Deals of the day-Mergers and acquisitions

Reuters03-12
Deals of the day-Mergers and acquisitions

March 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday:

** UK's Savills <SVS.L> said it would buy real estate investment bank Eastdil Secured in a $1.1 billion deal, including debt, as it looks to expand in North America and deepen its capital-markets presence, though concerns over Middle East tensions drove shares lower.

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** Energean <ENOG.L> said it would acquire Chevron's <CVX.N> interests in two offshore Angola oil blocks for a base consideration of $260 million, as the Mediterranean-focused gas producer follows through on its plan to build out a hub in West Africa.

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** MidOcean Energy, an LNG company backed by U.S. energy-focused private equity firm EIG, has agreed to acquire additional Australian liquefied natural gas project stakes from Japan’s JERA, the companies said .

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** Japan's biggest utility and LNG buyer, JERA, has agreed to sell its interests in two Australian liquefied natural gas $(LNG)$ projects, Gorgon and Ichthys, to MidOcean Energy.

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** Billionaire Tilman Fertitta has been in exclusive talks to buy Caesars Entertainment <CZR.O> for roughly $7 billion after he topped a competing offer from Carl Icahn's firm, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

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** Qatari-backed investment fund Irth Capital this month offered to pay $47 a share to buy Papa John's International, in a second attempt after it tried to buy the pizza chain alongside Apollo Global Management last year, said two sources familiar with the matter.

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** French bank Credit Agricole <CAGR.PA> has agreed to buy Ukraine's Bank Lviv, it said on Wednesday, adding that the deal formed part of its strategy of supporting the reconstruction of Ukraine's economy, which has been hit by the war with Russia.

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** Oil producer Capricorn Energy <CNE.L> said on Wednesday it has received multiple non-binding takeover proposals from Alamadiyaf al-Masiyyah, a Cafani Group-affiliated investment vehicle, for a possible all-cash deal.

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(Compiled by Rajarshi Roy and Sumit Saha in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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