News: ABG Deals of the day-Mergers and acquisitions

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    Jan 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday:

    ** China's Fosun 0656.HK will keep supporting the development of Portugal's Millennium bcp BCP.LS bank as it remains optimistic about the Portuguese market, despite having reduced its stake in the lender, a Fosun spokesman said.

    ** India's Tamil Nadu state said that a joint venture of Corning GLW.N agreed to invest 10 billion rupees ($120.4 million), underscoring the growing importance of the south Asian country as a manufacturing hub.

    ** Esken ESKN.L , the owner of London Southend Airport, is facing demands by a Carlyle CG.O fund to repay an outstanding convertible loan four years before its maturity date, the group said.

    ** Shares in India's Zee Entertainment ZEE.NS plunged by as much as 30%, set for their worst day ever, after the collapse of its $10 billion merger with Sony's local unit fanned concern that it will fail to thrive.

    ** French healthcare company Sanofi SASY.PA has agreed to buy the drug development project INBRX-101 from its parent company Inhibrx Inc INBX.O for around $2.2 billion in a bid to boost its rare disease business.

    ** Bridgepoint BPTB.L announced the acquisition of anti-aging cosmetics group RoC, confirming an earlier Reuters report.

    ** TotalEnergies TTEF.PA said it had signed an agreement to acquire the entire share capital of German battery storage company Kyon Energy, as part of the development of its Integrated Power operations in the country.

    ** Australia's Abacus Group (ABG) said it is selling two non-core commercial assets in New South Wales at a discounted valuation of about A$107 million ($70.62 million).

    ** Second-hand fashion marketplace Vestiaire Collective launched a crowdfunding campaign to raise at least one million euros ($1.09 million) from individual investors as the Kering-backed business aims to become profitable by year-end and potentially go public.

 
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Last
$1.22
Change
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No. Vol. Price($)
1 527 $1.21
 

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Price($) Vol. No.
$1.22 240963 5
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