Deals of the day-Mergers and acquisitions

Banca Transilvania

09/02/2024 15:38

(Adds: BASF, OTP Group, Owens Corning   Updates: Saras)
       Feb 9 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Friday:

        ** Italy's Moratti family confirmed that they were in
contact with global commodity trader Vitol over the future of
oil refiner Saras  SRS.MI , in which they own a controlling
stake.
  
         urn:newsml:reuters.com:*:nL8N3EU2FX
  
    
        ** BASF  BASFn.DE  said that it would sell its stakes in
two joint ventures in Xinjiang, north-west China, a region where
human rights groups have documented abuses, including forced
labour in detention camps.
  
         urn:newsml:reuters.com:*:nL8N3EU4BE
  
        
  
        ** OTP Group  OTPB.BU  signed a binding agreement with
Banca Transilvania (BT)  ROTLV.BX  to sell its stake in OTP Bank
Romania for a combined purchase price of 347.5 million euros
($374.57 million), the bank said in a statement.
  
         urn:newsml:reuters.com:*:nS8N3CW03V
  
        
  
        ** Owens Corning  OC.N  said it will buy door maker
Masonite International  DOOR.N  for $3.9 billion in an all-cash
deal, as it looks to beef up its home-building portfolio and
expand its reach.
  
         urn:newsml:reuters.com:*:nL4N3EU261
  

    ** Barclays  BARC.L  will buy most of the banking operations
of Britain's biggest supermarket group Tesco  TSCO.L  for about
600 million pounds ($757 million), the companies said .
     urn:newsml:reuters.com:*:nL4N3EU1B8
    
    ** Grab Holdings  GRAB.O  and GoTo  GOTO.JK , Southeast
Asia's biggest ride-hailing companies, have restarted talks for
a merger, Bloomberg News reported .
     urn:newsml:reuters.com:*:nL4N3EU128

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