia.

** British insurer Aviva AV.L said it has completed the 453 million pound ($574 million) acquisition of AIG AIG.N’s life insurance business in the United Kingdom, sealing the most significant buyout under the leadership of Amanda Blanc to date.

** Blackstone Inc BX.N is moving closer to a deal to take Hong Kong-listed skin care company L’Occitane International SA 0973.HK private, Bloomberg News reported, citing people familiar with the matter.



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