Deals of the day-Mergers and acquisitions
Adds: AlphaTheta, BBVA, Jindal Stainless, Epos Now, Bancorp, Presight AI Holding
May 1 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1740 GMT on Wednesday:
** Artificial intelligence company Presight AI Holding PRESIGHT.AD has acquired a majority stake in AIQ, a technology joint venture between Abu Dhabi National Oil Company and G42, under a new ownership structure announced by the companies on Wednesday. nL1N3H41NZ
** New York Community Bancorp NYCB.N CEO Joseph Otting said the bank will be working over the next few days to finalize a deal to sell $5 billion of its assets. nL4N3H42ER
** British tech group Epos Now is exploring strategic options, including the sale of a minority stake in the business, four people familiar with the matter told Reuters. nL8N3H41QQ
** India's Jindal Stainless JIST.NS said on Wednesday it is investing nearly 54 billion rupees ($646.6 million) for acquisitions and capacity expansion. nL4N3H41YK
** Spanish bank BBVA BBVA.MC said on Wednesday it had submitted a merger proposal to Sabadell SABE.MC, valuing its smaller rival at about 12 billion euros ($12.8 billion). nL8N3H41YM
** British competition regulator said that Japan-based AlphaTheta's proposed deal to acquire New Zealand's Serato could see DJs paying more to keep partygoers entertained. nL4N3H41HR
** Macquarie Asset Management, part of Macquarie Group MQG.AX, has agreed to sell a 10% stake in Britain's East Anglia ONE offshore wind farm to renewable energy asset manager NTR. nL1N3H40FU
** Allen & Overy and Shearman & Sterling said that they have completed their long-planned merger, officially launching the largest transatlantic law firm combination in years. nL1N3H32B0
** China's Zhaojin Capital has won control of Australia's Tietto Minerals TIE.AX after a protracted six months takeover tussle that values the gold producer at A$733 million ($474.62 million), according to a regulatory filing. nL4N3H404U
** Australian retailer Woolworths WOW.AX said that it would sell a 5% stake worth A$468 million ($302.84 million) in Endeavour Group EDV.AX, almost three years after spinning out the liquor store and pub operator. nL1N3H347Z
** Brazilian miner Vale VALE3.SA said on Tuesday it concluded the sale of 10% of Vale Base Metals to Manara Minerals for $2.5 billion, according to a securities filing. nL1N3H349P
** PG&E PCG.N said on Tuesday it had entered into exclusive negotiations to sell a minority interest in Pacific Generation to KKR & Co's KKR.N unit, as the utility firm seeks funding to improve its energy grid. nL4N3H36G5
(Compiled by Rajarshi Roy, Pratyush Thakur and Pratik Jain in Bengaluru)
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