July 3 (Reuters - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Wednesday:
** Germany's cabinet blocked the planned sale of Volkswagen
subsidiary MAN Energy Solutions' gas turbine
division to a Chinese company, two government sources said.
** A joint venture between Trafigura and the Frontier Group
of Companies (FGC) has completed its acquisition of the Mountain
Creek power plant from a group of financial investors for an
undisclosed sum, Trafigura said in a press release.
** British drugmaker GSK bought partner CureVac out
of their alliance on influenza and COVID-19 vaccine development,
boosting its messenger RNA credentials and extending the German
biotech company's financial lifeline.
** U.S. asset management company Artisan Investments has
taken a 10.01% stake in the Dutch healthcare technology group
Philips, according to a regulatory filing published.
** Dublin-based video game services group Keywords Studios ( KYYWF )
has agreed to a bid worth 2.2 billion pounds ($2.8
billion) from European private equity firm EQT,
saying it saw significant growth opportunities under EQT's
ownership.
** Nippon Steel's ( NISTF ) vice chairman plans to return to
the United States next week again to discuss its proposed
acquisition of U.S. Steel, a company spokesperson said.
** Shari Redstone's National Amusements has reached a
preliminary deal to sell its controlling interest in Paramount
Global ( PARAA ) to David Ellison's Skydance Media, three sources
familiar with the matter told Reuters on Tuesday.
** Blackstone and MBK Partners said the U.S. private
equity firm is selling Japanese drugmaker Alinamin
Pharmaceutical to the North Asian buyout fund.
** Vista Outdoor ( VSTO ) confirmed on Tuesday it received
additional information from MNC Capital as part of the
investment firm's efforts to acquire the sporting and outdoor
goods maker.
(Compiled by Rajarshi Roy and Sneha S K in Bengaluru)