Deals of the day-Mergers and acquisitions

Published 03-02-2021, 04:32 pm
Updated 04-02-2021, 02:30 am
Deals of the day-Mergers and acquisitions

(Adds Daimler )

Feb 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

** German carmaker Daimler DAIGn.DE said it plans to spin off Daimler Truck, the world's largest truck and bus maker, as it seeks to increase its investor appeal as a focused electric, luxury car business. Jazz Pharmaceuticals Plc JAZZ.O said it would buy GW Pharmaceuticals plc GWPH.O in a $7.2 billion cash-and-stock deal to bolster its neuroscience business by adding cannabis-based epilepsy treatment. FAW Group is looking at acquiring Brilliance China Automotive Holdings Ltd 1114.HK for about $7.2 billion in a two-stage deal that would see BMW's main Chinese partner taken private, two people with direct knowledge of the matter told Reuters. Japanese cosmetics firm Shiseido Co Ltd 4911.T said it agreed to sell its lower-priced skincare and shampoo brands to private equity firm CVC Capital Partners for 160 billion yen ($1.5 billion). Sweden's Embracer EMBRACb.ST agreed to buy three gaming companies including U.S.-based Gearbox, which makes the first-person shooter game Borderlands, for up to $2.5 billion. German ophthalmic lens and eyewear maker Rodenstock is being prepared for sale by its private equity owner in a potential 1.5 billion euro ($1.8 billion) deal, two people close to the matter told Reuters. United Utilities Group UU.L said it has agreed to sell its stake in Estonia's Tallinn Water for 100.3 million euros ($120.54 million), marking the water company's exit from unregulated international markets. Private equity company Carlyle Group CG.O will increase its stake in Varo Energy by buying out one of two other partners in the Swiss refining firm, the companies said. The Issa brothers and TDR Capital will offload Asda's petrol stations to their own EG Group for 750 million pounds ($1.02 billion) when their purchase of the British supermarket group from Walmart (NYSE:WMT) WMT.N is completed, they said. Spanish oil and gas company Repsol REP.MC has hired JPMorgan (NYSE:JPM) as an investment bank to spin off its renewable unit as early as June, Spanish on-line media El Confidencial reported on Wednesday citing financial sources. Private equity firm Cresta Fund Management has offered to buy a majority stake in North Atlantic Refining Ltd (NARL), owner of the idled Canadian 135,000 barrel-per-day Come-by-Chance refinery, according to a letter reviewed by Reuters. If India's Future Group cannot sell assets, $4 billion in bank loans and debentures will be at risk, pushing its retail unit into insolvency, the company said in a court filing on Wednesday against Amazon.com Inc AMZN.O , which wants to block the sale.

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