Deals of the day-Mergers and acquisitions
19/12/2024 20:38
(Adds Commerzbank, Dorna Sports, XRG, A2A, Brava Energia,
Champion Iron)
Dec 19 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2030 GMT on
Thursday:
** Germany will not subject any potential takeover of
Commerzbank CBKG.DE by Italy's UniCredit CRDI.MI to an
investment screening, a German government source said.
urn:newsml:reuters.com:*:nS8N3ML038
** The European Commission opened an in-depth
investigation into the proposed acquisition of Dorna Sports by
Liberty Media FWONA.O , the EU said in a statement urn:newsml:reuters.com:*:nL8N3NK1L3
** XRG, the international investments arm of Abu Dhabi
National Oil Company (ADNOC), will become the majority owner of
Covestro 1COVG.DE , it said, after shareholders in the German
chemicals maker approved a takeover offer. urn:newsml:reuters.com:*:nL1N3NK097
** Italian utility A2A A2.MI said it reached an
agreement to sell part of its gas distribution network in
northern Italy to smaller rival Ascopiave ASCI.MI .
urn:newsml:reuters.com:*:nL4N3NK1JB
** Brazil's Brava Energia BRAV3.SA reached an
agreement to sell assets from Potiguar Basin to PetroReconcavo
RECV3.SA , newspaper O Globo reported, citing sources.
urn:newsml:reuters.com:*:nS0N3NH02U
** Australia's Champion Iron CIA.AX said Japanese
steelmaker Nippon Steel 5401.T and trading house Sojitz
2768.T will buy a 49% stake in the company's Kami project in
Canada for C$245 million ($170.41 million). urn:newsml:reuters.com:*:nL4N3NJ1K5
** Swiss technology firm SoftwareOne SWON.S said it
had agreed to buy Crayon Group CRAYN.OL in a stock and cash
deal which values its Norwegian competitor at $1.4 billion.
urn:newsml:reuters.com:*:nL8N3NK07S
** Spanish state-held shipbuilder Navantia will acquire the
shipyards of Britain's Harland & Wolff, the Belfast-based
company best known for building the Titanic, the British
government said. urn:newsml:reuters.com:*:nL8N3NK0IS
** KKR KKR.N extended its tender offer period for Fuji
Soft 9749.T to Jan. 9 as it battles rival U.S. private equity
firm Bain Capital for control of the Japanese software maker.
urn:newsml:reuters.com:*:nL4N3NI0BR
** Czech billionaire Daniel Kretinsky's energy holding
company EPH has signed a deal to acquire Italian group Enel's
ENEI.MI stake in Slovak electricity producer Slovenske
Elektrarne, the companies said late on Wednesday. urn:newsml:reuters.com:*:nL1N3NK09L
** Finland's Fortum FORTUM.HE said it had agreed to buy a
project development portfolio for renewable power from Finnish
energy company Enersense ESENSE.HE for around 9 million euros
($9.37 million). urn:newsml:reuters.com:*:nL8N3NK0AT
** Australia's Champion Iron CIA.AX said Japanese
steelmaker Nippon Steel 5401.T and trading house Sojitz
2768.T will buy a 49% stake in the company's Kami project in
Canada for A$245 million ($152 million). urn:newsml:reuters.com:*:nL4N3NJ1K5
** Brazilian shopping malls operator Iguatemi announced on
Wednesday it signed a binding memorandum of understanding to buy
stakes in Sao Paulo's Patio Paulista and Patio Higienopolis
malls, in a deal worth nearly 2.6 billion reais ($412 million).
urn:newsml:reuters.com:*:nS0N3N0085
** South African miner Sibanye Stillwater SSWJ.J has
struck a $500 million streaming agreement with Franco-Nevada
Corp FNV.TO , Sibanye said, as it seeks to boost its finances
after a slump in platinum group metal prices. urn:newsml:reuters.com:*:nL4N3NK0HR
** Greece's biggest oil refiner Helleniq Energy HEPr.AT
has agreed to sell its 35% stake in gas supplier DEPA Commercial
to the country's privatisation agency HRADF for 208 million
euros ($216 million), Helleniq said. urn:newsml:reuters.com:*:nL8N3NK0F0
** Sony Group 6758.T said it will invest about 50 billion
yen ($320 million) to acquire new shares of Kadokawa 9468.T ,
raising its stake in the Japanese media powerhouse to around 10%
and becoming Kadokawa's top shareholder. urn:newsml:reuters.com:*:nL4N3NK0OM
(Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)
((prakhar.srivastava2@thomsonreuters.com))