Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Deals of the day-Mergers and acquisitions

Published 29/03/2021, 10:00 pm
Updated 30/03/2021, 01:00 am
© Reuters.

(Adds, Fly Leasing Ltd, Uber, Intesa Sanpaolo , Chubb (NYSE:CB) Ltd, Nomad Foods, Applied Materials)

March 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 14:00 GMT on Monday:

** The e-wallet business operated by Malaysian bank CIMB Group's CIMB.KL financial technology unit is looking to close by around mid-year a fundraising in a joint venture with China's Ant Group, the unit's chief said in a press briefing. Troubled Australian wealth manager AMP Ltd AMP.AX said that Ares Management ARES.N was interested in a potential buyout of its A$2.25 billion ($1.72 billion) private markets business, nearly a month after the U.S. private equity fund withdrew its takeover bid for the parent company. Italian regional bank Creval PCVI.MI said a takeover offer by Credit Agricole Italia (CAI) CAGR.PA was a good strategic move, but the price should be at least 23% higher. Spanish telecoms group Euskaltel EKTL.MC said it would cooperate on a 2-billion-euro ($2.35 billion) takeover bid by larger rival MasMovil, which is set to shake up the country's competitive market. Real estate company Corem Property Group COREa.ST has offered to buy its Swedish peer Klovern KLOVa.ST in a deal worth 19.48 billion crowns ($2.25 billion), it said. Singapore wealth fund GIC has agreed to buy a 2.5% stake in Europe's largest mobile phone towers operator Cellnex CLNX.MC from Edizione, the Benetton family's investment firm, Edizione said. The head of the biggest shareholder in Euskaltel EKTL.MC said he expected investors and regulators to back the Spanish telecoms group's planned purchase by MasMovil and clear the way for an early fourth-quarter close. A proposal by Nornickel GMKN.MM to distribute its 50% stake in the Bystrinsky copper mine among its own shareholders may ease dividend discussions between the Russian metal producer's two co-owners, analysts said. Private equity firm Carlyle Group CG.O said an affiliate of Carlyle Aviation Partners, its aviation investment arm, will buy aircraft leasing company Fly Leasing Ltd FLY.N for an enterprise value of $2.36 billion. Britain's competition watchdog said it had cleared Uber's UBER.N takeover of UK tech firm Autocab, after its initial probe found the deal would not affect competition in the country's taxi booking and dispatch software market. Croatian food producer and retailer Fortenova Grupa said it had agreed to sell its frozen food business to Nomad Foods NOMD.N in a deal valued at 615 million euros ($723.98 million). Applied Materials AMAT.O has terminated its $2.2-billion deal to buy Japanese peer Kokusai Electric Corp from KKR & Co KKR.N , the chip equipment maker said as it did not get a confirmation of timely approval from China's regulator. Italy's No.1 banking group Intesa Sanpaolo ISP.MI has acquired full ownership of domestic asset manager Pramerica SGR by buying a minority stake from Prudential Financial (NYSE:PRU) PRU.N . Property and casualty insurer Chubb Ltd CB.N said it was "disappointed" that smaller rival Hartford HIG.N had declined to engage in talks on its $23.24 billion takeover offer.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.