Deals of the day-Mergers and acquisitions

Reuters
Jan 27
Deals of the day-Mergers and acquisitions

Jan 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1045 GMT on Tuesday:

** Australia's AUB Group said it agreed to buy 95.9% of UK insurance broking and underwriting platform PIHL Holdings (Prestige Insurance) for A$432 million ($298.73 million), accelerating its expansion in Britain's retail market through a bolt-on acquisition for its Tysers platform. nL6N3YS0FL

** China's biggest sportswear brand Anta Sports Products <2020.HK> said it would buy a 29.06% stake in Puma <PUMG.DE> from the Pinault family for 1.5 billion euros ($1.8 billion), making it the biggest shareholder in the German sportswear maker. nL8N3YS0HA

** More than a dozen UK politicians and former policymakers have called on the country's competition watchdog to launch a full review of Netflix's NFLX.O $83 billion bid for Warner Bros Discovery WBD.O, the Financial Times reported. nL1N3YS056

** French car parts supplier OPmobility OPM.PA said it had signed an agreement with South Korean auto parts maker Hyundai Mobis 012330.KS for the potential combination of their lighting businesses. nL6N3YS0FD

** Puma PUMG.DE has more scope for growth in the Chinese market, a senior Anta Sports 2020.HK executive told Reuters after the Chinese sportswear company agreed to buy a 29.06% stake in its German rival. nL8N3YS0G1

** German food processing technology supplier GEA Group G1AG.DE plans to drive its growth also through acquisitions, its chief executive told the WPV business reporters association in Duesseldorf late on Monday. nS8N3SX0G1

(Compiled by Rajarshi Roy and Parth Chandna in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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