Sept 24 (Reuters) - The following bids, mergers,
acquisitions, and disposals were reported by 0930 GMT on
Tuesday:
** KKR & Co ( KKR ) and Singaporean 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.
** Swiss duty-free retailer Avolta said it would
acquire 100% of Free Duty from Hong Kong-based NWS Holdings ( NWSZF )
.
** Shares of Miniso Group Holding ( MNSO ) plunged as much
as 39.2% to HK$20 ($2.57) after the company said it would take a
stake in embattled Chinese supermarket operator Yonghui
Superstores.
** 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 11.4 million pounds ($15.22
million) to institutional investors, bookrunner Barclays
said.
** UK engineering firm Smiths Group ( SMGKF ) said it was
acquiring U.S.-based Modular Metal Fabricators and Canada's
Wattco for up to 110 million pounds ($146.89 million), in a bid
to expand its global presence.
** Britain's NewRiver REIT will buy smaller rival
Capital & Regional Plc ( CRPLF ) in a stock-and-cash deal valued
at about 147 million pounds ($196.1 million), the shopping
centres and retail parks owner said.
** United Arab Emirates' renewable energy company Masdar
said it has reached an agreement to buy green energy firm Saeta
Yield from Canada's Brookfield in a deal valuing the
company at $1.4 billion.
** The U.S. Federal Trade Commission is expected to
greenlight U.S. oil producer Chevron's ( CVX ) purchase of Hess
as soon as this week, two people familiar with the
matter said, leaving Exxon Mobil's ( XOM ) challenge to the $53
billion deal as its final hurdle.
** California Bank & Trust, a unit of Zions Bancorporation
, said on Monday it plans to acquire four branches of
FirstBank in Palm Desert and Indio to expand its presence in the
state's Coachella Valley.
(Compiled by Rajarshi Roy and Pooja Menon in Bengaluru)