Deals of the day-Mergers and acquisitions

Azure Minerals

14/11/2023 14:40

(Adds: Chevron, Norway's sovereign wealth fund, Safran 
Updates: Saudi Arabia, Natura & Co)
       Nov 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Tuesday:
    
        ** Saudi Arabia has shown interest in acquiring
government stakes in Pakistan's Reko Diq gold and copper mine, a
Pakistani official said , in what would be a major deal for the
crisis-ridden $350 billion South Asian economy.
  
         urn:newsml:reuters.com:*:nL1N3CF0QV
  
    
        ** Chevron's  CVX.N  deal to buy Hess  HES.N  will
unlock $15 billion worth of tax benefits that had once been
relegated to the accounting dustbin, as the combined company
takes advantage of Hess’s past losses to cut future payments,
according to the company and tax experts.
  
         urn:newsml:reuters.com:*:nL1N3CA3E2
  
        
  
        ** Norway's sovereign wealth fund  said it had agreed to
buy a 45% stake in two properties in Boston in a joint venture
with U.S. based real estate company BXP  BXP.N .
  
         urn:newsml:reuters.com:*:nL8N3CF4Q0
  
        
  
        ** Brazilian cosmetics maker Natura & Co  NTCO3.SA  said
 it has signed a binding agreement to sell subsidiary The Body
Shop to private investor Aurelius Group in a deal with an
enterprise value of 207 million UK pounds ($254.32 million).
  
         urn:newsml:reuters.com:*:nL1N3CF0WK
  
        
  
        ** French aerospace and defence company Safran  SAF.PA  
said it signed a series of contracts worth more than $1.2
billion to equip Emirates'  EMIRA.UL  aircraft with equipment.
  
         urn:newsml:reuters.com:*:nL8N3CF4C9
  
    
    ** A Glencore-led  GLEN.L  consortium sealed one of the
mining sector's biggest deals in years, agreeing to buy Canadian
miner Teck Resources'  TECKb.TO  steelmaking coal unit for $9
billion.  urn:newsml:reuters.com:*:nL4N3CF1JG
    
    ** Portuguese oil company Galp  GALP.LS  has hired
investment bank BNP Paribas  BNPP.PA  to sell a stake of up to
49% in a portfolio of photovoltaic power plants in Spain,
newspaper Expansion reported , citing unidentified market
sources.  urn:newsml:reuters.com:*:nL1N3CF0IX 
    
    ** Adobe's  ADBE.O  $20 billion bid for cloud-based designer
platform Figma is set to face an EU antitrust warning in the
coming days, three people familiar with the matter said, a move
that would ratchet up pressure on the Photoshop maker to offer
remedies.  urn:newsml:reuters.com:*:nL1N3CF11J
    
    ** Real estate investment trust Boston Properties  BXP.N  
agreed to sell a 45% interest in two Massachusetts-based life
sciences development properties to Norges Bank Investment
Management at a gross valuation of about $1.66 billion.
 urn:newsml:reuters.com:*:nL4N3CF2G5

    ** Australia's Mineral Resources  MIN.AX  said  that it has
bought additional shares in lithium miner Azure Minerals
 AZS.AX , raising its stake to 13.56% from 12.23%.  urn:newsml:reuters.com:*:nL4N3CF257

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