Mergers and acquisitions

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The following bids, mergers, acquisitions and disposals were reported by 1343 GMT on Friday:** Hub International has announced the acquisition of two agencies: Mount Vernon, Washington-based Wycoff Insurance Agency and Carlsbad, California-based Scott Held Insurance Agency.** Aeon Financial Service TSE:8570 said on Friday that its deal to buy a financial company owned by Vietnam's Southeast Asia Commercial Joint Stock Bank HOSE:SSB was invalid due to "inappropriate accounting transactions." ** Hong Kong-based Oasis Management, a shareholder in both Toyota Motor TSE:7203 and Toyota Industries TSE:6201, will push for the Japanese automaker to make a higher offer to take Toyota Industries private, its chief investment officer Seth Fisher said on Friday. ** Bajaj Holdings and Investment NSE:BAJAJHLDNG said that it sold a 0.65% stake in financial services firm Bajaj Finserv NSE:BAJAJFINSV for 20.02 billion rupees ($233.8 million) via a block deal.** British investment firm Rosebank Industries LSE:ROSE on Friday said it will raise about 1.14 billion pounds ($1.55 billion) to finance the acquisition of U.S.-based Electrical Components International. ** Diamond giant De Beers has drawn interest from at least six consortia, including billionaire Anil Agarwal, Indian diamond firms and Qatari investment funds, sources close to the companies told Reuters. ** Miniso Group HKEX:9896 said it was making a preliminary assessment on a potential spin-off listing of its pop toy business operating under the brand, "TOP TOY". ** Brazilian rail operator Rumo said it has decided to terminate a 2024 agreement to sell part of a terminal at Latin America's largest port to U.S. commodities trader Bunge and a subsidiary of Japan's Zen-Noh Group. ** Brazil's Brava Energia signed a $65 million deal to sell a 50% stake in midstream natural gas infrastructure assets in the state of Rio Grande do Norte to PetroReconcavo , the companies said in separate filings. ** Vietnam Airlines said it has formed a joint venture with China Southern Airlines, the first such aviation partnership between the two countries. ** Newly launched sovereign wealth fund Danantara Indonesia is in early talks with GoTo IDX:GOTO to get a piece of U.S.-listed rival Grab's NASDAQ:GRAB potential buyout of the ride-hailing and food delivery firm, Bloomberg News reported.

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