Deals of the day-Mergers and acquisitions
Adds Quick Quack Car Wash, New York Community Bancorp, Digital World Acquisition Corp, BuzzFeed, Exxon Mobil and Occidental Petroleum
Feb 15 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 2040 GMT, on Thursday:
** Quick Quack Car Wash is exploring the sale of a minority stake that could value one of the largest car wash chains in the United States at more than $3 billion, including debt, according to people familiar with the matter.
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** The U.S. Securities and Exchange Commission on Thursday cleared the way for blank-check acquisition company Digital World Acquisition Corp's DWAC.O merger with former U.S. President Donald Trump's media and technology company.
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** British media group The Independent is in talks to take control of BuzzFeed BZFD.O and Huffington Post's operations in the UK and Ireland in a multi-year deal, according to a person familiar with the matter.
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** The New York State Common Retirement Fund will restrict its investments in eight integrated oil and gas companies, including the divestment of a small share of its holdings in Exxon Mobil XOM.N, New York Comptroller Thomas DiNapoli, who oversees retirement assets, said.
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** Occidental Petroleum OXY.N said a U.S. regulator's second request for information on the acquisition of shale producer CrownRock has pushed back the deal's closing date to second half this year.
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** Dutch insurer Achmea has held early stage discussions about a potential sale of its life insurance operations, including with rivals NN Group NN.AS and Apollo Global Management-backed Athora, four people familiar with the matter told Reuters.
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** Vedanta Resources, the parent of Vedanta Ltd VDAN.NS, has sold a stake worth more than 17.37 billion rupees ($209 million) in the Indian miner, exchange data showed.
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** Amaggi, a Brazilian grain processor and exporter, has entered an agreement to acquire a stake in food ingredients company Milhao Ingredients, according to a statement sent to Reuters.
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** Henkel HNKG.DE has agreed to acquire U.S.-based protective coating and sealing solutions firm Seal for Life Industries as it sees growing demand in repairing and maintenance, the German consumer goods company said.
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** Mercedes-Benz Group MBGn.DE has sold its stake in Russia's largest truckmaker, Kamaz KMAZ.MM, becoming the latest Western company to complete its withdrawal from Russia following the country's 2022 invasion of Ukraine.
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** Stellantis STLAM.MI and Renault RENA.PA chief executives have both played down recent press speculation about a possible tie-up between the two carmakers.
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** Telecom Italia (TIM) TLIT.MI does not expect any specific antitrust obstacles to the planned sale of its fixed-line network assets to U.S. fund KKR KKR.N, the Chief Executive of Italy's biggest phone group said.
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** GSK GSK.L said it had completed the acquisition of Aiolos Bio, a clinical-stage biopharmaceutical company focused on respiratory and inflammatory conditions.
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** India's Reliance Industries RELI.NS is in talks to buy Disney's DIS.N stake in satellite TV provider Tata Play, the Business Standard newspaper reported, as billionaire Mukesh Ambani's firm seeks to bolster its media presence.
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** Japan's Renesas Electronics 6723.T said it would buy electronics design firm Altium ALU.AX for $5.9 billion in cash, as the acquisitive automotive chipmaker looks to offer digital device design to customers.
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(Compiled by Rajarshi Roy, Harshita Mary Varghese, Jaspreet Singh and Juveria Tabassum in Bengaluru)
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