Deals of the day-Mergers and acquisitions
On Nov 6, several significant mergers and acquisitions were reported. Turkish Airlines is set to acquire a 25% stake in Air Europa. State Bank of India plans to sell a 6.3% stake in SBI Funds Management via IPO. KKR & Co and Singapore Telecommunications are in talks to buy ST Telemedia Global Data Centres for over $3.9 billion. Mahindra & Mahindra sold its 3.5% stake in RBL Bank for $77.1 million. Qatar Airways is selling its stake in Cathay Pacific for $897 million. Nissan sold its headquarters for $643 million. Charles Schwab is expected to acquire Forge Global for up to $600 million. Pfizer is increasing its offer for Metsera, and Doxa acquired American Hole ‘n One. MFE is negotiating to buy a stake in Impresa.
Nov 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday: Turkish Airlines (THYAO.IS) has signed a deal to buy around one-quarter of Spanish carrier Air Europa, the airlines said.
State Bank of India (SBI.NS) , the country’s largest lender by assets, said it will sell a 6.3% stake in SBI Funds Management through an initial public offering, its second attempt after an earlier announcement in 2021.
KKR & Co (KKR.N) and Singapore Telecommunications (STEL.SI) are in advanced talks to buy more than 80% of ST Telemedia Global Data Centres - which would give them full ownership - for over S$5 billion ($3.9 billion), two people with direct knowledge of the plans said.
India’s Mahindra & Mahindra (MAHM.NS) sold its entire 3.5% stake in RBL Bank (RATB.NS) for 6.78 billion rupees ($77.1 million), the automaker said, marking a 62.5% return on its 2023 investment.
State-owned Qatar Airways has decided to sell its entire stake in Cathay Pacific Airways (0293.HK) for about $897 million (HK$6.97 billion), marking its complete exit from Hong Kong’s flagship airline after eight years.
Nissan Motor (7201.T) has concluded a 97 billion yen ($643 million) deal to sell and lease back its global headquarters in Yokohama, Japan, as part of its business restructuring plans, the automaker said.
Charles Schwab (SCHW.N) is expected to announce an acquisition deal for private share marketplace Forge Global (FRGE.N) in an offer valued at as much as $600 million, the Financial Times reported on Wednesday, according to two people familiar with the terms.
Pfizer (PFE.N) is preparing to sweeten its offer again for Metsera (MTSR.O) , the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
MGA platform Doxa has acquired Georgia-based provider American Hole ‘n One (AHNO) in an effort to expand prize indemnity, event promotions insurance, sports promotions insurance and hole-in-one insurance.
MFE–MediaForEurope (MFEB.MI) , the television group controlled by Italy’s Berlusconi family, is negotiating to buy no more than 33% of Portuguese media company Impresa (IMPA.LS) from the Balsemao family, Impresa said on Wednesday.
