Deals of the day-Mergers and acquisitions

Reuters04-02 17:55
Deals of the day-Mergers and acquisitions

April 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday:

** Air France-KLM <AIRF.PA> has submitted a non-binding offer to buy a minority stake in TAP Air Portugal, the Franco-Dutch airline group said, as the Portuguese government moves forward with plans to privatise its flag carrier.

nL6N40L0KP

** Amazon is in talks to buy satellite telecom group Globalstar as it ramps up efforts to build its own low-earth-orbit satellite business to rival SpaceX's Starlink, the Financial Times reported on Wednesday, citing people familiar with the matter.

nL6N40K1FE

** U.S. cosmetics giant Estee Lauder <EL.N> and Spanish firm Puig <PUIGb.MC> are advancing talks to combine in a deal that would consist mostly of stock, Bloomberg News reported on Wednesday, citing people familiar with the matter.

nL4N40K25M

** Gucci-owner Kering on Wednesday announced a deal struck with Qatar's Al-Mirqab Group to sell it an 80% interest in its property on Via Monte Napoleone in Milan for 1.16 billion euros ($1.35 billion).

nL6N40K15V

** Investment manager Franklin Templeton <BEN.N> said on Wednesday it had agreed to acquire cryptocurrency investment unit 250 Digital, spun out of venture firm CoinFund, as it steps up its expansion into digital assets.

nL4N40K15U

(Compiled by Rajarshi Roy and Sanskriti Shekhar in Bengaluru)

((Sanskriti.Shekhar@thomsonreuters.com))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment