Deals of the day-Mergers and acquisitions

China Cultural Tourism and Agriculture

18/11/2022 21:00

(Adds TFG, Lufthansa, North American RNG producers, Ranger Oil;
Updates NextEra Energy, Canal Plus TV, Rio Tinto)
       Nov 18 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2050 GMT on Friday:
    ** Ranger Oil Corp  ROCC.O  is exploring a potential sale as
the south Texas oil and gas producer looks to capitalize on high
energy prices to pursue strategic options, people familiar with
the matter said.  urn:newsml:reuters.com:*:nL4N32E3F3
    ** The owners of two North American renewable natural gas
(RNG) producers have put them up for sale, after new U.S. tax
incentives and recent big investments in the sector gave hope
they can cash out for top dollar, people familiar with the
matter said.  urn:newsml:reuters.com:*:nL8N32C70Y
    ** Lufthansa  LHAG.DE  is still interested in buying into
state-controlled Italian carrier ITA Airways, a spokesman said,
despite reports that its original partner in the mooted deal had
pulled out.  urn:newsml:reuters.com:*:nL8N32E446
    ** South African retailer TFG  TFGJ.J  is exploring a bid to
take control of Britain's Joules Group  JOUL.L , Sky News
reported, days after the struggling clothing company went into
administration.  urn:newsml:reuters.com:*:nL4N32E31W 
    ** NextEra Energy Partners LP  NEP.N  said it had signed a
deal to acquire some solar and wind assets for $805 million, as
the company looks to expand its renewables portfolio on surging
demand for clean energy.  urn:newsml:reuters.com:*:nL4N32E2VV
    ** Vivendi's  VIV.PA  Canal Plus TV arm is in exclusive
talks to buy the film and pay TV operations of Orange  ORAN.PA 
in a deal that would allow it to add nearly 3 million
subscribers and close in on Netflix in France, a source told
Reuters.  urn:newsml:reuters.com:*:nL1N32E14B
    ** Spanish engineering firm Sacyr  SCYR.MC  has hired
investment banks to sell 49% stakes in its cleaning services and
water units to raise as much as 600 million euros ($623
million), a spokesperson for the company said.  urn:newsml:reuters.com:*:nL1N32E0G6
    ** Australian share registry firm Link Administration
 LNK.AX  said it would sell about 10% of its holding in PEXA
Group  PXA.AX  at A$13.50 per share and distribute the remaining
stake to its shareholders.  urn:newsml:reuters.com:*:nL4N32E16M
    **  Rio Tinto Ltd  RIO.AX  said it would plough ahead with a
$3.3 billion bid to buy the 49% of Canada's Turquoise Hill
Resources  TRQ.TO  that it does not already own, after it ended
separate talks with dissenting minority shareholders.
 urn:newsml:reuters.com:*:nL4N32D3RV
    ** BHP Group Ltd  BHP.AX  has delivered a A$9.6 billion
($6.5 billion) bid for copper and gold producer OZ Minerals
 OZL.AX  as the mining major moves to take advantage of rising
global demand for metals used in clean energy and electric cars.
 urn:newsml:reuters.com:*:nL4N32D3SV
    ** Australia's Nitro Software Ltd  NTO.AX  said it would not
allow its largest shareholder and suitor Potentia Capital access
to its books without making a superior bid that could trump an
offer made by KKR Inc's  KKR.N  Alludo.  urn:newsml:reuters.com:*:nL4N32D45X
    ** Private equity firm KKR & Co  KKR.N  is seeking buyers
for Canadian oil and gas producer Westbrick Energy Ltd to cash
in on high energy prices, in a potential deal valued at around
C$1.5 billion to C$2.0 billion ($1.13 billion to $1.5 billion),
two sources familiar with the matter said on Thursday.
 urn:newsml:reuters.com:*:nL1N32D32Y
 (Compiled by Rajarshi Roy, Sriparna Roy and Granth Vanaik in
Bengaluru)
 ((Granth.Vanaik@thomsonreuters.com))