Deals of the day-Mergers and acquisitions

Reuters04-08

April 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday:

** Abu Dhabi investor Lunate and Saudi conglomerate Olayan Group have agreed to acquire a 49% stake in ICD Brookfield Place, a major commercial property in Dubai's financial centre.

** French media group Vivendi's Canal+ made an all-cash mandatory offer to buy all the shares of South African broadcaster MultiChoice it does not already own for 35 billion rand ($1.9 billion), both companies said.

** Private equity firm Permira has agreed to sell a majority stake in higher education group Universidad Europea to Swedish rival EQT , two sources familiar with the matter told Reuters.

** UBS said its Japanese wealth management joint venture with SuMi TRUST Wealth Management Co, will acquire Credit Suisse's wealth management business in Japan following the Swiss bank's absorption of its stricken rival in 2023.

** APM Human Services' top shareholder, Madison Dearborn Partners, offered to buy the 71% of the Australian employment services firm it does not own for A$910.4 million ($599 million), an offer the company called 'disappointing'.

** Australia's Westgold Resources said it had agreed to acquire Toronto-listed Karora Resources in a cash-and-stock deal worth about A$1.23 billion ($808.36 million), seeking its gold assets in Western Australia.

** Australian glove maker Ansell Ltd said it will buy the personal protective equipment unit of U.S.-based Kimberly-Clark for $640 million, and expects to complete the acquisition in the first quarter of financial year 2025.

(Compiled by Rajarshi Roy and Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))

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