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Deals of the day-Mergers and acquisitions
2017年3月24日 / 上午10点30分 / 7 个月前

Deals of the day-Mergers and acquisitions

(Adds Italgas, Capitec Bank, Cinven; updates Carlyle Group)

March 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** China-based Zhonghong Zhuoye Group Co Ltd will buy Blackstone Group LP’s 21 percent stake in SeaWorld Entertainment Inc, the embattled U.S.-based marine park operator said.

** The chief executive of U.S. paint maker PPG meets Dutch government officials to make the case for its proposed 22.7 billion euro ($24.5 billion) takeover of Dutch peer AkzoNobel.

** Management of Japan’s pearl retailer Tasaki & Co will buy out the company with private equity firm MBK Partners for 31.5 billion yen ($283 million), Tasaki said.

** Britain’s Co-operative Bank, up for sale after struggling to meet UK regulatory capital requirements, said it had received multiple expressions of interest.

** The Carlyle Group has acquired a minority stake in Indian logistics firm Delhivery, while existing investor hedge fund Tiger Global also raised its stake, for a combined investment of more than $100 million, the buyout fund said.

** Air Products and Chemicals Inc said it would drop a proposed $1.5 billion bid for China’s largest producer of industrial gases, leaving the door open for a competing offer from Hong Kong-based private equity firm PAG.

** Carlyle Group has bought Royal Dutch Shell’s onshore oil fields in Gabon for $587 million, continuing the growing trend of private equity investors looking to squeeze extra profit from oil majors’ unloved assets.

** Italian toll road operator Atlantia said media reports over the sale of a minority stake in its motorway unit were inaccurate.

** South Africa bank FirstRand’s Namibian unit has secured regulatory approval to buy out a fund manager, it said, as part of the lender’s stated plan to bulk up in the southern African nation.

** Italy’s biggest gas distributor Italgas is interested in buying the distribution assets of Gas Natural in the country if the Spanish group decides to sell them, the Italgas CEO said.

** Canyon Bridge Capital Partners LLC, the China-backed buyout fund that agreed to acquire Lattice Semiconductor Corp in November for $1.3 billion, has resubmitted the deal for U.S. government review, three people familiar with the matter said.

** South Africa’s Capitec Bank has purchased a 40 percent stake in Latvia’s Creamfinance for 21 million euros ($22.67 million), the lender said.

** Private equity firm Cinven is in talks to buy CHRYSO, a French chemicals group with 2016 sales of 300 million euros ($324 million), from LBO France, the companies said.

** Britain’s Co-operative Bank said its ongoing sales process has drawn interest from multiple bidders after the ailing British lender put itself up for sale in February.

** Rothschild & Co will study strategic options, including a possible flotation or sale, for French frozen food retailer Picard after winning the mandate from its owners, sources close to the matter told Reuters. (Compiled by Divya Grover, Rishika Sadam and Aishwarya Venugopal in Bengaluru)

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