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Deals of the day-Mergers and acquisitions
Apr 8, 2024 2:55 AM

April 8 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Monday:

** Abu Dhabi investor Lunate and Saudi conglomerate Olayan

Group have agreed to acquire a 49% stake in ICD Brookfield

Place, a major commercial property in Dubai's financial centre.

** French media group Vivendi's Canal+ made an

all-cash mandatory offer to buy all the shares of South African

broadcaster MultiChoice it does not already own for 35

billion rand ($1.9 billion), both companies said.

** Private equity firm Permira has agreed to sell a majority

stake in higher education group Universidad Europea to Swedish

rival EQT, two sources familiar with the matter told

Reuters.

** UBS said its Japanese wealth management joint

venture with SuMi TRUST Wealth Management Co, will acquire

Credit Suisse's wealth management business in Japan following

the Swiss bank's absorption of its stricken rival in 2023.

** APM Human Services' ( APMHF ) top shareholder, Madison

Dearborn Partners, offered to buy the 71% of the Australian

employment services firm it does not own for A$910.4 million

($599 million), an offer the company called 'disappointing'.

** Australia's Westgold Resources ( WGXRF ) said it had

agreed to acquire Toronto-listed Karora Resources ( KRRGF ) in a

cash-and-stock deal worth about A$1.23 billion ($808.36

million), seeking its gold assets in Western Australia.

** Australian glove maker Ansell Ltd ( ANSLF ) said it will

buy the personal protective equipment unit of U.S.-based

Kimberly-Clark ( KMB ) for $640 million, and expects to complete

the acquisition in the first quarter of financial year 2025.

(Compiled by Rajarshi Roy and Anuja Bharat Mistry in Bengaluru)

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