Deals Of The Day-Mergers And Acquisitions June 12, 2018
June, 12th 2018
The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:
** Switzerland’s Swiss Re is set to acquire a 13.81 percent stake in Kenyan insurer Britam Holdings from an individual shareholder, both firms said.
** California’s utilities regulator has told SJW Group it must seek approval for its proposed merger with Connecticut Water Service Inc, according to a document provided by the regulator to Reuters, a move that creates a potentially significant impediment to the deal.
** The Finnish government’s investment arm, Solidium, said it had sold a small stake in pulp and paper maker Stora Enso to raise funds for new investments.
** A unit of Beijing’s Tsinghua University said it would buy aluminum smelter Tianshan Aluminium for an estimated 23.6 billion yuan ($3.7 billion), in what analysts say is a way for the smelter to become a publicly traded entity. (Compiled by Nivedita Balu in Bengaluru)