Business
Mergers and acquisitions
Mergers and acquisitions
About this update from Banco Bpm Spa
The following bids, mergers, acquisitions and disposals were reported by 1545 GMT on Wednesday:**Clearlake Capital Group said it will buy investment manager Pathway Capital Management, as the buyout firm looks to expand its presence in the red-hot private markets segment.** Italy's UniCredit has given up on plans to acquire smaller rival bank Banco BPM , Chief Executive Andrea Orcel said on Wednesday.** The German government is considering acquiring a 25.1% minority stake in electricity grid operator TenneT's German unit, an economy ministry spokesperson said on Wednesday, for which it plans to allocate several billion euros in the 2026 budget.** Dutch bank ABN Amro said that it had acquired domestic commercial lender NIBC Bank from private equity firm Blackstone, strengthening its position in its home market.** Private equity firm Permira is in advanced talks with China's HongShan Capital Group (HSG) to sell Italian luxury sneaker maker Golden Goose at a valuation of over 2.5 billion euros ($3 billion), two sources close to the matter said, confirming Italian newspapers' reports.** LVMH's watch division has taken a minority stake in La Joux-Perret, the French group said, deepening cooperation with the high-end Swiss watch movement and component manufacturer.** Australia's Mineral Resources said it would sell a 30% stake in part of its lithium business to South Korea's POSCO for $765 million to reduce debt, sending its shares to a more than one-year high.** Toto Wolff is in advanced talks to sell part of his stake in Mercedes F1 to CrowdStrike CEO George Kurtz in a deal that would value the Formula One team at a record $6 billion, the Financial Times reported on Tuesday.