June 11 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1945 GMT on Tuesday:
** KKR & Co ( KKR ) has agreed to buy a "significant"
minority stake in Quick Quack Car Wash, the investment firm told
Reuters and sources familiar with the deal said KKR would pay
$850 million.
** Italian energy company Eni said it had launched
an accelerated bookbuilding procedure to sell 10% of the share
capital of oilfield group Saipem.
** Insurance brokerage firm Marsh McLennan's ( MMC ) unit
Mercer has agreed to buy Cardano, a London-based pension fund
manager that oversees $66 billion of assets, to widen its
foothold in the UK market.
** Italy's Snam is in talks with suitors over the
sale of its 23.7% stake in Interconnector, the company that owns
and operates the gas pipeline between Britain and Belgium, the
CEO of the Italian gas grid operator said.
** Singapore-based consumer group Tolaram agreed to buy
Diageo's ( DEO ) 58.02% shareholding in Guinness Nigeria
and enter into long-term licence and royalty
agreements, the Nigerian brewer said in a statement.
** British Airways owner IAG has again offered
remedies to the European Commission aimed at securing EU
approval of its takeover of Spain's Air Europa.
** Spain's stock market supervisor said it has started
assessing BBVA's 12.28 billion euro ($13.19 billion)
hostile takeover bid for Sabadell, a potential tie-up
that Madrid opposes.
** Spanish holding company Criteria said it sold a 2.64%
stake in mobile phone mast operator Cellnex for 613
million euros ($660.02 million) in a private placement.
** IndiGo airline's biggest shareholder will sell a 2% stake
worth $394 million in the low-cost Indian carrier, per a term
sheet seen by Reuters, marking its first such sale in at least
four years during which the company's stock has soared.
** Private equity firm Bain Capital has offered to buy
Australia's Bapcor in a A$1.83 billion ($1.21 billion)
deal, which analysts said could draw attention of more suitors
to the struggling auto parts retailer.
** Spanish holding firm Criteria said on Monday it had not
reached an agreement with Abu Dhabi's TAQA over a
potential joint takeover bid for Spanish gas firm Naturgy
.
** Mining giant Rio Tinto said it will buy
Mitsubishi Corp's ( MSBHF ) 11.65% stake in Boyne Smelters (BSL)
for an undisclosed sum.
** Buyout firm Apollo Global and Kyndryl Holdings ( KD )
, the information technology services provider that was
spun out of IBM ( IBM ), are in talks about a joint bid for DXC
Technology ( DXC ), people familiar with the matter said on
Monday.
(Compiled by Rajarshi Roy and Sourasis Bose in Bengaluru)