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Deals of the day-Mergers and acquisitions
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Deals of the day-Mergers and acquisitions
Jul 1, 2024 3:32 AM

July 1 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 10:00 GMT on Monday:

** Metro Pacific Tollways, an affiliate of Philippines'

Metro Pacific Investments ( MPCFF ), said it will, together

with global investment firm, GIC, take up a 35% stake worth $1

billion in a unit of Indonesian toll road operator, PT Jasa

Marga (Persero).

** South African pharmacy chain Clicks Group said

it would sell drug maker Unicorn Pharmaceuticals to comply with

a court ruling, clearing the way for the health ministry to

issue the company with licences for new stores.

** BlackRock ( BLK ) has agreed to buy UK data firm Preqin

for 2.55 billion pounds ($3.23 billion) in cash in a further

expansion by the world's biggest asset management company into

alternative investments.

** Boeing ( BA ) agreed to buy back Spirit AeroSystems ( SPR )

for $4.7 billion in stock and Airbus moved to take on

the supplier's loss-making Europe-focused activities in return

for hundreds of millions of dollars of compensation in a rare

coordinated move.

** French private equity firm PAI Partners teamed up with

Spanish peer Inveready to make an offer to buy Spain's fifth

largest telecom company Avatel, Expansion newspaper reported

citing unidentified market sources.

** Indonesia's Delta Dunia Group plans to grow

through acquisitions, backed by strong support from its lenders,

after it completed the $122.4 million purchase of Atlantic

Carbon Group, director Iwan Salim said.

** Google said it has taken a stake in Taiwan's

New Green Power and could buy up to 300 megawatts of renewable

energy from the BlackRock ( BLK ) fund-owned firm to help cut

its carbon emissions and those of suppliers.

(Compiled by Rajarshi Roy and Sneha S K in Bengaluru)

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