Jan 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday: Beazley (BEZG.L) on Thursday rejected a 7.67-billion-pound ($10.3 billion) takeover offer from Zurich Insurance (ZURN.S) as materially undervaluing the UK speciality insurer, adding it was lower than another proposal the group turned down last year. Swedish private equity firm EQT (EQTAB.ST) will buy British investment firm Coller Capital for $3.2 billion, the two companies said on Thursday, marking EQT’s entry into the rapidly growing secondary market. British insurer Prudential (PRU.L) said on Thursday it had agreed to buy an additional 19% stake in Sri Han Suria, the holding company that owns Prudential Assurance Malaysia, for around 1.52 billion ringgit ($376.61 million).
ArcelorMittal South Africa (ACLJ.J) said on Thursday it was in advanced talks with the state-owned Industrial Development Corporation (IDC) that could lead to a potential transaction.
Holcim (HOLN.S) plans to make around 15 acquisitions in 2026, CEO Miljan Gutovic told Reuters at the World Economic Forum in Davos, maintaining the pace of the building materials company’s M&amp;A drive.
French telecoms operators Orange (ORAN.PA) , Bouygues Telecom (BOUY.PA) and Iliad-owned Free said on Thursday they were in ongoing talks with Altice Group to buy a large part of its telecommunications activities in France. Azerbaijan’s state oil and gas company SOCAR has signed an agreement with Italy’s Eni (ENI.MI) to acquire a 10% stake in the Baleine offshore oil and gas field in the Ivory Coast, the two companies said on Thursday. Telenor (TEL.OL) said on Thursday it would sell its 30.3% stake in Thailand’s True Corporation (TRUE.BK) for 39 billion Norwegian crowns ($3.92 billion), its second divestment from Asia in recent months, lifting the Norwegian group’s shares 8%. U.S. insurance broker Trucordia announced that it has acquired Dunedin-based Florida Insurance.

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On January 22, several significant mergers and acquisitions were reported. Beazley rejected a £7.67 billion takeover offer from Zurich Insurance, citing undervaluation. EQT is set to acquire Coller Capital for $3.2 billion. Prudential will buy an additional 19% stake in Sri Han Suria for approximately $376.61 million. ArcelorMittal South Africa is in talks with the IDC for a potential deal. Holcim plans 15 acquisitions by 2026. Telecom operators are negotiating with Altice Group for its French assets. SOCAR will acquire a 10% stake in the Baleine field from Eni, and Telenor will sell its stake in True Corporation for $3.92 billion.

Deals of the day-Mergers and acquisitions