** Influential labour representatives are open to private
equity players taking a stake in Thyssenkrupp's warship division Marine Systems (TKMS) and will set up a
committee in the coming days to join the negotiation process.
** U.S. chipmaker Broadcom's Chief Executive Hock
Tan will try to convince EU antitrust enforcers that his
proposed $61 billion bid for cloud computing firm VMware , which has triggered scrutiny on both sides of the
Atlantic, is pro-competitive.
** Mubadala Investment Company, Abu Dhabi's second biggest sovereign wealth fund, has sold its 7.6% stake in Abu Dhabi Islamic Bank to a unit of investment firm National Holding, they said in a joint statement.
** Spain's Santander has agreed to sell a portfolio of distressed loans with a gross value of 1.1 billion euros ($1.21 billion) to U.S. private equity fund Cerberus and real estate loan manager Axactor, Expansion reported.
** Spain's Applus confirmed it received non-binding offers from investors to acquire the company after Reuters reported buyout funds Apollo and Apax, among other potential bidders, were interested in a takeover.
** Ithaca Energy Plc said it signed an agreement with Shell UK to market the oil major's 30% stake in the Cambo oil prospect in the British North Sea.
** An investor group holding over 8% of GAM is thinking of rejecting the recent takeover offer made by Liontrust, it said in a press release.
** Ant Group Co Ltd is considering selling its stake in its virtual banking unit in Hong Kong, Bloomberg News reported, citing people familiar with the matter.
** Australia's competition regulator said it has declined to reauthorise an agreement between Virgin Australia and Alliance Aviation Services to jointly provide fly-in and fly-out (FIFO) services to their corporate clients.
** Telecom Italia (TIM) said on Thursday it was unhappy with sweetened bids submitted by suitors for its fixed network, and set a final deadline of June 9 to receive an improved offer from at least one of the bidders.
** Bankrupt crypto exchange FTX received U.S. bankruptcy court permission on Thursday to sell its LedgerX business for $50 million, raising additional funds to repay creditors.
** Russia's second-largest oil producer Lukoil said on Thursday its subsidiary LITASCO had completed the sale of the ISAB oil refinery in Sicily to Cypriot private equity firm G.O.I. Energy following approval by Italian authorities.
** Italy's OTB said on Thursday it acquired a majority stake
in leather goods manufacturer Frassineti, long-term supplier of
the Jil Sander brand that the fashion group owns.
(Compiled by Rajarshi Roy and Jaiveer Singh Shekhawat in
Bengaluru; Editing by Janane Venkatraman)
