Sept 3 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Tuesday:
** California-based investment firm Clearlake Capital Group
said it would buy pan-European private credit specialist MV
Credit from asset manager Natixis Investment Managers.
** Taiwan's Shin Kong Financial said that it sees
Taishin as its preferred bidder despite having
received a higher $4.1 billion offer from CTBC Financial
.
** U.S. gene sequencing company Illumina ( ILMN ) won its
court fight against the European Union's investigation of its
$7.1 billion purchase of cancer diagnostic test maker Grail
, a ruling set to curb Brussels' merger powers.
** Spanish bank BBVA said Britain's Prudential
Regulation Authority has approved it taking indirect control of
Sabadell's TSB.
** South Africa's biggest grocery retailer Shoprite
, has agreed to sell its furniture business including
the OK Furniture and House & Home brands to discount retailer
Pepkor, the companies said.
** U.S. buyout fund Bain Capital has made a counter-offer to
buy Japanese software developer Fuji Soft, estimated at
about 600 billion yen ($4.1 billion) that would exceed a rival
offer from equity fund KKR.
** CapitaLand Integrated Commercial Trust will
acquire a 50% stake in Singapore's ION Orchard mall for an
agreed property value of S$1.85 billion ($1.42 billion), the
real estate investment trust said.
** REA Group ( RPGRF ), the property listings company
majority owned by News Corp ( NWSA ), is considering buying
Rightmove to create a global real estate company, the Australian
firm said on Monday, sending the British housing portal's shares
soaring.
** Private equity giant Blackstone has agreed to buy
an 80% stake in a European warehouse portfolio run by landlord
Burstone, the latest push by the U.S. investment
manager into warehouses that have boomed alongside the rise of
e-commerce.
** U.S. power equipment maker GE Vernova ( GEV ) said on
Monday it has acquired the remaining ownership stake in a Saudi
gas turbine producing joint venture from state-owned Dussur.
** French train maker Alstom said on Monday it had
completed the sale of its North American conventional signalling
business to Knorr-Bremse ( KNBHF ) for $690 million.
(Compiled by Rajarshi Roy and Vallari Srivastava in Bengaluru)