Deals of the day-Mergers and acquisitions
10/01/2025 10:44
Jan 10 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Friday:
** SOCAR Turkey has signed an agreement to sell its natural
gas distribution subsidiaries Bursagaz and Kayserigaz to Aksa
Dogalgaz.
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** Britain's Alliance Pharma ALAPH.L said it has agreed to
be acquired by asset management firm DBAY Advisors in an
all-cash deal valuing the healthcare group at 349.7 million
pounds ($429.6 million).
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** Philippines-based Citicore Renewable Energy CREC.PS
said Indonesian state-owned oil firm Pertamina will buy a 20%
stake in the pure-play renewable energy company for 6.70 billion
pesos ($114.8 million).
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** Advertising company Clear Channel Outdoor CCO.N said on
Thursday it was selling the Europe-North section of its business
to a subsidiary of Bauer Media Group for $625 million in cash as
part of its strategy to focus more on the U.S. region.
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** The Norwegian government said on Thursday it has sold its
6.11% stake in Aker Solutions AKSOA.OL , a supplier of
engineering and construction services and technology for the
energy sector, for around 963 million crowns ($84.5 million).
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** Gamma Intermediate completed the sale of 9.5% of
Lottomatica LTMC.MI through an accelerated bookbuilding
process, raising some 300 million euros, the group said on
Thursday.
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(Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)
((prakhar.srivastava2@thomsonreuters.com;))