Deals of the day-Mergers and acquisitions
Adds Citigroup, TPG, Aeffe, Chevron, Anglo American, China Evergrande; Updates Visa
Sept 26 (Reuters) -The following bids, mergers, acquisitions, and disposals were reported by 1930GMT on Thursday:
** Citigroup C.N and Apollo Global APO.N have partnered for a $25 billion private credit and direct lending program, illustrating a growing alliance between banks and non-banks looking for a slice of the lucrative $2 trillion market. nL4N3L817H
** TPG TPG.O has agreed to buy a minority stake in Homrich Berg, in a deal that values the wealth management firm at around $1 billion, people familiar with the matter said. nL1N3L70S9
** Italian fashion group Aeffe AEF.MI has agreed to transfer the ownership of its 'Moschino' brand in relation to a range of products such as cosmetics and perfumes to Euroitalia for 98 million euros ($110 million), it said. nL8N3L81XQ
** U.S. antitrust regulators will bar Hess CEO John Hess from taking a board seat as a condition of its go-ahead of oil producer Chevron's CVX.N $53 billion purchase of Hess HES.N, people close to the matter said. nL4N3L81KG
** Anglo American AAL.L expects to receive binding offers for its steelmaking coal assets by mid-November as it advances a plan to restructure the business after battling a takeover offer from rival BHP Group BHP.AX, CEO Duncan Wanblad said. nL1N3L80MX
** Liquidators of the electric vehicle arm of debt-laden China Evergrande 3333.HK are still in talks with a potential buyer to take a stake in the company with a view to provide a new credit line to support production. nL4N3L81H4
** Visa V.N agreed to buy AI-driven payments protection firm Featurespace, marking the payments giant's latest effort to strengthen its financial crime and fraud detection product portfolio. [nL4N3L818O]
** Privately held oil and gas producer Validus Energy has struck a deal to buy rival Citizen Energy for more than $2 billion, including debt, according to people familiar with the matter. nL8N3L21NS
** South Korea's LG Display 034220.KS said it had agreed to sell its stake in its large liquid crystal display (LCD) plant in Guangzhou, China, to TCL's 000100.SZ LCD unit CSOT for 10.8 billion yuan ($1.54 billion). nL1N3L80BT
** Hong Kong's New World Development 0017.HK said it was in talks with its controlling shareholder, Chow Tai Fook Enterprises, to sell its entire stake in Kai Tak Sports Park to Chow Tai Fook Enterprises. nL4N3L80T5
** Sodexo EXHO.PA is exploring a potential acquisition of its U.S. rival Aramark ARMK.N, Bloomberg News reported on Wednesday, sending the shares of the French food catering firm lower. nL4N3L71U5
** Australian fund manager Platinum Asset Management PTM.AX rejected a takeover offer from hedge fund Regal Partners RPL.AX, saying that the proposal undervalued the company. nL4N3L71SF
** U.S. Steel X.N said on Wednesday an arbitration board had ruled in favour of Nippon Steel's 5401.T $14.9 billion buyout of the company, but that the United Steelworkers union (USW) disagreed with the decision. nL4N3L719N
** Macquarie MQG.AX said its infrastructure fund and other pension funds will sell a co-owned 74.25% combined stake in Queensland Airports Ltd to a consortium comprising global investment firm KKR KKR.N and Skip Essential Infrastructure Fund. nL4N3L808I
** French food catering firm Sodexo EXHO.PA is exploring a potential acquisition of its U.S. rival Aramark ARMK.N, Bloomberg News reported on Wednesday, citing people familiar with the matter. nL4N3L71TS
** Brazilian education companies Cogna COGN3.SA and Yduqs YDUQ3.SA have been in talks about a potential merger, Valor Economico newspaper reported on Wednesday, citing sources.nL1N3L717L
(Compiled by Rajarshi Roy, Pooja Menon and Vallari Srivastava in Bengaluru)
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