May 21, 2020 / 8:04 PM / 11 days ago

Deals of the day-Mergers and acquisitions

(Adds Cell C, Nexi, Jupiter Fund Management, Vodacom, Sanlorenzo, Ethio Telecom; Updates Lufthansa)

May 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Italian payments firms Nexi and SIA are exchanging confidential information as they explore a possible tie-up to create an Italian powerhouse in the sector, three sources familiar with the matter said.

** Italian luxury boat maker Sanlorenzo said it was considering buying a majority stake in sailing brand Perini Navi to boost its market share in the superyacht segment.

** The Ethiopian government will sell a 40% stake in Ethio Telecom, a monopoly operator, as part of the country’s plans for opening one of the world’s last major closed telecoms markets, State Minister of Finance Eyob Tekalign Tolina told Reuters.

** Vodacom Group said it has simplified its structure and created a standalone South African business as it seeks to manage its already expanded African footprint and grow further.

** British asset manager Jupiter Fund Management said shareholders had approved its proposed acquisition of smaller rival Merian Global Investors, with about 95% of votes cast in favour of the deal at a general meeting.

** South Africa’s third-biggest telecom operator, Cell C, plans to hive off assets into a new special purpose vehicle (SPV), the country’s competition watchdog said, as part of a plan to restructure the company’s debt.

** SoftBank Group Corp said it plans to sell 5% of its domestic telco SoftBank Corp, currently worth $3.1 billion, as part of a programme to raise $41 billion through asset sales.

** Greencoat Capital has agreed to buy a 156 megawatt (MW) portfolio of solar assets in Britain from investment management firm BlackRock Real Assets and solar energy developer Lightsource BP, it said.

** Lufthansa is in advanced talks over a 9 billion euros ($9.9 billion) state bailout that would see Germany take a 20% stake in its flagship airline, as countries battle to save an aviation industry hammered by the coronavirus pandemic.

** Forescout Technologies Inc sued Advent International Corp on Wednesday, after the private equity firm pulled out of a deal to buy the U.S. cybersecurity company for $1.9 billion. (Compiled by C Nivedita and Shanti S Nair in Bengaluru)

Nuestros Estándares:Los principios Thomson Reuters
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below