Deals of the day-Mergers and acquisitions

Arvida

22/07/2024 11:08

July 22 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Monday:

    ** British shopping mall owner Hammerson  HMSO.L  said it is
selling its 42% stake in luxury shopping centre operator Value
Retail to LVMH-backed private equity firm L Catterton for an
enterprise value of 1.5 billion pounds ($1.94 billion).
 urn:newsml:reuters.com:*:nL4N3JE0FI

    ** Goodyear Tire & Rubber  GT.O  announced it will sell its
off-the-road tire business to Japan's Yokohama Rubber  5101.T 
for $905 million in cash, as part of its strategic
transformation plan.  urn:newsml:reuters.com:*:nL4N3JE0J7

    ** Britain's Vodafone  VOD.L  said it sold a further 10%
stake in Vantage Towers for 1.3 billion euros ($1.4 billion),
bringing its ownership in a group which controls European mobile
phone masts down to its intended level with infrastructure
investors.  urn:newsml:reuters.com:*:nL8N3JE08W

    ** Australia's Woodside Energy  WDS.AX  said it had agreed
to buy U.S. liquefied natural gas developer Tellurian  TELL.A ,
including its U.S. Gulf Coast Driftwood LNG export project, for
$1.2 billion including debt.  urn:newsml:reuters.com:*:nL1N3JE014
    
    ** U.S.-based private equity firm Stonepeak said it would
buy New Zealand's Arvida Group  ARV.NZ  for NZ$1.24 billion
($745.74 million) excluding debt, sending the aged care
provider's shares up nearly 60% to the highest in more than two
years.  urn:newsml:reuters.com:*:nL1N3JE00O
    
    ** Porsche is considering taking a minority stake in Varta
as a way to safeguard a potential investment in the battery
maker's large-format lithium-ion battery business disclosed
earlier this month, the Frankfurter Allgemeine Zeitung newspaper
reported.  urn:newsml:reuters.com:*:nL8N3JD04W

 (Compiled by Rajarshi Roy anad Priyanka.G in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))