Deals of the day-Mergers and acquisitions

Reuters · 02/05/2021 11:10
Deals of the day-Mergers and acquisitions

- The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Friday:


** A bidding war for Signature Aviation SIGSI.L took a new twist as former Gatwick owner GIP joined forces with Blackstone and Bill Gates' investment vehicle on an offer valuing the private jet services firm at $4.73 billion. nL4N2KB2AD


** U.S. advertising platform Magnite MGNI.O has agreed to buy video advertising group SpotX from European broadcaster RTL Group RRTL.DE for $1.17 billion, it said, aiming to create a leading interactive advertising platform. nL8N2KB1MP


** Chinese logistics giant SF Holdings Co 002352.SZ is in talks to take Hong Kong-listed Kerry Logistics Networks Ltd 0636.HK private, in the sector's latest consolidation attempt, four people with knowledge of the matter told Reuters. nL1N2KB03J


** UniCredit CRDI.MI will consider Monte dei Paschi BMPS.MI among its options for growth but Italy's second-biggest bank will only pursue a takeover that is in the interest of all of its shareholders, its chairman designate was quoted as saying. nL8N2KB17K


** Struggling British fashion retailer French Connection FCCN.L is in takeover talks with two possible suitors, it said. nL8N2KB1M9


** Spain's largest power company Iberdrola IBE.MC said it agreed to buy a majority stake in a portfolio of offshore wind farm projects currently developed by Irish renewable energy company DP Energy. nL1N2KB0LB

** Allianz will acquire full ownership of its China life insurance business after agreeing to buy the 49% stake it doesn't already own in its Chinese joint venture, the German insurance giant said. nL4N2KB2SG


** A unit of top steel producer China Baowu Steel Group has reached an agreement with a partner to jointly invest in a supply chain system integrating metal recycling, examination, storage, processing and delivery, it said. nL1N2KB09T


** Japan's Nidec Corp 6594.T said it will acquire a unit of Mitsubishi Heavy Industries 7011.T that makes machine and cutting tools as it bolsters a push in motors for electric vehicles (EV). nASA01P17


** Privately-owned Appalachian gas producer Alta Resources is exploring options that include a sale of its acreage for more than $3 billion, people familiar with the matter said. nL8N2K47R6




(Compiled by Amruta Khandekar in Bengaluru)

((Amruta.Khandekar@thomsonreuters.com;))