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Deals of the day-Mergers and acquisitions

Published 03/12/2020, 10:00 pm
Updated 04/12/2020, 10:06 am
© Reuters.
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(Adds Boeing (NYSE:BA), Webuild, Affirm Holdings; Updates Flutter Entertainment)

Dec 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2300 GMT on Thursday:

** Affirm Holdings Inc AFRM.O has agreed to buy Canadian buy-now-pay-later (BNPL) firm PayBright for C$340 million ($264 million), as the lending startup looks to expand outside the United States. Webuild WBD.MI is aiming to complete its merger with listed unit Astaldi AST.MI by the end of the first half of next year, the top finance executive of Italy's biggest construction group said on Thursday. Budget airline Ryanair RYA.I on Thursday ordered 75 Boeing BA.N 737 MAX jets with a list price of $9 billion, throwing a commercial lifeline to the embattled U.S. planemaker after regulators lifted a 20-month safety ban. French telecoms group Orange ORAN.PA said it was planning a bid for the shares it does not already own in Orange Belgium OBEL.BR , in an offer worth around 620 million euros ($751 million), as it uses up funds recouped from a tax dispute. The CEO of Singapore-based Grab told employees in an internal note that the company is well placed to make acquisitions, after a report it is close to a merger with regional rival Gojek. Italy's biggest utility Enel ENEI.MI has agreed to buy fintech company CityPoste Payment(CPP) from Mail Express Group to strengthen its position in the digital payments market. Flutter Entertainment FLTRF.I raised its bet on the U.S. gambling market on Thursday, with a $4.18 billion deal to increase its FanDuel holding to 95% and end Fastball's involvement in online sports betting platform FOX Bet. Nesco Holdings Inc NSCO.N said it would buy heavy equipment solutions provider Custom Truck One Source (CTOS) for $1.48 billion to create a specialty rental equipment company. Brazilian electric utility Companhia de Transmissão de Energia Elétrica Paulista (CTEEP) TRPL4.SA has agreed to acquire 100% of energy transmission company Piratininga-Bandeirantes Transmissora de Energia, according to a securities filing. Dyal Capital Partners and Owl Rock Capital Corp ORCC.N are in talks to merge with a blank-check company, the asset managers said, sending Owl Rock's shares nearly 10% higher in extended trading. Australia's Macquarie Group MQG.AX said it would buy U.S. wealth manager Waddell & Reed Financial Inc WDR.N for $1.7 billion, its first major deal under a new CEO that expands its presence in the world's largest retail finance market. Asset manager Standard Life Aberdeen SLA.L said it has sold a 2.8% stake in insurance subsidiary HDFC Life Insurance Company for 172 million pounds ($230.53 million). Australia's Woodside Petroleum Ltd WPL.AX said it had exercised its right to match an offer by a unit of India's ONGC Videsh Ltd ONVI.NS to buy FAR Ltd 's FAR.AX stake in the Sangomar oil project in Senegal. Finland's largest utility Fortum FORTUM.HE said it plans to develop up to 2 gigawatts of onshore and solar capacity by 2025 as part of a new carbon neutral strategy that includes its German subsidiary Uniper UN01.DE .

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