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Deals of the day-Mergers and acquisitions
Jan 24, 2025 5:49 AM

Jan 24 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1320 GMT on Friday:

** Monte dei Paschi di Siena has launched a

13.3 billion euro ($14 billion) all-share buyout offer for

merchant bank Mediobanca, just over seven years after

Italy rescued the Tuscan bank to avert a wider crisis.

** The unit of Blackstone dedicated to

investments in the energy industry has agreed to acquire Potomac

Energy Center, the asset manager told Reuters on Thursday, in a

deal symbolizing the allure to investors of power plants sited

near data centers.

** Tata Electronics said it has bought a 60% stake in

Taiwanese contract manufacturer Pegatron's India unit that

operates an iPhone plant, beefing up the Tata group firm's

position as an Apple supplier in a fast growing market.

** Spanish defence and technology company Indra was

set to buy satellite operator Hispasat from Redeia for

650 million euros ($679 million) to expand in the space

industry, daily newspaper El Pais reported , citing unnamed

sources with knowledge of the situation.

** Commonwealth Bank of Australia ( CBAUF ) said it will

sell its remaining 5.45% stake in Bank of Hangzhou

to New China Life Insurance for gross proceeds of

about A$940 million ($593.4 million).

** Norwegian branded consumer goods group Orkla ( ORKLF )

said it had agreed to sell its hydro power portfolio in two

separate transactions for 6.1 billion crowns ($543.78 million)

in total.

** Brazilian state-run oil company Petrobras said

on Thursday that it had started the binding phase of the process

to sell its 25% stake in the offshore Tartaruga oil field,

according to a securities filing.

** Unity Partners-backed P&C insurance brokerage Tropolis

has acquired BDMH Enterprises, Follmer Insurance Services,

Madigan Pingatore Insurance Agency and R&A Insurance.

(Compiled by Rajarshi Roy and Anshuman Tripathy in Bengaluru)

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