Deals of the day-Mergers and acquisitions

Reuters · 07/01 10:09
Deals of the day-Mergers and acquisitions

- The following bids, mergers, acquisitions and disposals were reported by 10:00 GMT on Monday:


** Metro Pacific Tollways, an affiliate of Philippines' Metro Pacific Investments MPCFF.PK, said it will, together with global investment firm, GIC, take up a 35% stake worth $1 billion in a unit of Indonesian toll road operator, PT Jasa Marga (Persero) JSMR.JK.


** South African pharmacy chain Clicks Group CLSJ.J said it would sell drug maker Unicorn Pharmaceuticals to comply with a court ruling, clearing the way for the health ministry to issue the company with licences for stores.


** BlackRock BLK.N has agreed to buy UK data firm Preqin for 2.55 billion pounds ($3.23 billion) in cash in a further expansion by the world's biggest asset management company into alternative investments.


** Boeing BA.N agreed to buy back Spirit AeroSystems SPR.N for $4.7 billion in stock and Airbus moved to take on the supplier's loss-making Europe-focused activities in return for hundreds of millions of dollars of compensation in a rare coordinated move.


** French private equity firm PAI Partners teamed up with Spanish peer Inveready to make an offer to buy Spain's fifth largest telecom company Avatel, Expansion reported citing unidentified market sources.


** Indonesia's Delta Dunia Group DOID.JK plans to grow through acquisitions, backed by strong support from its lenders, after it completed the $122.4 million purchase of Atlantic Carbon Group, director Iwan Salim said.


** Google GOOGL.O said it has taken a stake in Taiwan's New Green Power and could buy up to 300 megawatts of renewable energy from the BlackRock BLK.N fund-owned firm to help cut its carbon emissions and those of suppliers.


(Compiled by Rajarshi Roy and Sneha S K in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com;))