Deals of the day-Mergers and acquisitions

Reuters
Oct 20
Deals of the day-Mergers and acquisitions

Oct 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** Holcim <HOLN.S> said it will buy German walling systems maker Xella for 1.85 billion euros ($2.16 billion), a move aimed at tapping the growing European building refurbishment market.nL5N3W103B

** Gucci owner Kering <PRTP.PA> said on Sunday it has agreed to sell its beauty business to L'Oreal <OREP.PA> for 4 billion euros ($4.66 billion), in a major shift in strategy by new CEO Luca de Meo as he moves to tackle the luxury group's high debt and refocus on its core fashion business. nL2N3W004J

** Activist investor Jana Partners has built a stake in medical device maker Cooper Companies <COO.O> and plans to push for strategic alternatives, two sources familiar with the matter said on Sunday. nL3N3W100I

** Australia's Larvotto Resources <LRV.AX> said it had received a non-binding indicative offer from United States Antimony Corporation $(USAC)$, valuing the miner at about A$722.9 million ($469.88 million). nL6N3W006S

** Middle Eastern bank Emirates NBD <ENBD.DU> will buy a 60% stake in Indian private lender RBL Bank <RATB.NS> for $3 billion, in the largest cross-border acquisition in India's financial sector. nL1N3VZ03G

(Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)

((Sahil.Pandey@thomsonreuters.com))

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10