Vivendi said the deal would give the whole of UMG a preliminary equity valuation of $33.6 billion.
The fundraising also includes reinvestments by Tikehau Capital’s founders, managers, among other investors.
IPOs & Markets
Malaysian poultry producer Leong Hup is targeting to raise as much as $291 million in a scaled-down IPO in mid-May.
The move strengthens its presence in a fast-growing Asian market.
The sale of the stake in Encevo comes after Germany last week stepped up efforts to prevent companies in critical industries from falling into Chinese
Worldline said the deal would result in SIX Payment Services ending up with a 27 per cent stake in the French company.
Sanofi has been reshaping its business in recent months, spending over $16 billion on M&A and also selling off some assets.
The deal, AXA said, would create a world leader in property and casualty insurance.
PSA said the deal with Naza Corp formed part of the company's "Push to Pass" strategic plan to boost sales.
The Chinese group will invest around 100 million euros ($122.77 million) in the business.
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