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Deals of the day-Mergers and acquisitions

ReutersFeb 7, 2025 10:46 AM

- The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday:

** Legal & General said it would sell its U.S. protection business to Japan's Meiji Yasuda for $2.3 billion in cash and said the Japanese firm would take a 5% stake in the British insurer, in the biggest strategic move so far under CEO António Simões.

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** U.S. private equity firm Bain Capital has bought Mitsubishi Tanabe Pharma in a deal worth 510 billion yen ($3.4 billion), saying it was encouraged by prospects of regulatory change for Japan's drug industry.

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** German consumer goods maker Henkel said it would sell its retailer brands business in North America to an affiliate of First Quality Enterprises, LLC.

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** Japan's Mitsubishi Chemical <4188.T> said it will sell pharmaceutical subsidiary Tanabe Mitsubishi Pharma to U.S. private equity firm Bain Capital in a deal worth 510 billion yen ($3.36 billion) as it seeks to streamline its portfolio.

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** Real estate private equity firm Gaw Capital and Singapore-based investor Patience Capital Group have completed the acquisition of Tokyu Plaza Ginza, a prime mall in central Tokyo, in a deal worth more than $1 billion, Gaw's Japan head said .

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** Brazilian oil company Prio is in talks to buy the 60% stake owned by Norway's Equinor EQNR.OL in the Peregrino oil field, Brazilian newspaper Folha de S. Paulo reported on Thursday, citing sources.

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** Italy's fourth-largest bank BPER on Thursday joined in a raft of takeover bids rocking the country's financial sector, with a 4.3 billion euro ($4.46 billion) all-share bid for Banca Popolare di Sondrio .

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