Data Analyst Katrin Kostadinova highlights the most significant financial and corporate legal deals announced or closed in the last week
Americas
Starting with a sizeable bond deal Bunge has issued $1 billion in 3% and 3.75% notes – the proceeds will be used to finance an investment in a palm oil company in Malaysia.
Staying in the debt capital markets Mexico City Airport Trust has issued $4 billion in 3.875% and 5.5% green bonds – the first tranche due to 2028 and the second one maturing in 2047.
In the M&A space Catalent has acquired Cook Pharmica for $950 million, while Orbital ATK has been acquired by Northrop Grumman for $7.8 billion.
Elsewhere Post Holdings has taken over Bob Evans Farms for $1.5 billion. The portfolio of the company now expands to serving breakfast sausages and vegetable-based sides. Finally Scientific Games has acquired NYX Gaming Group for C$775 million.
Europe, Middle East and Africa (EMEA)
We start in EMEA with a significant cross border deal between Belgium, France and Germany with BASF acquiring Solvay’s integrated polyamide business for €1.6 billion.
Another deal that involved a number of jurisdictions saw thyssenkrupp and Tata Steel enter into a joint venture that sees the two combine their European steel businesses and making the combined entity Europe’s second biggest producer.
In France Total has acquired a 23% stake of EREN for €237.5 million. Due to oil price pressure over the last couple of years, the biggest companies in Europe are trying to develop their renewable energy operations.
In Israel, CVC took over Teva’s womens health portfolio, which covers over 50 countries, for $703 million. CVC have undertaken a number of pharmaceutical acquisitions recently – including the takeovers of Alvogen and Doc Generici.
In Italy Italcementi has acquired Cementir Holding’s Italian assets for €315 million from Germany’s HeidelbergCement.
In the Middle East the Kingdom of Saudi Arabia has undertaken a SR7 billion three tranche sukuk issue and also announced that it was seeking bidders for a railway linking the Gulf with the Red Sea. In the UAE Dubai Electricity and Water Authority has secured financing for phase 3 of the Rashid Al Maktoum Solar Park.