Deals of the day-Mergers and acquisitions
Adds: Global Payments, Volvo Cars, CNMC Updates:
Oct 30 (Reuters) -The following bids, mergers, acquisitions, and disposals were reported by 1330 GMT on Wednesday:
** Israeli flag carrier El Al Airlines ELAL.TA has withdrawn its bid to buy Israel's largest credit card company, it said, citing its inability to meet requirements by Thursday's deadline.
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** Global Payments GPN.N will sell its medical software business, AdvancedMD, to investment firm Francisco Partners for $1.13 billion, they said, as the financial technology firm looks to slim down and focus on core operations.
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** Volvo Cars VOLCARb.ST is seeking to acquire Northvolt's stake in their Swedish battery-making joint venture and would need to find a further investor to keep plans for their gigafactory on track after Northvolt halted funding, it said.
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** Spain's anti-trust watchdog CNMC said it would decide around mid-November whether BBVA's BBVA.MC takeover bid for smaller rival Sabadell SABE.MC will be reviewed in phase 1 or phase 2 of its evaluation process.
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** Denmark's Orsted said it had agreed to sell a 12.45% minority stake in four of its operational British offshore wind farms to Brookfield in a transaction worth 1.75 billion pounds ($2.28 billion).nL8N3M60QC
** Asset management giant BlackRock BLK.N has emerged as the sole bidder in talks to acquire private credit firm HPS Investment Partners, Bloomberg News reported on Tuesday, citing people with knowledge of the discussions.nL4N3M600F
** EQT Corp EQT.N said on Tuesday it would sell its remaining interest in its non-operated natural gas assets in northeast Pennsylvania for $1.25 billion in cash to Equinor EQNR.OL. nL4N3M52M7
(Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)
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