(Adds: Korean Air Lines, Saras, EQT Infrastructure)
May 12 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1945 GMT on Friday:
** Korean Air Lines expects EU antitrust
regulators to issue a formal warning about its bid for Asiana
Airlines by the end of May, South Korea's biggest
carrier said, raising yet another hurdle for a major deal in the
aviation industry.
** Global commodities trader Trafigura has raised its
stake in Italian refiner Saras to 12.46% from 5.23%,
the companies said, strengthening Trafigura's foothold over
Mediterranean oil flows.
** Sweden's EQT Infrastructure will take a majority
stake in Wind Tre's Italian telecoms network after agreeing to a
deal with Hong Kong's CK Hutchison valuing the
business at 3.4 billion euros ($3.74 billion), including debt,
the groups said.
** Billionaire investor Daniel Loeb is no longer exploring a
potential acquisition of SiriusPoint , according to a
regulatory filing, a month after disclosing his interest in
taking the insurance firm private.
** Swedish truck maker AB Volvo has called off
its deal to buy JMC Heavy Duty Vehicle from China's Jiangling
Motors Co because the closing conditions were not met, it said.
** Japanese online financial conglomerate SBI Holdings Inc said it would take midsize lender SBI Shinsei Bank private through a $1.1 billion tender offer,
accelerating its drive to create a major banking group.
** Toshiba Corp said it was working with Japan
Industrial Partners to quickly complete a $15-billion buyout by
the private equity firm, as the industrial conglomerate forecast
another year of weak earnings.
** Newcrest Mining Ltd said it has extended the
exclusivity period by a week for Newmont Corp to
complete its due diligence on its A$29.4 billion ($19.94
billion) final takeover offer for the Australian gold miner.
** British drugmaker GSK sold 240 million shares in
its consumer healthcare business Haleon at 335 pence per
share, raising about 804 million pounds ($1 billion), the
company said.
** Troubled Swedish real estate group SBB has sold
most of its shares in construction company JM for 2.8
billion Swedish crowns ($276 million), the company said, taking
a significant loss on a stake bought less than two years ago.
** British online retail platform THG Plc said it
has terminated talks with Apollo Global Management ,
saying there was "no merit" in discussions after it rejected the
private equity firm's latest buyout proposal.
** Advisory and forensic accounting firm Ankura Consulting
said it has acquired sovereign restructuring advisory Newstate
Partners as demand from governments grows amid economic
uncertainty. A value for the acquisition was not disclosed.
** Walgreens Boots Alliance , one of the largest U.S.
pharmacies, said on Thursday it has sold some of its shares in
drug distributor AmerisourceBergen Corp for $694 million
and would primarily use the proceeds to pay down debt.
** CI Financial Corp will sell a 20% stake in its
U.S. wealth management arm to Bain Capital LP and other
investors for C$1.34 billion ($1.0 billion), the Canadian asset
manager said on Thursday, pausing efforts to take the business
public. (Compiled by Rajarshi Roy, Pratik Jain and Aditya Samal in
Bengaluru)
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