Deals of the day: Mergers and acquisitions

The following offers, mergers, acquisitions, and divestitures were reported on Tuesday at 0945 GMT:

** Prosus NV doubled its investment in India with a $ 4.7 billion deal for the BillDesk payment platform, making it one of the largest players in the country’s fast-growing fintech sector.

** French chemicals maker Arkema said it has agreed to buy Ashland Global Holdings’ high-performance adhesives business in a deal valued at $ 1.65 billion, including debt.

** Pershing Square owned by American hedge fund manager Bill Ackman will buy another 2.9% of Vivendi’s Universal Music Group for $ 1.149 billion, the French conglomerate announced.

** Russian internet giant Yandex said it will buy Uber’s stake in its joint foodtech, delivery and self-drive businesses and increase its stake in a mobility-focused joint venture as part of a $ 1 billion deal.

** UK renewable energy investment company Octopus Group has acquired a 180 megawatt wind farm project in Queensland, Australia from UK RES, the companies said.

** The German real estate group LEG Immobilien is aiming to expand abroad and would also consider buying apartments from Vonovia or Deutsche Wohnen in the event of a merger, the CEO told Reuters.

** Wyloo Metals from Australian mining billionaire Andrew Forrest has submitted a revised offer to Canadian nickel mining company Noront Resources Ltd that was 27% more than BHP Group, said Wyloo.

** The Brazilian insurer SulAmerica announced that it has made an unsolicited binding offer to acquire up to 100% of the shares in the medical company HB Saude for up to 485 million reais (93.56 million US dollars).

** Japan’s Kansai Super Market Ltd. said it is a capital and business alliance with H2O Retailing Corp. has agreed.

** US-based medical device company Baxter International Inc is on the verge of a deal to buy medical device maker Hill-Rom Holdings Inc for more than $ 10 billion, said a person familiar with the matter.

(Compiled by Rajarshi Roy and Dania Nadeem in Bengaluru) (([email protected]))

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