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Deals of the day-Mergers and acquisitions
Aug 7, 2024 2:48 AM

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

acquisitions and disposals were reported by 0930 GMT on

Wednesday:

** U.S. private equity firm KKR&Co ( KKR ) plans to help

Japan's Fuji Soft go private under a management buyout

worth about $4.09 billion, the Nikkei website said.

** British ad group WPP ( WPP ) is selling its controlling

stake in financial PR agency FGS Global to minority shareholder

KKR for $775 million in cash, which it will use to reduce debt.

** Sweden's EQT said it will acquire a majority

stake in Swiss cybersecurity and data protection company

Acronis.

** Saudi Aramco will buy from Japan's Sumitomo

Chemical ( SOMMF ) a 22.5% stake in their petrochemical joint

venture Petro Rabigh for $702 million, the companies said,

outlining a turnaround strategy for the loss-making firm.

** Thoma Bravo is exploring options including a potential

sale of Cority that it hopes will value the sustainability

compliance software maker at about $2 billion, including debt,

according to people familiar with the matter.

** Italy won't use special powers designed to shield assets

deemed of strategic value for the country in relation to

Vitol-backed VTTI's acquisition of Adriatic LNG, Italy's biggest

liquefied gas terminal, two sources with knowledge of the matter

said.

** Canadian public pension fund OMERS and DWS Group

reached a deal to acquire Grandi Stazioni Retail, the

two investors said on Tuesday.

(Compiled by Rajarshi Roy and Priyanka.G in Bengaluru)

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