Deals of the day-Mergers and acquisitions

ASIANA AIRLINES

03/12/2024 14:42

(Adds: BlackRock, Constellation Brands Updates: Korean Air)
       Dec 3 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Tuesday:

        ** BlackRock  BLK.N  will buy private credit firm HPS
Investment Partners for about $12 billion in an all-stock deal,
the companies said, as the world's largest asset manager seeks
to expand in a red-hot market.
  
         urn:newsml:reuters.com:*:nL3N3N40P4
  
    
        ** Constellation Brands  STZ.N  said it would sell its
Svedka vodka to New Orleans-based Sazerac, as the Corona beer
maker looks to focus on its premium wine and spirits business.
  
         urn:newsml:reuters.com:*:nL3N3N40W8
  
        
  
        ** Korean Air  003490.KS  expects to complete its
drawn-out purchase of indebted South Korean rival Asiana
Airlines  020560.KS  next week, as long as U.S. anti-trust
regulators do not object to the creation of one of Asia's
biggest carriers.
  
         urn:newsml:reuters.com:*:nL2N3N4071    
  
    
    ** French oil major TotalEnergies  TTEF.PA  is close to
acquiring renewable developer VSB Group from private equity firm
Partners Group  PGHN.S  for about 2 billion euros ($2.10
billion), Bloomberg News reported.  urn:newsml:reuters.com:*:nL6N3N40DQ

    ** Australian telecom major Telstra's  TLS.AX  pension fund
arm TelstraSuper will merge with bigger peer Equip Super
creating a combined fund that would manage around A$60 billion
($38.8 billion), the funds said in a joint statement.
 urn:newsml:reuters.com:*:nL2N3N401A

    ** General Motors  GM.N  said on Monday it will sell its
stake in its joint venture battery plant in Lansing, Michigan to
partner LG Energy Solution  373220.KS  as the Detroit automaker
trims its electric vehicle plans.  urn:newsml:reuters.com:*:nL2N3N4008

 (Compiled by Rajarshi Roy and Aamir Sohail in Bengaluru)
 ((Aamir.sohail@thomsonreuters.com))