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Deals of the day-Mergers and acquisitions
Aug 29, 2024 9:14 AM

Aug 28 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Wednesday:

** Air France-KLM said it had completed the

acquisition of a 19.9% stake in Scandinavian airline SAS which

has emerged from Chapter 11 bankruptcy proceedings in the United

States.

** British sportswear and apparel retailer Frasers ( SDIPF )

said it has purchased a 14.65% stake in Australian sportswear

retailer Accent Group Limited.

** Japan's Seven & i Holdings ( SVNDF ) must act fast to

negotiate a takeover bid from Canada's Alimentation Couche-Tard

ATD.TO that has "historic implications", said a fund manager at

shareholder Artisan Partners Asset Management ( APAM ).

** Two bidding groups led by Blackstone and IFM Investors

lodged final offers to buy Australian data centre group AirTrunk

in a transaction worth about A$20 billion ($13.55 billion),

according to two sources with direct knowledge of the matter.

(Compiled by Rajarshi Roy and Harshita Mary Varghese in

Bengaluru)

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