Spain's BBVA on Wednesday reiterated its long-term commitment towards Turkey and said lira depreciation had been taken into account while structuring its recent purchase offer for a stake in Garanti Bank. BBVA, which already owns part of Turkish lender Garanti, recently offered to buy the remaining stake in the lender in a deal worth up to 2.25 billion euros, taking advantage of a slide in the Turkish currency. The deal had been structured in lira, which has slid 23% against the euro since Nov. 15 when BBVA announced the deal.
** Globus Medical Inc has approached NuVasive Inc , a U.S. manufacturer of equipment for minimally invasive spine surgery with a market value of $3 billion, with an acquisition offer, people familiar with the matter said. ** KKR & Co Inc and Global Infrastructure Partners (GIP) will take U.S. data center operator CyrusOne Inc private for $11.49 billion in cash, the latest deal in a sector that has boomed during the COVID-19 pandemic. ** American Tower Corp agreed to buy U.S. data center operator CoreSite Realty Corp for $7.51 billion in cash to tap into a sector that has seen a boom in demand during the COVID-19 pandemic.