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UPDATE 1-Deals of the day-Mergers and acquisitions

Published 30/03/2021, 07:00 am
© Reuters.
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(Adds News Corp, Atlantia and Cemig; Updates Euskaltel)

March 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 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. 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 (NYSE:CB) 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. News Corp NWSA.O will acquire the consumer unit of educational publisher Houghton Mifflin Harcourt Co HMHC.O for $349 million in cash, the Rupert Murdoch-led media company said, marking its second buyout in nearly a week. The Benetton family and Italian banking foundation CRT, two key investors in Atlantia ATL.MI , voted against extending a plan to spin off motorway unit Autostrade per l'Italia until the end of July, blocking the proposal. Brazilian electricity company Cemig hopes to complete the sale of its stake in power transmission firm Transmissora Aliança de Energia Elétrica (Taesa) by the end of 2021, Chief Executive Officer Reynaldo Passanezi said during a call with analysts.

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