Deals of the day-Mergers and acquisitions
Adds Monte dei Paschi di Siena, BHP; updates Volvo Cars, Sabadell
Oct 30 (Reuters) -The following bids, mergers, acquisitions, and disposals were reported by 1938 GMTon Wednesday:
** Italy is struggling to find a "strategic" buyer for its stake in lender Monte dei Paschi di Siena BMPS.MI before a year-end deadline, leaving it with little alternative but to turn to the market and broaden a fragmented shareholder base, two sources close to the sale process said. nL8N3M519Q
** BHP BHP.AX said that comments made by its chairman at Wednesday's annual general meeting did not mean the company rules out a renewed offer for Anglo American AAL.L, months after its failed bid in May.[nL4N3M62EC]
** Israeli flag carrier El Al Airlines ELAL.TA has withdrawn its bid to buy Israel's largest credit card company, it said, citing its inability to meet requirements by Thursday's deadline. nL8N3M61NR
** Global Payments GPN.N will sell its medical software business, AdvancedMD, to investment firm Francisco Partners for $1.13 billion, the companies said, as the financial technology firm looks to slim down and focus on core operations. nL4N3M61J6
** Volvo Cars VOLCARb.ST is seeking to take over Northvolt's stake in their Swedish battery-making joint venture NOVO but will need a new partner to keep plans for a gigafactory on track, the Chinese-owned automaker said.[nL8N3M60UG]
** Spain's anti-trust watchdog CNMC said it would decide around mid-November whether it would need more time to complete its evaluation of BBVA's BBVA.MC 12-billion euro ($13 bullion) takeover bid for smaller rival Sabadell SABE.MC.[nL8N3M61HB]
** 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, Prakhar Srivastava and Jaspreet Singh in Bengaluru)
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