March 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1140 GMT on
Thursday:
** Private equity firm KKR has launched a 2.8
billion euro ($3.06 billion) takeover offer for German
electricity and energy producer Encavis, the company
said.
** Elbe Bidco has launched a takeover offer for German
electricity and energy producer Encavis, the company
said, confirming previous talks.
** Drugmaker AstraZeneca AZN.L said it would acquire
endocrine diseases-focused firm Amolyt Pharma for $1.05 billion
in cash, in a bid to boost its rare diseases portfolio.
** Spanish construction giant Ferrovial said it
will buy a 24% stake in IRB Infrastructure Trust, an investment
vehicle that holds a portfolio of 12 toll road concessions in
India, for 740 million euros (about $810 million).
** Japanese state-backed fund Japan Investment Corp (JIC)
will start a tender offer for chip materials maker JSR Corp's ( JSCPF )
shares on March 19 after it obtained Chinese
regulators' approval, Bloomberg News reported.
** Appen ( APPEF ) said U.S.-based digital data solutions
firm Innodata ( INOD ) has withdrawn a non-binding indicative
proposal for a buyout, sending shares of the Australian software
firm tumbling more than 17%.
** U.S. President Joe Biden plans to express concern over
Nippon Steel's proposed $14.9 billion purchase of U.S. Steel, a
person familiar with the matter said, pushing the U.S. company's
stock nearly 13% lower on bets the deal could face greater
political opposition.
** Singapore Telecommunications (Singtel) STEL.SI shares
fell more than 1% in early trade after reports it was in
advanced negotiations to sell a significant stake in Australian
telco Optus to Canada's Brookfield Asset Management ( BAM ).
** India's Reliance Industries has agreed to buy
Paramount Global's ( PARAA ) entire 13.01% stake in local
entertainment network Viacom 18 Media for about $517 million
(42.86 billion Indian rupees), the U.S. company said in a
regulatory filing.
** South African coal miner Exxaro Resources is
considering potential deals to acquire copper and manganese
assets as part of its diversification strategy, Chief Executive
Nombasa Tsengwa said.
** Japan's SoftBank Group is exploring a potential
investment in France's Mistral AI, Bloomberg News reported,
citing people familiar with the matter.
** The owners of Aareal Bank have lined up advisers to sell
its tech unit, three people familiar with the matter told
Reuters, as the German property lender navigates a global crunch
in commercial real estate.
** Biopharmaceutical company Biocon's unit Biocon
Biologics will sell its Indian branded formulations businesses
to Eris Lifesciences ERIS.NS in a deal worth 12.42 billion
rupees ($150 million), the companies said in separate exchange
filings.
** Swedish gaming company Embracer agreed to
divest selected assets from its subsidiary Saber Interactive for
$247 million, thereby ceasing all operations in Russia, it said
on.
** Czech-Slovak investment group J&T will invest 100 million
euros ($109.40 million) to take an 8.1% share in Emma Alpha
Holding, the main investment platform of Czech investor Jiri
Smejc's Emma Capital, the groups said.
** Cisco Systems ( CSCO ) won unconditional EU antitrust
approval for its $28 billion bid for cybersecurity firm Splunk ( SPLK )
after EU regulators said they did not see any
competition issues.
(Compiled by Rajarshi Roy and Puyaan Singh in Bengaluru)