Offers of the day-Mergers and acquisitions – 06/14/2024 at 10:02 p.m.


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

(Equinor, Ferrovial, Sabadell, Prelios, Diagnosticos da America; update from Great Eastern)

The following deals, mergers, acquisitions and divestitures were reported at 1945 GMT Friday:

** Diagnosticos da America (Dasa) DASA3.SA and health insurance operator Amil have agreed to combine their hospital operations, creating a joint venture with nearly 10 billion reais ($1.86 billion) in net revenue, the companies said.

** Private fintech group ION has received the green light from the Italian central bank to buy bad debt and real estate manager Prelios from US hedge fund Davidson Kempner, according to two sources with knowledge of the matter

** Spain’s Sabadell SABE.MC postponed the completion of the sale of its retail payments business to Nexi

NEXII.MI after becoming the target of a hostile takeover bid from BBVA

BBVA.MC, said two sources with knowledge of the matter.

** Infrastructure giant Ferrovial said it has reached a new deal with French private equity fund Ardian and Saudi Arabia’s Public Investment Fund (PIF) to sell most of its 25% stake in the Heathrow Airport while retaining 5.25%

** Independent directors of Singapore’s Great Eastern GELA.SI have been asked to recommend that minority shareholders accept an offer of 1.4 billion Singapore dollars ($1.03 billion) from the company’s largest investor. the insurer, Oversea-Chinese Banking Corp (OCBC) OCBC.SI .

** Norwegian energy giant Equinor EQNR.OL has suspended efforts to sell a stake in the giant Rosebank oil project in Britain’s North Sea due to fiscal uncertainty ahead of next month’s election in Britain , according to sources close to the matter.

** U.S. refiner Phillips 66 PSX.N said it would sell its 25 percent stake in the Rockies Express Pipeline for about $1.28 billion, including debt, to a subsidiary of Tallgrass Energy.

** Thai retailer Central Group has agreed to acquire the assets it has not yet obtained in the KaDeWe group, a leading department store chain in Germany, part of the folded real estate empire of tycoon René Benko.

** Shares of Spanish company Solaria SLRS.MC jumped 10% after a Bloomberg report said the solar system developer had received unsolicited takeover offers.

** Vodafone Group VOD.L seeks to sell its entire $2.3 billion stake in Indus Towers

INUS.NS through stock trading next week, two sources with direct knowledge said, as part of the British company’s efforts to pay down debt.

** Global Yatirim Holding, the controlling shareholder of Global Ports Holding GPH.L , the world’s largest cruise port operator, said it would take the London-listed company private.

** TotalEnergies TTEF.PA will sell its Brunei operations to Hibiscus Petroleum HIBI.KL , an independent Malaysian exploration and production company, for $259.4 million, the two companies announced.

** Germany’s competition regulator has approved plans by Czech billionaire Daniel Kretinsky’s EP Corporate Group to acquire a stake in Thyssenkrupp’s steel division TKAG.DE , the agency said.

** Kirin Holdings 2503.T said it is offering 220.7 billion yen ($1.4 billion) to acquire the remainder of skincare brand Fancl Corp 4921.T as the beer maker continues to move towards the health and well-being sectors.

** Britain’s competition regulator has launched a formal investigation into housebuilder Barratt’s £2.52 billion ($3.21 billion) deal

BDEV.L to purchase its smaller rival Redrow RDW.L to examine whether it could harm competition.



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