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Deals of the day-Mergers and acquisitions
Apr 3, 2024 3:17 AM

April 3 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Wednesday:

** Abu Dhabi alternative investor Lunate said it acquired a

40% stake in Abu Dhabi National Oil Company's oil pipeline

infrastructure assets from BlackRock and KKR.

** The union representing employees of United States Steel ( X )

on Tuesday said it would not support Japanese firm Nippon

Steel's ( NISTF ) draft agreement to gain support for its

takeover of the U.S. company.

** Azimut will sell all of its stake in private

credit fund Kennedy Lewis to Goldman Sachs' private equity unit

Petershill Partners, the Italian asset manager said.

** Singapore Telecommunications (Singtel) ruled

out any impending deal to sell its Australian mobile network

operation Optus following reports that talks for a potential

stake divestment had fallen off.

** Danish biotech Genmab ( GMAB ) has agreed to buy U.S.

cancer drug maker ProfoundBio for $1.8 billion, the two

companies said.

** French car manufacturer Renault announced that

shipping group CMA CGM officially joined Flexis, its partnership

with Volvo Group on electric vans.

** Austria's central bank chief said there was a "tail risk"

in a plan by Raiffeisen Bank International to buy a stake in

Austrian building company Strabag with funds currently tied up

in Russia and only Raiffeisen can judge if such a risk is worth

taking.

** Clariant completed the $810 million acquisition

of Canada's ingredients and cosmetics maker Lucas Meyer

Cosmetics from International Flavors & Fragrances ( IFF ), the

Swiss specialty chemicals firm said.

** Australia's Azure Minerals ( AZRMF ) said the country's

Foreign Investment Review Board (FIRB) extended a deadline for

approving SQM and Hancock Prospecting's A$1.7 billion

($1.11 billion) offer for the lithium developer.

** U.S. private equity firm Clayton Dubilier & Rice (CD&R)

said on Tuesday it had agreed to acquire a majority ownership

position in information technology provider Presidio from

UK-based BC Partners.

** Private equity firm EQT said on Tuesday it has

agreed to buy compliance software maker Avetta from Welsh,

Carson, Anderson & Stowe (WCAS).

(Compiled by Rajarshi Roy in Bengaluru)

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