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Deals of the day-Mergers and acquisitions
Mar 20, 2024 3:21 AM

March 20 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Wednesday:

** Swiss contract drug manufacturer Lonza said it

would buy one of the world's largest manufacturing sites for

biologic drugs in California from drugmaker Roche for

$1.2 billion.

** Kenyan lender KCB Group is set to announce the

sale of its subsidiary National Bank of Kenya (NBK), the Daily

Nation newspaper reported , citing unnamed sources.

** Private equity firm BC Partners is in advanced talks to

sell Aenova Group, a Germany-based contract manufacturer and

development services provider for the pharmaceutical industry,

to Apax Partners, according to two sources with knowledge of the

matter.

** Britain's Johnson Matthey ( JMPLF ) said it will sell its

medical device components business to Montagu Private Equity for

$700 million in cash, as part of its strategy to focus on growth

units and streamline operations.

** European carmaker Stellantis ( STLA ) announced that

it was acquiring a stake in optical radar start-up SteerLight as

it seeks to strengthen its market position and secure access to

crucial sensors for autonomous driving.

** India's HDFC Bank said it has completed the

sale of its stake in education finance arm HDFC Credila for

95.53 billion rupees ($1.15 billion) to private equity firms

BPEA EQT and ChrysCapital.

** Gildan Activewear ( GIL ), said on Tuesday the

board has decided to put the Canadian clothing maker up for sale

and is in talks with multiple bidders.

** Amedisys ( AMED ) said on Tuesday Oregon's health

authority has started a review of UnitedHealth Group's ( UNH )

$3.3 billion acquisition of the home health and hospice

caregiver.

(Compiled by Rajarshi Roy in Bengaluru)

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