Deals of the day-Mergers and acquisitions

Reuters
Feb 09
Deals of the day-Mergers and acquisitions

Feb 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:

** Singapore's DBS Group <DBSM.SI> said it has acquired an additional stake in Shenzhen Rural Commercial Bank (SRCB), bringing its total shareholding in the Chinese lender to 19.90% from 19.40%.

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** A consortium led by FedEx <FDX.N> and InPost <INPST.AS> investors has agreed to buy out the parcel locker company in a 7.8 billion euro ($9.2 billion) deal aimed at expanding InPost's reach across Europe while giving FedEx access to its locker network, the companies said.

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** Chemicals company DSM-Firmenich <DSFIR.AS> has agreed to sell its Animal Nutrition & Health business to CVC Capital <CVC.AS> for an enterprise value of around 2.2 billion euros ($2.6 billion), it said.

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** NatWest Group <NWG.L> has agreed to buy one of Britain's largest wealth managers, Evelyn Partners, for 2.7 billion pounds ($3.68 billion), including debt, in a bid to expand its wealth management business, the British lender said.

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** Australia's Pepper Money <PPM.AX> received a takeover offer from investment manager Challenger <CGF.AX> and majority shareholder Pepper Group that values the firm at A$1.16 billion ($814.90 million), sending its shares to a record intraday gain.

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(Compiled by Rajarshi Roy and Megavarshini G. Somasundaram in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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