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Deals of the day-Mergers and acquisitions
Sep 21, 2024 11:42 PM

(Adds PJT Partners, Rogers Communications ( RCIAF ), Organon, Eneos

Holdings Updates: Alaska Airlines, Legal & General ( LGGNF ))

Sept 18 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1530 GMT on

Wednesday:

** PJT Partners ( PJT ), a boutique investment bank, has

entered into an agreement to buy Dubai-based advisory firm

deNovo Partners, which is led by ex-Morgan Stanley Banker May

Nasrallah, deNovo said in a statement on Wednesday.

** Alaska Airlines said it has completed its

$1.9 billion acquisition of Hawaiian Airlines after it reached

agreement with the U.S. Transportation Department.

** Rogers Communications ( RCIAF ) said on Wednesday it

had signed an agreement to buy Bell's 37.5% ownership stake in

Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion

($3.46 billion).

** Healthcare company Organon said on Wednesday

it has agreed to acquire skin therapy developer Dermavant, a

unit of Roivant, for up to $1.2 billion.

** Japan's biggest oil refiner Eneos Holdings ( JXHGF )

said on Wednesday its renewable energy unit has agreed to buy a

20% stake in Norway's GoliatVind floating offshore wind farm

project to gain knowledge and expertise for use in Japan.

** Legal & General ( LGGNF ) has sold its UK housebuilder

CALA Group in a deal worth 1.35 billion pounds ($1.78 billion)

to an acquisition vehicle led by U.S. private assets firm Sixth

Street Partners, as the latter steps up its European investment

drive.

** The Spanish government has authorised BlackRock ( BLK )

to take the 20% stake in power utility Naturgy it

bought when taking over investment fund GIP in January, the

Cinco Dias newspaper reported, citing sources at the Economy

Ministry.

** Saudi Basic Industries Corp (SABIC), one of the

world's biggest petrochemicals companies, said it will sell its

minority stake in Aluminium Bahrain (Alba) to Saudi

mining firm Ma'aden for around $1 billion.

** LaLiga club Girona's co-owner Marcelo Claure has bought a

10% stake in American top-flight club New York City FC, the

Major League Soccer (MLS) side said on Tuesday.

** TelstraSuper, the pension fund arm of telecom major

Telstra ( TTRAF ), said it is exploring a potential merger with

bigger peer Equip Super, which could create a combined fund with

around A$60 billion ($40.57 billion) in management.

** Australia's Titan Minerals ( TTTNF ) announced plans to

sell up to 80% stake in its Linderos copper project in Ecuador

to a unit of billionaire Gina Rinehart's Hancock Prospecting for

up to $120 million.

[nL4N3L00

(Compiled by Nathan Gomes and Rajarshi Roy in Bengaluru)

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