July 31 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Wednesday:
** Egyptian microfinance lending and payments company
MNT-Halan's recent purchase of Turkey's biggest nonbank
microleasing company will help develop its factoring business in
Egypt while expanding consumer credit in Turkey, its chief
executive said.
** Kuwaiti lenders Boubyan Bank and Gulf Bank
are weighing a merger to create a single Islamic bank
with $53 billion in assets as part of a plan to fuel growth and
expansion.
** French bank Societe Generale said it had agreed
to buy a 75% stake in Reed Management, an alternative asset
management company dealing in the energy sector.
** French group Veolia said it had agreed to sell
its sulfuric acid regeneration business in North America to
private equity firm American Industrial Partners for an
enterprise value (EV) of $620 million.
** Australian dental care firm Pacific Smiles ( PCSGF ) said
that private equity firm Genesis Capital's near $200 million
buyout offer was superior to one from National Dental Care
(NDC), which had one more day to top that bid.
** Stellantis ( STLA ) has no intention of selling its
luxury vehicle business Maserati or aggregating the unit with
other Italian luxury groups, the Jeep maker said.
** Pipeline operator TC Energy ( TRP ) said it will sell a
minority stake in its Canadian natural gas pipeline system to
Indigenous communities for C$1 billion ($722.1 million) as part
of a plan to reduce debt and fund investments.
** Private equity firm Blackstone is in early-stage
talks to acquire Retail Opportunity Investments Corp ( ROIC )
, which owns U.S. shopping centers and has a market
value of close to $2 billion, according to people familiar with
the matter.
** Former Warner Music chairman Edgar Bronfman Jr. is still
in talks with bankers about a potential bid for Paramount
Global's ( PARAA ) parent, National Amusements, Axios reported,
citing sources.
** Vista Outdoor ( VSTO ), which is in the process of
selling its ammunition unit, said it was open to selling its
outdoor sporting gear business and expecting an increased bid
for the whole company from MNC Capital.
** Jazz Aviation owner Chorus Aviation ( CHRRF ) said it
would sell its regional aircraft leasing segment for about $1.9
billion to investment fund manager HPS Investment Partners LLC,
in order to reduce its debt.
** Pennsylvania Governor Josh Shapiro said that he cannot
support Nippon Steel's ( NISTF ) bid to buy U.S. Steel in
its current form because the United Steelworkers union is
unhappy with the merger.
(Compiled by Rajarshi Roy and Harshita Mary Varghese in
Bengaluru)