Deals of the day-Mergers and acquisitions

4ig.

12/10/2021 21:01

(Adds Reliance, Zee, SPIE Auchan, Balder, S&P Global, Trump
Organization; Updates Umpqua Holdings)
    Oct 12 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Tuesday:
    
    ** Indian oil-to-telecoms conglomerate Reliance Industries
Ltd  RELI.NS  said its solar unit Reliance New Energy Solar Ltd
(RNESL) will buy preferred shares of German firm NexWafe worth
25 million euros ($28.82 million).  urn:newsml:reuters.com:*:nL1N2R81TT
    
    ** India's Zee  ZEE.NS  said top shareholder Invesco's
opposition to a proposed merger of the TV network with Sony's
 6758.T  India unit is hypocritical because the U.S. investment
firm pitched a deal with similar terms earlier this year.
 urn:newsml:reuters.com:*:nL1N2R81MW
    
    ** French engineering company SPIE  SPIE.PA  said it was
withdrawing from a race to buy utility Engie's  ENGIE.PA  Equans
services unit.  urn:newsml:reuters.com:*:nL1N2R81SQ
    
    ** French food retailer Auchan explored a deal with a blank
cheque company backed by telecoms mogul Xavier Niel and banker
Matthieu Pigasse before a failed attempt to tie up with rival
Carrefour, three sources familiar with the matter told Reuters.
 urn:newsml:reuters.com:*:nL8N2R83K3
    
    ** Swedish real estate firm Balder  BALDb.ST  will make a
mandatory offer for all the shares in Entra  ENTRA.OL  after
raising its stake to 34%, it said in the latest twist in a
protracted three-way battle for the Norwegian company.
 urn:newsml:reuters.com:*:nL1N2R81F5
    
    ** Business information provider S&P Global Inc  SPGI.N  is
set to secure EU antitrust approval for its $44 billion takeover
of IHS Markit Ltd  INFO.N , three people familiar with the
matter said, taking it a step closer to becoming a data
powerhouse.  urn:newsml:reuters.com:*:nL1N2R8194
    
    ** Former U.S. President Donald Trump's family company is in
advanced talks to sell the rights to its hotel in Washington,
D.C., in a deal worth more than $370 million, the Wall Street
Journal reported.  urn:newsml:reuters.com:*:nL4N2R82YD
    
    ** Columbia Banking System Inc  COLB.O  is to acquire larger
rival Umpqua Holdings Corp  UMPQ.O  in an all-stock deal worth
$5.1 billion, the duo said, consolidating their banking
footprints along the U.S. West Coast.  urn:newsml:reuters.com:*:nL4N2R82FF
    
    ** Russian tech giant Yandex  YNDX.O  is expanding in Israel
with the acquisition of electric scooter rental company Wind,
adding to its taxi and food delivery services in the country.
 urn:newsml:reuters.com:*:nL8N2R830D
    
    ** Vroom Inc  VRM.O  said it would buy automotive lender
United Auto Credit Corp for $300 million in cash, as the online
used car retailer seeks to offer financing options for its
shoppers.  urn:newsml:reuters.com:*:nL4N2R826H
    
    ** A consortium led by Aguila Energia has placed the highest
bid for Brazilian state-run oil company Petrobras' Bahia onshore
fields, offering over $1.5 billion, according to two sources
with knowledge of the situation.  urn:newsml:reuters.com:*:nL1N2R800S
    
    ** EU antitrust regulators have resumed their scrutiny of
U.S. life sciences company Illumina's  ILMN.O  bid for Grail Inc
 GRAL.O  after a two-month temporary halt and will decide by
Feb. 4 whether to clear the deal, a European Commission filing
showed.  urn:newsml:reuters.com:*:nL1N2R80HH
    
    **Israeli satellite operator Spacecom  SCC.TA  said that
Budapest-based 4iG  IGNY.BU  agreed to buy a 51% stake in the
company for $68 million through a private shares
placement. urn:newsml:reuters.com:*:nL8N2R81O9

 (Compiled by Rajarshi Roy, Dania Nadeem and Ruhi Soni in
Bengaluru)
 ((Ruhi.Soni@thomsonreuters.com))