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Deals of the day-Mergers and acquisitions
Sep 26, 2024 10:44 AM

Sept 25 (Reuters) - The following bids, mergers,

acquisitions, and disposals were reported by 0930 GMT on

Wednesday:

** The German government has ruled out increasing its stake

in Commerzbank again in the takeover dispute with

Italy's Unicredit during a meeting of the

parliamentary finance committee, lawmaker Michael Schrodi

said.

** South Korea's Hanwha Ocean said in a regulatory filing

it has halted talks to acquire Australian

shipbuilder Austal ( AUTLF ).

** British real estate portal Rightmove ( RTMVF ) rejected a

sweetened $8.1 billion takeover proposal from Australian

property listing firm REA Group ( RPGRF ), saying the increased

bid was still "unattractive".

** British homeware retailer Dunelm's ( DNEMF ) top

shareholder, Will Adderley, and his private investment firm have

sold a 4.9% stake in the company for 114 million pounds ($152.92

million) to institutional investors, bookrunner Barclays said on

Tuesday.

** KKR & Co ( KKR ) and Singapore sovereign wealth fund GIC

have appointed Bank of America ( BAC ), Jefferies, and

UBS to sell their majority stake in the Philippines'

Metro Pacific Health in a deal that could value the company at

$3.2 billion, three people with knowledge of the matter

said.

** Country Garden Services ( CTRGF ), the property services

arm of Chinese property developer Country Garden ( CTRYF ), said

it agreed to sell its 1.49% stake in Zhuhai Wanda Commercial

Management for 3.14 billion yuan ($446.54 million).

(Compiled by Rajarshi Roy and Pooja Menon in Bengaluru)

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