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Deals of the day-Mergers and acquisitions
Feb 13, 2025 3:24 AM

Feb 13 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on

Thursday:

** AsiaPak Investments, a private investment firm with

operational assets in Pakistan and Hong Kong, and Middle Eastern

oil and gas company Motange Oil have submitted a bid to acquire

a 75.01% stake in Lotte Chemical Pakistan Ltd (LOTT.PSX),

according to a notice filed by Arif Habib Ltd (ARIF.PSX), the

manager to the offer, with the Pakistan Stock Exchange.

** Polish state-owned fund PFR has dropped its plan to bid

for Spanish train manufacturer Talgo after the Spanish

government opposed the move, Expansion newspaper reported,

citing unnamed market sources.

** Privately owned U.S. oil and gas producer Validus Energy

has struck a deal to buy rival 89 Energy III for about $850

million, including debt, sources familiar with the matter told

Reuters.

** Buyout firm Warburg Pincus has clinched a deal to acquire

Vermont Information Processing, which makes software for

beverage distributors, for about $1 billion including debt,

according to people familiar with the matter.

(Compiled by Rajarshi Roy in Bengaluru)

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