Reuters - Deals Today

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Monday, October 2, 2017

Metro Inc to buy Jean Coutu Group in $3.60 billion deal

(Reuters) - Metro Inc , Canada's third biggest food retailer, said on Monday it would buy pharmacy chain Jean Coutu Group for C$4.5 billion ($3.60 billion).

Bain says aims to buy Japan ad agency Asatsu-DK for $1.4 billion

TOKYO (Reuters) - U.S. private equity firm Bain Capital said it aims to buy 100 percent of Japan's third-largest advertising agency, Asatsu-DK Inc , for 152 billion yen ($1.35 billion), in one of the largest buyouts in Japan this year.

Saudi's Savola Group in talks to buy confectionery maker for $300 million: sources

DUBAI (Reuters) - Savola Group,, Saudi Arabia's largest food products company, is in talks to buy sweets and confectionery maker Sanabel Al-Salam in a deal worth $300 million, sources told Reuters.

Suez finalizes GE Water deal, confirms synergy targets

PARIS (Reuters) - French waste and water group Suez said on Monday it had finalised its 3.2 billion euros ($3.4 billion) acquisition of GE Water, and confirmed its synergy outlook for the deal.

Kuwait seeks advisors for stock exchange IPO: sources

DUBAI/KUWAIT (Reuters) - Kuwait has invited bids for financial advisors to manage the initial public offering of its stock exchange, sources told Reuters.

India RCom's debt-repayment plan hit as unit's merger deal with Aircel collapses

MUMBAI (Reuters) - Embattled Indian telecom company Reliance Communications Ltd faced another setback on Sunday after a deal to merge its wireless business with smaller rival Aircel was called off, raising fresh doubts about its debt-repayment plans.

Global Logistic Properties buys European logistics firm for $2.8 billion

SINGAPORE (Reuters) - Asia's biggest warehouse operator, Global Logistic Properties (GLP) , agreed to acquire European logistics platform Gazeley for about $2.8 billion, marking its first push into Europe and underscoring consolidation in the buoyant sector.

UK convenience retailer Nisa's CEO leaves during takeover talks

LONDON (Reuters) - Britain's Nisa Retail said on Saturday its chief executive had left the convenience retailer, which is in talks with the Co-operative Group to be taken over.

China's Geely in $300 million deal to control Denmark's Saxo Bank

COPENHAGEN (Reuters) - Chinese carmaker Zhejiang Geely Holding Group will increase its stake in Denmark's Saxo Bank to above 50 percent in a $300 million-plus deal that highlights China's drive to tap the expertise of European financial firms.

Murdoch opponent challenges UK regulator over Sky deal

LONDON (Reuters) - Activist group Avaaz stepped up its battle to stop Rupert Murdoch buying Sky , launching a legal challenge to the regulator's view that the pay-TV group would still be a "fit and proper" owner of a broadcasting license if the deal goes ahead.