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Deals of the day-Mergers and acquisitions
Oct 3, 2024 12:52 AM

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)

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