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Deals of the day-Mergers and acquisitions
Aug 2, 2024 2:52 AM

Aug 2 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Friday:

** Carlsberg has agreed to take full control of

its business in India and Nepal, the Danish brewer said.

** Switzerland's Sika AG said it had acquired

chemicals construction company Vinaldom in the Dominican

Republic, boosting the firm's presence in the Caribbean.

** New Zealand's Warehouse Group ( WHGPF ) said that it has

called off talks with private equity firm Adamantem Capital for

an up to NZ$587.1 million ($349.1 million) takeover after its

key shareholder declined to back the offer.

** Global energy trader Vitol has agreed to acquire Hong

Kong-based Noble Resources Trading Ltd, the company said in a

statement, in a deal intended to expand its coal trading

business.

** Ayala Corp, one of the Philippines' largest

conglomerates, said it had acquired an additional 8% stake in

Globe Fintech Innovations, popularly known as Mynt, for 22.9

billion pesos ($393.07 million).

** Insurer Ryan Specialty said it has agreed to buy

specialized builder's risk insurance firm US Assure Insurance

Services of Florida.

** Occidental Petroleum ( OXY ) said that Colombia's

Ecopetrol will not buy a stake in shale oil producer

CrownRock after the U.S. company said last month they were in

talks for a potential stake sale.

** BNP Paribas is in exclusive talks with French

insurer AXA to buy 100% of its AXA Investment Managers

arm at an agreed price of 5.1 billion euros ($5.50 billion), the

euro zone's biggest bank said.

** British Airways owner IAG terminated its proposed

takeover of Spain's Air Europa, citing regulatory environment

concerns, less than two months after it offered remedies to

antitrust regulators to secure approval for the deal.

** The European Commission said that it had cleared the $34

billion merger deal between Bunge and the Glencore-backed

company Viterra.

(Compiled by Rajarshi Roy and Harshita Mary Varghese in

Bengaluru)

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