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Deals of the day-Mergers and acquisitions
Jun 18, 2024 3:12 AM

June 18 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Tuesday:

** Shell has agreed to buy Singaporean liquefied

natural gas (LNG) company Pavilion Energy from global investment

company Temasek in a move the oil major said will strengthen its

leadership position in LNG, according to statements.

** TA Associates is preparing to put Netrisk Group, one of

Hungary's largest price comparison companies, up for sale, three

people familiar with the matter told Reuters.

** South African insurer Sanlam will buy a 60%

stake in MultiChoice's insurance business for 1.2

billion rand ($66 million) in cash upfront and a potential

performance-based earn-out of up to 1.5 billion rand, the groups

said.

** Blackstone launched a 275.8 billion yen ($1.74

billion) bid to take Japanese digital comic distributor Infocom ( IFFOF )

private, including a tender offer for a per-share price

of 6,060 yen, Infocom ( IFFOF ) said.

** French industrial group Seche Environnement has

agreed to buy Singapore's ECO Industrial Environmental

Engineering for around S$605 million ($447.4 million), according

to a statement by the company dated Monday.

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

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