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Deals of the day-Mergers and acquisitions

Published 20/10/2020, 09:00 pm
Updated 21/10/2020, 12:36 am
© Reuters.

(Adds Nitori Holdings; Updates Petra Diamonds)

Oct 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

** Privately held Indian developer RMZ Corp has sold 12.5 million square feet of its real estate assets to Brookfield Asset Management Inc BAMa.TO for $2 billion, the Canadian asset manager said. Japanese furniture retailer Nitori Holdings Co 9843.T is considering making a bid for Shimachu Co 8184.T that would challenge an offer for the home improvement retailer made by DCM Holdings 3050.T , the Nikkei business daily reported. The parent company of Dutch fast fashion retailer C&A CEAB3.SA denied a report that it was seeking to sell its controlling stake in the brand's Brazilian unit, according to a securities filing. Activist investor Starboard Value boosted its stake in ACI Worldwide Inc ACIW.O to 9%, according to a regulatory filing, that helped push the payment systems company's stock up more than 3% in afterhours trading. Italy's CDP and investment funds Macquarie and Blackstone (NYSE:BX) have presented a proposal to buy Atlantia 's ATL.MI 88% stake in motorway unit Autostrade per l'Italia, the Italian state lender said. Australian billionaire Andrew Forrest has taken over full control of a A$250 million ($176 million) gas import terminal in New South Wales, buying out stakes held by Japan's JERA and Marubeni Corp 8002.T in a push to speed up the project. Intel Corp INTC.O has agreed to sell its NAND memory chip business to SK Hynix Inc 000660.KS for $9 billion in an all-cash deal that would propel the South Korean chipmaker to second in the global rankings. Singapore-based data centre operator Princeton Digital Group (PDG) said it has signed a deal for a $360 million investment led by Canadian pension fund Ontario Teachers' Pension Plan Board. Petra Diamonds PDL.L has abandoned plans to sell the business in favour of a debt-for-equity restructuring, it said, sending its shares lower because of the deal's dilutive effect on existing stakeholders. Private equity group Advent International will have a stake of 11.4% and China's Alibaba (NYSE:BABA) BABA.N 6.1% in Dufry DUFN.S after a capital increase that raised 820 million Swiss francs ($901 million), the Swiss duty free company said. South Africa's supermarket chain Pick n Pay PIKJ.J said it had concluded an agreement to buy on-demand online grocery delivery firm Bottles to strengthen its e-commerce business.

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