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Deals of the day-Mergers and acquisitions
Jul 3, 2024 3:13 AM

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)

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