Deals of the day-Mergers and acquisitions
Aug 16 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday:
** Swedish investment firm EQT AB EQTAB.ST will acquire PropertyGuru PGRU.N in an all-cash deal, valuing the Singapore-based online real estate platform at $1.1 billion, the companies said. nL4N3K30JR
** Deutsche Bank DBKGn.DE has proposed a settlement to shareholders who sued Germany's largest bank for underpaying them for the acquisition of Postbank but the offer is too low, a lawyer for the plaintiffs said. nL8N3K30A4
** New Zealand-based freight forwarder Mondiale VGL has started a sale process of itself, eyeing a valuation of more than NZ$1 billion ($602 million), two people with knowledge of the matter said. nL1N3K3066
** Sweden's EQT EQTAB.ST said it has agreed to acquire KJ Environment and affiliated companies from Seoul-based investment firm Genesis Private Equity to establish a waste treatment platform in South Korea. nL4N3K214T
** Supermarket chain Kroger KR.N plans to lower grocery prices by $1 billion after the completion of its proposed $25 billion merger with smaller rival Albertsons ACI.N, a company spokesperson said on Thursday. nL4N3K21FZ
** Seagram heir and media industry executive Edgar Bronfman Jr. is preparing an offer for National Amusements, the family company that controls Paramount Global PARA.O, a source familiar with the matter said. nL4N3K21D7
(Compiled by Rajarshi Roy and Pritam Biswas in Bengaluru)
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