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Iberdrola, Masdar to develop $1.5bn Baltic wind farm
OBS Group is nearing a deal for Bayer Pharma assets in Pakistan.
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Brookfield , a global alternative asset manager, agreed to acquire the remaining stake in American Equity Investment Life, an issuer of fixed index annuities, for $4.3bn.
“This transaction represents an important step in the continued growth of our insurance business, further diversifying, and scaling, our insurance capabilities, and is a direct result of the partnership we have developed with AEL since our initial investment in 2020. With this transaction we have now deployed or committed over $10bn of capital since our inception, bringing our total insurance assets to over $100bn, and we remain on track with our growth targets for the business. Brookfield Reinsurance remains well capitalized and committed to meeting the needs of its policyholders and clients,” Sachin Shah, Brookfield Reinsurance CEO.
American Equity Investment Life is advised by Ardea Partners , J.P. 摩根 , Sullivan & Cromwell LLP , FGS Global (led by? Jared Levy ?and? Robin Weinberg ). Brookfield is advised by Barclays and Debevoise & Plimpton (led by?Edward Drew Dutton).
玛氏食品 , a provider of confectionery, snacking, food, and pet care products and services, agreed to acquire Kevin's Natural Foods , a paleo friendly food company that makes pre-made, ready to eat entrees, sauces and seasonings, for $800m.
"Joining the Mars Food & Nutrition portfolio of brands will allow us to accelerate the development of more product innovations and support our mission of bringing Kevin’s to more consumers across markets," Kevin McCray, Kevin's Natural Foods Co-Founder and President.
Mars is advised by 花旗 , ArentFox Schiff , Covington & Burling LLP , Simpson Thacher & Bartlett LLP and 博然思维集团 . Kevin's Natural Foods is advised by 富国银行 and Sheppard Mullin Richter & Hampton LLP .
ASR Nederland, an insurance services provider, completed the acquisition of the Dutch operations of Aegon , an insurance brokerage firm, in a $5bn deal.
"The completion of this transaction marks a major milestone in Aegon's history and in our long-term ambition to create leaders in investments, protection, and retirement solutions. The combination creates the number two insurance company in the Netherlands, with significant scale across different segments, benefiting all our stakeholders. I want to take this opportunity to thank all of the Aegon employees who will now move to a.s.r. for their significant contribution over the years. I wish them all every success for the future," Lard Friese, Aegon CEO.
ASR Nederland was advised by Rothschild & Co (led by? Sander Griffejoen )?and 瑞银集团 . Aegon was advised by 高盛 , 摩根大通 , De Brauw Blackstone Westbroek (led by? Arne Grimme ), NautaDutilh , Stibbe (led by? Heleen Kersten ) and Sullivan & Cromwell LLP (led by? Stephen Kotran ). Financial advisors were advised by White & Case LLP (led by?Denise Cerasani).
Iberdrola, Masdar to develop $1.5bn Baltic wind farm.
Spanish utility Iberdrola has signed an exclusive deal with Abu Dhabi's Masdar (Abu Dhabi Future Energy Company) to develop a 476 MW offshore wind farm in German waters in the Baltic Sea,?Reuters?reported.
The Baltic Eagle wind farm being built off Germany's northeastern coast will have 50 wind turbines and is part of Iberdrola's strategy to sell advanced renewable projects to raise cash to help finance its $51.2bn investment plan.
OBS Group is nearing a deal for Bayer Pharma assets in Pakistan.
OBS Pakistan Pvt. Ltd. , a privately held, diversified group of companies, is nearing a deal to acquire pharmaceutical assets in the country from 拜耳 .?
The Karachi-based pharmaceutical maker is close to buying a manufacturing facility in Lahore and 12 pharmaceutical brands for about PKR7bn ($25m). OBS Group has incorporated a new unit that is partially owned by employees for the acquisition.?
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