(Adds IAG, IndusInd Bank, MP Materials; Updates Bain Capital,...

  1. 186,448 Posts.
    lightbulb Created with Sketch. 2736

    (Adds IAG, IndusInd Bank, MP Materials; Updates Bain Capital, Blue Owl Capital, Monte dei Paschi di Siena, Galeria)

    April 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

    ** MP Materials MP.N said Australian billionaire Gina Rinehart's mining firm has taken a 5.3% stake in the company, adding to her rare earth investments.

    ** British Airways owner IAG ICAG.L is set to get an EU antitrust warning about its bid to secure full control of Air Europa after its remedies failed to address EU antitrust concerns, people with direct knowledge of the matter said.

    ** Promoters of private lender IndusInd Bank INBK.NS will buy a 60% stake in the Indian arm of global asset manager Invesco IVZ.N , the two companies said, without disclosing the deal amount.

    		** Bain Capital has sold its entire stake in Axis Bank 
     AXBK.NS  at 1,071 rupees ($12.87) per share to raise $429 
    

    million, according to exchange data.

    		** Alternative asset manager Blue Owl Capital  OWL.N  
    said it will buy Prima Capital Advisors for $170 million to 
    

    expand into real estate financing, a market that traditional banks have been retreating from since last year.

    		** Italy trusts it will be able to strike alliances for 
    bailed-out bank Monte dei Paschi di Siena (MPS)  BMPS.MI  this 
    

    year, the economy minister said.

    		** Germany's Galeria Karstadt Kaufhof is to be taken 
    over by a consortium including U.S. investor Richard Baker, CEO 
    

    of its previous owner Hudson's Bay Company, two sources familiar with the matter said.

    ** Danish shipping and logistics firm DFDS DFDS.CO said it has agreed to buy the international transport network of Turkey's Ekol Logistics for 1.9 billion crowns ($277 million) and lifted its sales growth forecast for the year.

    ** Vietnam's Duc Giang Chemicals DGC.HM is in talks to sell a minority stake to a foreign strategic investor in a deal that could value the country's second biggest chemical company at up to $2 billion, two people with knowledge of the matter said.

    ** Hungary's government will acquire an 80% stake in Budapest Airport, its economy minister said on the sidelines of a conference.

    ** Eyewear maker EssilorLuxottica ESLX.PA said it had completed the acquisition of Washin Optical Co., a Japanese optical retail with around 70 direct stores in the country.

    ** China's CDH Investments said it completed an investment for a minority interest in grocery chain Bach Hoa Xanh, a unit of Vietnam's biggest retail group by market value, Mobile World MWG.HM .

    ** HSBC HSBA.L , 0005.HK is selling its business in Argentina and booking a $1 billion loss on the deal, the bank said, as it continues to shrink its once globe-spanning empire to focus on Asia.

    ** British insurer Aviva AV.L said it had completed the 453 million pound ($574 million) acquisition of AIG's AIG.N UK life insurance business, sealing the largest takeover under CEO Amanda Blanc to date.

    ** Blackstone Inc BX.N is closing in on a deal to take Hong Kong-listed skincare company L'Occitane International SA 0973.HK private, Bloomberg News reported , citing people familiar with the matter.

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.