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Deals of the day-Mergers and acquisitions
Feb 7, 2025 3:11 AM

Feb 7 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on Friday:

** Legal & General ( LGGNF ) said it would sell its U.S.

protection business to Japan's Meiji Yasuda for $2.3 billion in

cash and said the Japanese firm would take a 5% stake in the

British insurer, in the biggest strategic move so far under CEO

António Simões.

** U.S. private equity firm Bain Capital has bought

Mitsubishi Tanabe Pharma in a deal worth 510 billion yen ($3.4

billion), saying it was encouraged by prospects of regulatory

change for Japan's drug industry.

** German consumer goods maker Henkel said it

would sell its retailer brands business in North America to an

affiliate of First Quality Enterprises, LLC.

** Japan's Mitsubishi Chemical ( MTLHF ) said it will sell

pharmaceutical subsidiary Tanabe Mitsubishi Pharma to U.S.

private equity firm Bain Capital in a deal worth 510 billion yen

($3.36 billion) as it seeks to streamline its portfolio.

** Real estate private equity firm Gaw Capital and

Singapore-based investor Patience Capital Group have completed

the acquisition of Tokyu Plaza Ginza, a prime mall in central

Tokyo, in a deal worth more than $1 billion, Gaw's Japan head

said .

** Brazilian oil company Prio is in talks to buy

the 60% stake owned by Norway's Equinor ( EQNR ) in the

Peregrino oil field, Brazilian newspaper Folha de S. Paulo

reported on Thursday, citing sources.

** Italy's fourth-largest bank BPER on Thursday

joined in a raft of takeover bids rocking the country's

financial sector, with a 4.3 billion euro ($4.46 billion)

all-share bid for Banca Popolare di Sondrio.

(Compiled by Rajarshi Roy and Padmanabhan Ananthan in

Bengaluru)

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