Deals of the day-Mergers and acquisitions

Reuters
20 Dec 2024

Dec 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday:

** Credit Agricole agreed to buy Santander's

30.5% stake in custody and asset servicing entity Caceis, the banks said, in a deal that will give the French lender full control of the business.

** Australian conglomerate Wesfarmers said it would sell its industrial gas supply arm, Coregas, to Japanese multinational firm Nippon Sanso for A$770 million ($480.33 million).

** Australia's Hotel Property Investments said, after reassessing the takeover bid, it has recommended shareholders to accept the offer from a consortium led by Charter Hall Retail REIT , which valued the pub owner at A$755.8 million ($471.47 million).

(Compiled by Rajarshi Roy and Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

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