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Deals of the day-Mergers and acquisitions

April 20, 2022By Reuters

Adds Just Eat

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:

** Europe’s biggest meal delivery company Just Eat TKWY.AS is looking at selling U.S. arm Grubhub less than a year after buying it, under pressure from investors to revive its shares amid stiff competition and a fading pandemic boost. nL2N2WI0AM

** A group led by KKR & Co KKR.N made an unsolicited near-$15 billion bid for Ramsay Health Care Ltd RHC.AX, underlining buyout funds’ appetite for healthcare assets and pushing the Australian company’s shares by up as much as 30%. nL3N2WH3KT

** Specialized polymer materials maker Avient Corp AVNT.N said it has entered into an agreement with DSM DSMN.AS to buy its material division for $1.48 billion. nL3N2WI13D

** India’s top housing finance firm HDFC Ltd HDFC.NS said it plans to sell a 10% stake in unit HDFC Capital to an arm of Abu Dhabi Investment Authority (ADIA) for 1.84 billion rupees ($24.09 million). nL3N2WI0YM

** Malaysian telecoms firm Axiata Group Bhd AXIA.KL said its unit edotco Group Sdn Bhd has entered an agreement with units of the Philippines’ PLDT Inc TEL.PS to acquire telecom towers for $800 million. nL3N2WI0CP

** Brazilian asset manager Prisma Capital and DXT International, a Duferco Group’s subsidiary, announced on Tuesday they had reached a deal to merge their energy-related assets in Brazil to create a joint venture through the holding company Matrix Energia. nL2N2WH2CQ

** British renewable power generator and network operator SSE SSE.L has agreed to buy a portfolio of onshore wind development projects from Siemens Gamesa SGREN.MC, the company said on Tuesday confirming a Reuters report. nL2N2WH1F9

(Compiled by Rajarshi Roy and Nathan Gomes in Bengaluru)


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