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Deals of the day-Mergers and acquisitions
Feb 24, 2025 7:10 AM

(Adds: Apollo Global Management ( APO ), Britain's Wood Group, SALIC

Updates: Prosus, Olam Group)

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

acquisitions and disposals were reported by 1430 GMT on Monday:

** Dutch technology investor Prosus

has agreed to buy Just Eat Takewaway.com

for 4.1 billion euros ($4.3 billion) to create a "European

tech champion" of food delivery, it said.

** Alternative asset manager Apollo Global Management ( APO ) will buy real estate firm Bridge Investment Group ( BRDG )

for about $1.5 billion in an all-stock deal, expanding its

real estate offerings.

** Britain's Wood Group

is back in talks to be acquired by Dubai's Sidara,

Financial Times reported, sending shares of the oilfield

services and engineering firm up over 30%.

** Saudi Arabia's agricultural and livestock investment firm

SALIC has agreed to buy a 44.58% stake in Singapore-based Olam

Group's

agricultural products business Olam for 1.78 billion, the

companies said.

** U.S. private equity firm Bain Capital has tabled a

1.1-billion-pound ($1.39 billion) proposal to buy Chemring Group

CHG.L

, Sky News reported, sending shares of the London-listed

defence contractor up more than 16%.

** Italy's state-owned bad loan manager AMCO said that it will

buy 80% of public credit management company Exacta Group from

Eulero Capital and the Oreglia founding family.

** Britain's National Grid has reached a deal to sell its

U.S. onshore renewables business to Canadian investment firm

Brookfield Asset Management ( BAM ) for $1.74 billion including

debt, it said.

** Switzerland's Energy Infrastructure Partners (EIP) will take

a majority stake in BayWa AG's renewable energy unit

BayWa r.e. through a capital increase that will see the German

agricultural group's holding fall to 35% from 51%.

** NormanMax is to acquire London-based parametric insurtech MGA

FloodFlash in a deal that remains subject to Financial Conduct

Authority approval, sources close to the transaction told The

Insurer.

** Italian oil services company Saipem said on Sunday

that it will merge with Norwegian rival Subsea 7 ( ACGYF ) in a

deal valued at about $4.63 billion.

** Australia's Perpetual Ltd ( PPTTF ) said it has terminated its

support for a takeover deal with buyout firm KKR for its

wealth management and corporate trust businesses, after an

independent expert deemed it not in the best interests of

shareholders.

(Compiled by Rajarshi Roy and Kamal Choudhury in Bengaluru)

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