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Deals of the day-Mergers and acquisitions

Published 22/04/2021, 06:00 am
Updated 22/04/2021, 06:00 am
© Reuters.

(Adds Aggreko , Hensoldt)

April 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Equipment rental company Aggreko's AGGK.L 2.3 billion pound ($3.20 billion) takeover by private equity firms is in doubt because its biggest shareholder Liontrust Asset Management plans to oppose the deal, Sky News reported. German military sensor maker Hensoldt HAGG.DE said that its largest shareholder, buyout group KKR KKR.N , is soliciting bids for a 25.1% stake among major European defence contractors. Foodservice equipment manufacturer Middleby Corp MIDD.O said it would buy smaller rival Welbilt Inc WBT.N for about $2.9 billion in an all-stock deal to beef up its commercial foodservice platform. Bain Capital is looking at formulating a bid to acquire Toshiba Corp 6502.T , two people familiar with the matter said, making it one of several firms said to be interested in taking the Japanese conglomerate private. Hammerson HMSO.L said it sold seven retail parks to Canadian private-equity firm Brookfield Asset Management BAMa.TO for 330 million pounds ($459.33 million), marking the mall operator's exit from the UK retail parks sector. Australian oil and gas explorer FAR Ltd FAR.AX said it was certain that Remus Horizons would not proceed with its A$209.6 million ($161.6 million) takeover proposal, after receiving two letters from the private investment firm outlining various issues. Credit Agricole Italia CAGR.PA secured majority support for a $1 billion takeover of rival bank Creval PCVI.MI after agreeing to pay the maximum price regardless of acceptance levels for its offer. Greece's biggest power utility Public Power Corp (PPC) DEHr.ΑΤ expects binding offers for a minority stake in its fully-owned power grid operator HEDNO in the third quarter of the year, a senior official at PPC said. ANTA Sports Products Ltd, China's home grown sportswear maker, 2020.HK said that its controlling shareholder has planned sale of about 3.26% stake in the company for HK$11.57 billion ($1.49 billion). Australia's Nickel Mines Ltd NIC.AX said it had acquired half of the Angel Nickel project in Indonesia, having bought a further 20% stake for $137.6 million from a unit of Tsingshan Group. Italy's Serie A soccer league may consider reviving a plan to sell a stake in its media business only if potential bidders offered to pay more following the success of its domestic TV rights tender, Juventus chairman Andrea Agnelli said. Brazilian apparel retailer Lojas Renner SA LREN3.SA is eyeing the acquisition of the digital apparel retailer Dafiti in a potential cash and stock deal, newspaper O Estado de S. Paulo reported.

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