Deals of the day-Mergers and acquisitions

Applied Nutrition

16/04/2026 10:53

April 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday:

** State-owned oil firm Sonangol's refinery division Sonaref has not received any formal communication from Botswana signalling its desire to acquire a stake in Angola's new $6.6 billion Lobito refinery, a senior company executive said late on Tuesday.

nL8N40X1II

** Georgia's BasisBank, owned by Chinese conglomerate Hualing Group, has acquired a 95.99% ownership stake in Liberty Bank, the South Caucasus country's third-largest lender, BasisBank said on Thursday.

nL8N40Z0G0

** British sportswear retailer JD Sports Fashion  has sold its entire 9.1% stake in Applied Nutrition  for about 49 million pounds ($66.47 million), a bookrunner said on Thursday.

nL6N40Z0HB

** Fred Blackford, a British tech investor who heads Future Positive Global, has accumulated a stake worth more than $500 million in TikTok-owner ByteDance, he told the FT in an interview published on Thursday.

nL6N40Z0AF

** Elliott Investment Management said on Thursday it has taken a stake in Daikin <6367.T> and thinks the manufacturer of air conditioners should improve margins and shareholder returns and review non-core assets.

nL1N40Y17Z

(Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)

((Sahil.Pandey@thomsonreuters.com))