M&A Deal Flow 20181024


#dealwelove Kraft Heinz Co will sell part of its Indian business, including brands such as malt-based drink Complan and energy drink Glucon-D, for 45.95 billion rupees ($627.18 million), at a time when Indian consumers are demanding healthier, sugar-free alternatives.

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OTHER TOP M&A NEWS

** U.S. healthcare conglomerate Johnson & Johnson said it is acquiring all outstanding shares of Japanese skincare firm Ci:z Holdings Co Ltd that it does not already own for 230 billion yen ($2.05 billion) in cash.

** National Bank (NBG), Greece’s second-largest lender will ask European Union competition authorities for more time to complete planned asset sales under an EU-approved restructuring plan, two bankers close to the matter said.

** Siemens and Alstom will receive a warning this week from European Union antitrust regulators that their plan to create a Franco-German rail champion will hurt competition, a person familiar with the matter said.

** Shares of Kenyan fuel marketer KenolKobil jumped 30 percent early after a takeover offer from French firm Rubis was made public, Refinitiv data showed.

** Endeavor Energy Resources LP is exploring a sale that could value the Texas-based privately held oil producer at more than $10 billion, a source familiar with the matter said.

** France and Italy moved closer towards a military shipbuilding alliance when state-controlled shipyards Naval Group and Fincantieri announced a 50-50 joint venture to bid for Franco-Italian warship projects and export to the world market.

** Freight forwarder DSV will no longer pursue its unsolicited offer for Swiss transport group Ceva Logistics , the Danish company said.

** German conglomerate Thyssenkrupp has hired Goldman Sachs, JP Morgan and Deutsche Bank as advisors in a planned spin-off of its capital goods business, a spokesman for Thyssenkrupp said.

** Spanish insurers Mapfre and Santa Lucia are mulling a merger of their funeral services businesses, hoping to take advantage of growing demand and stable cash-flows to create the Spanish market leader, three sources with knowledge of the deal said.

** Saudi Aramco Chief Executive Officer Amin Nasser said that anti-trust regulations abroad will mean that the company’s planned acquisition of a stake in Saudi Basic Industries Corp (SABIC) will take time.

** Turkey’s Yildiz Holding has launched the sale of Godiva chocolate’s Japanese business with the first round of the auction set to close early next month, sources said.

** AstraZeneca is ploughing deeper into cancer immunotherapy through a wide-ranging deal with Innate Pharma , which includes the British group buying a 9.8 percent stake in the French biotech company.

 

 

M&A IN Pipeline 20181004


** Comcast said it had secured over 75 percent of Sky’s shares, bringing it closer to finalising the $40 billion takeover of the British pay TV group.

Blackstone

** Blackstone Group said it would acquire global life sciences investment firm Clarus for an undisclosed amount, as the investment manager pushes deeper into the healthcare sector.

** Honda Motor Co Ltd will invest $2.75 billion and take a 5.7 percent stake in General Motors Co’s Cruise self-driving vehicle unit, to jointly develop autonomous vehicles for deployment in ride services fleets around the world.

** Smiths Group said it would buy United Flexible Inc, a U.S.-based maker of parts for aircraft engines, from private equity firm Arlington Capital Partners for an enterprise value of $345 million.

** Barnes & Noble Inc said it would explore strategic options after several parties, including founder-chairman Leonard Riggio, showed interest in buying the bookseller.

** Saudi British Bank (SABB) and smaller rival Alawwal Bank are merging to create Saudi Arabia’s third-biggest lender with a market capitalization of about $17.2 billion.

** Italian state-owned bank Monte dei Paschi di Siena is close to selling its Belgian unit to private equity firm Warburg Pincus in a 50 million euro ($57 million) deal, a source familiar with the matter said.

Continue reading “M&A IN Pipeline 20181004”