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Delivery Hero SE (DHER.DE)
- Reuters SG
Deals of the day-Mergers and acquisitions
** Private equity firm Advent International has agreed to buy Canada's Nuvei in an all-cash deal that values the Ryan Reynolds-backed payments technology firm at $6.30 billion. ** Apparel retailer Aditya Birla Fashion and Retail (ABFRL) said it was planning to demerge Madura Fashion & Lifestyle into a separate listed entity. ** Kimmeridge Energy Management said it remained ready to engage with SilverBow Resources over its takeover bid, days after the U.S. oil and gas producer rejected the latest offer that valued it at $2.1 billion including debt.
- Reuters
Singapore competition watchdog looked into potential Grab, Delivery Hero deal
Germany's Delivery Hero had been looking to divest its foodpanda business in some Southeast Asian markets and media reports from September had said Singapore-based Grab could be a potential buyer. The Competition and Consumer Commission of Singapore (CCCS) said it started an investigation into this potential tie-up in early January.
- The Edge Singapore
CCCS issued set of interim measures directions on Grab’s possible acquisition of Delivery Hero’s business in Singapore
The IMDs ceased to have effect from Feb 23, following information that the possible transaction had been abandoned.
