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Deals of the day-Mergers and acquisitions
Oct 21, 2024 5:55 AM

Oct 21 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Monday:

** China's state-owned CITIC Ltd ( CTPCF ) has agreed to

sell its 19.23% stake in Fast Food Holdings, the company behind

McDonald's China and Hong Kong operations, to Trustar Fast Food

Holdings for $430.3 million.

** Polish software firm TTMS is planning a European

acquisition in 2025, focusing on Scandinavia, Germany, and

Switzerland, while takeovers in the U.S. will probably be

conducted in 2026-27, its CEO Sebastian Sokolowski said on a

press call.

** Shares in Dutch coffee maker JDE Peet's surged

more than 16% after German conglomerate JAB said it will

increase its majority stake to 68% by acquiring all of

Mondelez's ( MDLZ ) shares in a 2.2 billion euro ($2.4 billion)

deal.

** Swedish investment firm EQT AB has formed a

consortium with Neuberger Berman Private Markets and Canada

Pension Plan Investment Board (CPPIB) to acquire international

schools operator Nord Anglia Education for $14.5 billion, it

said.

** Norway's largest bank DNB has agreed to buy

Swedish investment bank and asset manager Carnegie from private

equity firm Altor and minority owners for around 12 billion

Swedish crowns ($1.14 billion), it said.

** Adar Poonawalla, CEO of vaccine maker Serum Institute of

India, will buy a 50% stake in filmmaker Karan Johar's Dharma

Productions for 10 billion rupees ($119 million), the Bollywood

studio said.

** French drugmaker Sanofi said it had entered

exclusive talks to sell a 50% controlling stake in its consumer

health business Opella to U.S. private equity firm Clayton

Dubilier & Rice (CD&R).

** New York-based insurer MetLife Inc ( MET ) is in advanced

talks to buy PineBridge Investments' assets outside of China in

a deal that could be valued at $1 billion to $1.5 billion,

Bloomberg News reported.

** UBS is offloading part of the Credit Suisse

business it acquired last year, with a deal to sell the fallen

bank's 50% stake in credit card provider Swisscard.

(Compiled by Rajarshi Roy and Rishi Kant in Bengaluru)

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