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Deals of the day-Mergers and acquisitions
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Deals of the day-Mergers and acquisitions
Dec 4, 2024 3:12 AM

Dec 4 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on

Wednesday:

** Vodafone Group will sell its remaining 3% stake in

India's Indus Towers, the British telecom group said.

** U.S.-based vaccine maker Novavax ( NVAX ) said it will

sell its manufacturing facility in the Czech Republic to Wegovy

maker Novo Nordisk for $200 million and use the

proceeds for its vaccine pipeline.

** UK's Learning Technologies Group (LTG) agreed to

be acquired by U.S. private equity firm General Atlantic in a

deal which values the company at about 802.4 million pounds

($1.02 billion).

** Italian insurance company Assicurazioni Generali

has agreed to sell its fully-owned Philippine unit,

Generali Life Assurance Philippines, to local firm Insular Life

Assurance Company, it said.

** Crescent Energy ( CRGY ) said on Tuesday it would acquire

Carnelian Energy Capital-backed Ridgemar Energy's assets in the

Eagle Ford basin in Texas for a cash-and-stock deal of $905

million, further strengthening its position in the basin.

(Compiled by Rajarshi Roy and Aamir Sohail in Bengaluru)

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