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Deals of the day-Mergers and acquisitions
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Deals of the day-Mergers and acquisitions
Dec 11, 2024 2:55 AM

Dec 11 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on

Wednesday:

** Danish financial technology company Ageras said it had

received approval from French banking watchdog ACPR to acquire

Shine, the digital banking unit of Societe Generale.

** German online retailer Zalando said it had

struck a deal to buy rival fashion group About You for

1.1 billion euros ($1.2 billion), as part of plans to create a

pan-European e-commerce platform.

** Indonesian telcos XL Axiata, Smartfren Telecom

and its unit Smart Telcom (SmartTel) have agreed to

merge to create an entity with an enterprise value of 104

trillion rupiah ($6.5 billion), the companies said.

** Denmark's Orsted said it has agreed to sell a

50% stake in its Greater Changhua 4 offshore wind farm to

Taiwan's Cathay Life Insurance for about 11.6 billion Danish

crowns ($1.64 billion).

** U.S. private equity firm Bain Capital is set to raise its

offer price for Japan's Fuji Soft to 9,600 yen ($63.35)

per share, the Nikkei newspaper reported, trumping a recently

increased tender offer bid from rival KKR.

** Story3 Capital Partners has offered to take scrubs maker

Figs private, the private equity firm's spokesperson

said on Tuesday, citing questionable growth and margin

improvement.

** Norton and Avast owner Gen Digital ( GEN ) has agreed to

buy fintech firm MoneyLion ( ML ) in an all-cash deal valued at

about $1 billion to beef up its consumer finance offerings, the

companies said on Tuesday.

** Walgreens is in talks to sell itself to private

equity firm Sycamore Partners, WSJ reported on Tuesday, citing

people familiar with the matter.

(Compiled by Rajarshi Roy and Kamal Choudhury in Bengaluru)

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