Deals of the day-Mergers and acquisitions
Adds: Discover Financial Services, TotalEnergies, Google, Fenerbahce-Kalamis Yacht Marina
July 17 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:
** Discover Financial Services DFS.N will sell a portfolio of student loans to buyout giants Carlyle CG.O and KKR KKR.N for up to $10.8 billion, the credit card-focused lender said.
nL4N3J90XK
** TotalEnergies has sold its 10% interest in a suite of Nigerian oil and gas production licences to Mauritius-based Chappal Energies for $860 million, the French energy firm said.
nL6N3J90F6
** An elite Israeli military intelligence unit may once again be about to prove its value to the nation's tech economy as Google's parent eyes cybertech company Wiz for an eyewatering $23 billion.
nL8N3J8174
** Turkish businessman Vahit Karaarslan submitted the highest bid of $505 million to operate Fenerbahce-Kalamis Yacht Marina for 40 years, the country's privatisation authority said.
nL8N3J90LE
** GitLab GTLB.O, a U.S. provider of cloud-based software development tools whose investors include Google parent Alphabet GOOGL.O, is exploring a sale after attracting acquisition interest, according to people familiar with the matter.
nL4N3J9031
** Spanish fund Asterion has agreed to buy 49% of a holding company that owns several Italian airports from France's Ardian and Credit Agricole Assurance, including a stake in the Milan airports' operator, two sources said.
nL8N3J90FX
** Spain's Criteria, the investment arm of the La Caixa foundation, is considering teaming up with Czech train maker Skoda in its bid for Talgo TLGO.MC, Cinco Dias newspaper reported, citing unidentified sources close to the Skoda offer.
nL8N3J90A0
** EssilorLuxottica ESLX.PA has agreed to buy streetwear brand Supreme from VF Corporation VFC.N for $1.5 billion, both companies said, marking the first acquisition of an apparel company for the French-Italian eyewear maker.
nL8N3J909D
** Spanish fund Asterion will invest in Italian airports after agreeing to buy 49% of a holding company that controls the Naples and Turin airports among others from France's Ardian and Credit Agricole Assurance, sources close to the matter said.
nS8N3GB0J7
** German insurer Allianz ALVG.DE said that it was planning to buy a majority stake in Singapore's Income Insurance for about $1.6 billion to strengthen its foothold in Asia.
nL8N3J905Y
** French retailer Fnac Darty FNAC.PA on Tuesday offered to buy Italy's Unieuro UNIR.MI for around 249 million euros ($271 million) to create a market leader in consumer electronics and domestic appliances in southern and western Europe.
nL1N3J80RU
** Pernod Ricard PERP.PA said it agreed to sell the majority of its wine portfolio to the owners of Australia's Accolade Wines, disposing of a dragging division to focus on its core business of spirits.
nL1N3J9041
(Compiled by Rajarshi Roy and Pritam Biswas in Bengaluru)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
