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Commerzbank merger talk resurfaces as Germany mulls company sales.
Greece to launch IPO for 30% of Athens International Airport. (FS)
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汤森路透 , a multinational media conglomerate that offers news in the areas of financial, legal, tax and accounting, risk management, and government, secured a majority stake in Paegro, an information technology solutions provider, and raised the offer for remaining shares to SEK8.1bn ($791m).
Thomson Reuters' majority ownership of Pagero will enhance the strategic partnership announced in February 2023, accelerating the companies' joint vision for a connected suite of global indirect tax, reporting and e-invoicing capabilities.
Thomson Reuters is advised by 摩根士丹利 and 年利达 (led by Charlotte Levin ).
One Equity Partners , a private equity firm, agreed to acquire the Associated Spring and Hanggi businesses of Barnes , a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, for $175m.
"Over the past year, we have been executing a comprehensive business transformation strategy based on three key pillars — Execute Core Business; Scale Aerospace; and Integrate, Consolidate & Rationalize Industrial — to generate improved growth, profitability, and cash flow at Barnes. Informed by a comprehensive strategic review of our business by independent advisors, we have continuously shared progress updates on our journey. Today's announced divestiture demonstrates a leap forward in rationalizing our Industrial business and rebalancing our portfolio toward our industry-leading Aerospace business," Thomas J. Hook, Barnes President and CEO.
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Barnes Group is advised by 美国银行 and Foley & Lardner LLP .
CVC , a global investment firm, agreed to invest in Sunday Natural , a seller of premium vitamins, minerals and supplements. Financial terms were not disclosed.
"The partnership with CVC marks a significant milestone for Sunday Natural on its path to becoming a global brand for science-based and nature inspired nutrition. In CVC, we have found a strategic partner that shares and embraces wholeheartedly our cultural values and commitment to the True Clean Label philosophy. This partnership will help us scale our operations and accelerate growth into new geographies. I'm extremely proud of our team's dedication and grateful for our community's strong support," J?rg Schweikart, Sunday Natural Founder.
Sunday Natural is advised by Houlihan Lokey . CVC Capital Partners?is advised by Rothschild & Co .
Commerzbank merger talk resurfaces as Germany mulls company sales.
Five years after 德意志银行 and Commerzbank AG aborted an attempt to merge, an uncertain outlook for bank profitability and Germany's need to plug a hole in its budget have rekindled speculation about a potential deal, Reuters reported.
Germany has said it is looking at all options to raise funds by selling stakes in some of the 100 or more companies it owns. Though a sale of its remaining 15% holding in Commerzbank is not imminent, Finance Minister Christian Lindner is open to a disposal and ultimately would prefer the government exiting the stake.
Greece to launch IPO for 30% of Athens International Airport. (FS)
Greece’s Hellenic Republic Asset Development Fund (HRADF / ΤΑΙΠΕΔ) is launching an initial public offering of its 30% stake in Athens International Airport in its latest market foray since regaining investment-grade status, Bloomberg reported.
Existing shareholder AviAlliance GmbH and members of the Copelouzos family will have the right to enter into cornerstone agreements to buy 10% and 1%, respectively. The sale may take place in early February.
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