Deals of the day-Mergers and acquisitions

Reuters
03-31
Deals of the day-Mergers and acquisitions

March 31 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday:

** Varo Energy, backed by private equity giant Carlyle Group CG.O and the world's biggest trading house Vitol, said it had agreed to buy Swedish refiner Preem, betting on growing demand for biofuels.

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** Sweden's Fortnox FNOX.ST said that its largest owner First Kraft and private equity group EQT EQTAB.ST had made a joint cash offer for the accounting software firm, pushing its share price up 36% at opening.

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(Compiled by Rajarshi Roy and Priyanka.G in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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