Deals of the day-Mergers and acquisitions

  • Reuters
  • Stock Market News
Deals of the day-Mergers and acquisitions
Credit: © Reuters.

(Adding Refinitiv, Eurobank, Hikma Pharmaceuticals )

June 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Boehringer Ingelheim, a major shareholder in Hikma Pharmaceuticals HIK.L , is exiting the London-listed drugmaker by selling most of its nearly one billion pound stake to institutional investors and the rest back to the company, Hikma said. Eurobank's EURBr.AT loan servicing unit FPS, which is being bought by Italian debt recovery firm doValue DOVA.MI , will be renamed doValue-Greece, Eurobank said. European Union antitrust regulators warned about the possible anti-competitive effects of the London Stock Exchange's $27 billion bid for data and analytics company Refinitiv as they launched a four-month investigation into the deal. Australian copper miner OZ Minerals OZL.AX said it would buy base metals explorer Cassini Resources CZI.AX , raising its stake in Australia's largest undeveloped nickel-copper deposit, West Musgrave, to complete control from 70%. Virgin Australia Holdings Ltd's VAH.AX administrator said that it had received final offers for Australia's second-biggest airline from Bain Capital and Cyrus Capital Partners and that it hoped to select a preferred bidder by June 30. French group Mediawan MDW.PA announced on Monday a raft of deals, including the acquisition of Lagardere Studios, as part of a broader expansion laid out by its founders, who will also establish a new holding company for the business. Japanese power generator JERA said it has agreed with France's state-owned investment firm ADEME Investissement and French floating wind technology supplier Ideol on key terms for forming a joint venture to develop floating offshore wind farms. South Africa's Omnia Holdings OMNJ.J said it is in talks to sell its Oro Agri division as part of the chemicals and fertiliser maker's turnaround and restructuring plans. Mining and metals company Eramet ERMT.PA has put its steel unit Aubert & Duval up for sale, and the sale could attract French aerospace group Safran SAF.PA , French paper La Tribune reported on its website. Japan's Toshiba Corp 6502.T said it planned to sell its 40.2% stake in flash memory chips firm Kioxia Holdings and will return a majority of the net proceeds to shareholders.

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