financetom
Business
financetom
/
Business
/
Deals of the day-Mergers and acquisitions
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Vietnam parliament moves to curb tax breaks favouring e-commerce giants
Vietnam parliament moves to curb tax breaks favouring e-commerce giants
Nov 26, 2024
HANOI, Nov 26 (Reuters) - Vietnam's parliament on Tuesday approved changes to a tax law to require local operators of foreign e-commerce platforms to pay Value-Added Tax (VAT), while calling on the government to scrap a tax exemption for low-cost imported goods. The move by legislators will be a blow to the foreign-dominated e-commerce industry, which has benefited from VAT...
ING Comments on  Euro, Sweden's Krona
ING Comments on Euro, Sweden's Krona
Nov 26, 2024
06:07 AM EST, 11/26/2024 (MT Newswires) -- That Europe wasn't mentioned in the United States incoming President Donald Trump's first tariff post could perhaps be welcome news in the eurozone, said ING. Yet European policymakers will remain fearful that it will just be a matter of time before Trump turns his attention to the European auto sector or tariffs more...
Market Chatter: Google, Meta Ask Australian Government to Delay Bill Banning Children From Social Media
Market Chatter: Google, Meta Ask Australian Government to Delay Bill Banning Children From Social Media
Nov 26, 2024
06:03 AM EST, 11/26/2024 (MT Newswires) -- Alphabet's (GOOGL) Google ( GOOG ) and Meta Platforms ( META ) are asking the Australian government to delay a bill that will ban the use of most forms of social media for children under 16, Reuters reported Tuesday. The companies are asking for more time to reassess the potential impact of the...
Barclays to Open Private Bank Booking Center in Singapore
Barclays to Open Private Bank Booking Center in Singapore
Nov 26, 2024
06:06 AM EST, 11/26/2024 (MT Newswires) -- Barclays ( JJCTF ) said Tuesday that it plans to build a private bank booking center in Singapore that would be operational by 2026. The new booking center will have wealth management offerings with the ability to book assets locally, as well as quasi-institutional investment products, Barclays ( JJCTF ) said. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved