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Deals of the day-Mergers and acquisitions
Jun 17, 2024 3:06 AM

June 17 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Monday:

** Australia's Macquarie Group ( MCQEF ) said that a

consortium led by its asset management arm has agreed to divest

a 37.5% stake in an offshore wind farm in the UK to Norges Bank

Investment Management for about 330 million pounds ($418.2

million).

** Norway's sovereign wealth fund has bought a 37.5% stake

in the 573 megawatts operational wind farm Race Bank offshore

Britain for 330 million pounds ($418 million), it said.

** Private equity firm CVC Capital Partners is in

talks with public investment bank Bpifrance to jointly buy a

minority stake in tourism and travel company Club Med from

China's Fosun, French newspaper La Lettre reported.

** Finnish insurer Sampo has agreed to buy

Topdanmark ( TPDNF ) in an all-share deal that values the Danish

rival at 33 billion crowns ($4.73 billion), the two companies

said.

** Hong Kong-listed L'Occitane International said

Chairman Reinold Geiger has offered minority shareholders an

alternative to his existing $1.8 billion cash takeover offer as

he pursues to take the skincare firm private.

** Activist investor Starboard Value has bought a roughly

$500 million stake in Autodesk ( ADSK ) and is pushing for

changes at the design-software maker, the Wall Street Journal

reported on Sunday, citing people familiar with the matter.

** Fisher Investments on Sunday said U.S.-based private

equity firm Advent International and a unit of the Abu Dhabi

Investment Authority (ADIA) have agreed to acquire a minority

stake in the money-management firm valuing it at $12.75 billion.

(Compiled by Rajarshi Roy and Arasu Kannagi Basil in Bengaluru)

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