Business
Deals of the day - Mergers and acquisitions
Deals of the day - Mergers and acquisitions
About this update from Rtl Group S.a.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:** U.S.-based shopping mall owner Simon Property Group NYSE:SPG has acquired the parking and retail segments of Miami's Brickell City Centre for up to $548.7 million from Swire Properties HKEX:1972, the Hong Kong-listed company said. ** Inszone Insurance Services has acquired Huffmaster Insurance, based in Monett, Missouri. ** Embattled consultancy and marketing group Next 15 LSE:NFG said it is in early discussions regarding a potential sale of some of its brands, capping a tumultuous week in which it warned about its profit and disclosed issues at a unit. ** Dutch competition watchdog ACM said it had cleared RTL Group's LUXSE:RTLL sale of its Dutch subsidiary RTL Nederland to Belgium-based DPG Media, under conditions meant to protect the independence of involved news media. ** Australia's Santos ASX:STO said it had granted exclusive due diligence for a period of six weeks to an international consortium led by Abu Dhabi's National Oil Company (ADNOC), which had offered $18.7 billion for the gas producer. ** Kazakhstan's ForteBank, the fifth-largest lender by assets in the Central Asian country, has bought 100% of Home Credit Bank, part of Czech investment group PPF, the two banks said, without specifying the value of the transaction. ** JSW Paints will buy Dutch paint maker Akzo Nobel's Indian arm for about $1.6 billion, in what will be the country's biggest deal yet in the sector as competition intensifies between established players and new entrants. ** European broadcaster RTL Group LUXSE:RTLL said it would buy Sky Deutschland, in a deal that combines Sky's sports and streaming offerings with RTL's news and entertainment brands to create a business with 11.5 million paying subscribers. ** Unilever is paying $1.5 billion (1.09 billion pounds) to buy men's personal care brand Dr Squatch from private-equity firm Summit Partners, the Financial Times reported, citing sources. ** Energy and industrial products supplier DNOW said on Thursday it would buy MRC Global in an all-stock deal valued at $1.5 billion, including debt. ** Italian merchant bank Mediobanca MIL:MB said it would return 4.9 billion euros ($5.74 billion) to shareholders, mostly in cash, over three years to 2028 as it seeks to fend off a hostile bid from smaller rival Banca Monte dei Paschi di Siena (MP...