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Deals of the day-Mergers and acquisitions
Jul 17, 2024 3:10 AM

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

acquisitions and disposals were reported by 0930 GMT on

Wednesday:

** GitLab ( GTLB ), a U.S. provider of cloud-based software

development tools whose investors include Google parent Alphabet

, is exploring a sale after attracting acquisition

interest, according to people familiar with the matter.

** Spanish fund Asterion has agreed to buy 49% of a holding

company that owns several Italian airports from France's Ardian

and Credit Agricole Assurance, including a stake in the Milan

airports' operator, two sources said.

** Spain's Criteria, the investment arm of the La Caixa

foundation, is considering teaming up with Czech train maker

Skoda in its bid for Talgo, Cinco Dias newspaper

reported, citing unidentified sources close to the Skoda offer.

** EssilorLuxottica has agreed to buy streetwear

brand Supreme from VF Corporation ( VFC ) for $1.5 billion, both

companies said, marking the first acquisition of an apparel

company for the French-Italian eyewear maker.

** Spanish fund Asterion will invest in Italian airports

after agreeing to buy 49% of a holding company that controls the

Naples and Turin airports among others from France's Ardian and

Credit Agricole Assurance, sources close to the matter said.

** German insurer Allianz said that it was

planning to buy a majority stake in Singapore's Income Insurance

for about $1.6 billion to strengthen its foothold in Asia.

** French retailer Fnac Darty on Tuesday offered

to buy Italy's Unieuro for around 249 million euros

($271 million) to create a market leader in consumer electronics

and domestic appliances in southern and western Europe.

** Pernod Ricard said it agreed to sell the

majority of its wine portfolio to the owners of Australia's

Accolade Wines, disposing of a dragging division to focus on its

core business of spirits.

(Compiled by Rajarshi Roy and Pritam Biswas in Bengaluru)

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