Deals of the day-Mergers and acquisitions

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds Intercontinental Exchange, Petrobras) March 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2050 GMT on Thursday:



** The U.S. Federal Trade Commission said it would take action aimed at stopping New York Stock Exchange parent Intercontinental Exchange from acquiring mortgage data vendor Black Knight in a $13.1 billion deal.
** A Brazilian senator called for a Congressional investigation into the sale of a Petrobras refinery to United Arab Emirates' Mubadala Capital, citing a suspected link to jewelry given to former President Jair Bolsonaro.
** French tyre maker Michelin has shelved plans to sell its Russian business to its local management and is now in discussions with a local player, a company spokesperson said, adding Michelin hoped to reach an agreement "soon".
** Startup-focused lender SVB Financial Group has cut its 2023 outlook, is selling assets and has embarked on a $1.75 billion share sale to shore up its balance sheet as rising interest rates put pressure on the company and its customers.
** Italy's biggest utility Enel Spa said it will sell its Romanian operations to Greece's Public Power Corp (PPC) for 1.26 billion euros ($1.33 billion) as part of efforts to cut debt and focus on cleaner energy.
** South Korean's IMM Private Equity has drawn interest from funds including KKR & Co , MBK Partners and Brookfield Asset Management for a minority stake in local industrial gas company AirFirst which it aims to sell for $1 billion, three people with knowledge of the deal said.
** British events organiser Informa said it will acquire business-to-business events group Tarsus for $940 million, and projected 2023 revenue to be closer to pre-pandemic levels helped by a recovery in China.
** Jio Platforms, owned by Indian conglomerate Reliance Industries Ltd , will buy communications equipment maker Mimosa Networks for $60 million to bolster its expanding 5G and broadband services, the companies said.
** Bankrupt crypto lender Celsius Network on Wednesday revealed that it was speaking to another potential buyer and will seek additional bids, despite having an offer in hand from asset manager NovaWulf Digital Management.
** Uber Technologies Inc is exploring whether to spin off its Uber Freight logistics unit in a sale or as a separate publicly traded firm, Bloomberg News reported on Wednesday, citing people familiar with the matter. (Compiled by Rajarshi Roy, Khushi Mandowara and Arshreet Singh in Bengaluru)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.