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Deals of the day-Mergers and acquisitions
Dec 16, 2024 3:52 AM

Dec 16 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1100 GMT on Monday:

** U.S. specialty vehicle manufacturer Shyft Group ( SHYF )

and Switzerland-based Aebi Schmidt will merge in an all-stock

deal, the companies said.

** Czech billionaire Daniel Kretinsky's EP Group said it

agreed to certain terms with the UK government for its takeover

of Royal Mail's parent, paving the way for a green light on the

tightly-scrutinised deal.

** Thai tourism group Minor International has

offered to buy out minority shareholders of Spain's Minor Hotels

Europe & Americas, the Spanish company said late on

Friday.

** German insurer Allianz has withdrawn its offer

to acquire at least 51% of Singapore's Income Insurance for

about $1.63 billion, the company said in a statement on Monday.

** Singapore's Capitaland Investment said on

Monday that it will acquire Australian investment manager

Wingate Group's property and corporate credit investment

management business for A$200 million ($127.32 million), in

addition to an earn-out.

** UniCredit on Friday filed its buyout offer for

rival Banco BPM with Italy's market regulator, and CEO

Andrea Orcel said the price was adequate.

** Singapore-based real estate investment management firm

Wee Hur Holdings said that it has agreed to sell its

student accommodation portfolio to U.S.-headquartered real

estate asset manager Greystar for a gross price of A$1.6 billion

($1.02 billion).

(Compiled by Rajarshi Roy and Kritika Lamba in Bengaluru)

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