Deals of the day-Mergers and acquisitions

De Grey Mining

02/12/2024 11:09

Dec 2 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Monday:

    ** Hong Kong telecommunications company HKBN  1310.HK  said 
it has received a rival non-binding indication from U.S. private
equity firm I Squared Capital for a possible
takeover. urn:newsml:reuters.com:*:nL3N3N30IX
    
    ** Britain's Supreme  SUP.L  has bought out the loss-making
tea brand Typhoo Tea from administration in a 10.2 million pound
($12.94 million) deal, the fast-moving consumer products seller
said.  urn:newsml:reuters.com:*:nL3N3N30GZ
    
    ** Russian supermarket chain Lenta  LENT.MM  said it had
acquired Russia's second-largest chain of pharmacy stores for an
undisclosed sum, adding over 1,500 stores to Lenta's portfolio
and giving the company a foothold in Russia's cosmetics
market. urn:newsml:reuters.com:*:nL2N3N306Z
    
    ** Australia's No. 1 telecom firm Telstra Group  TLS.AX 
said it had acquired prepaid mobile services provider and
long-running network partner Boost Mobile to consolidate its
operations under one offering. urn:newsml:reuters.com:*:nL3N3N304N
    
    ** Australian gold miner Northern Star Resources  NST.AX 
said it will buy De Grey Mining  DEG.AX  in an all-share deal
valuing the smaller miner at A$5 billion ($3.3 billion) as high
gold prices spur consolidation in the sector. urn:newsml:reuters.com:*:nL2N3N207Q
    
    ** Swiss cement maker Holcim  HOLN.S  will exit its Nigerian
business through the sale of its almost 84% stake in Lafarge
Africa  WAPCO.LG  to China's Huaxin Cement  600801.SS  in a $1
billion deal, it said on Sunday.  urn:newsml:reuters.com:*:nL2N3N201T

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