Deals of the day-Mergers and acquisitions
19/12/2023 21:43
(Adds Petrobras, Mumtalakat, Raiffeisen Bank International,
Telefonica, Fortenova, Shopee, DFL, Hyundai; Updates Cevian,
E.ON)
Dec 19 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2130 GMT on Tuesday:
** Brazil's government believes state-run oil firm Petrobras
PETR4.SA could increase its stake in petrochemical producer
Braskem BRKM5.SA to facilitate an eventual sale to foreign
buyers, a person familiar with the discussions said.
urn:newsml:reuters.com:*:nL1N3DE1XP
** Bahrain's sovereign wealth fund Mumtalakat is talks
about a deal with minority investors of luxury automaker McLaren
Group that would effectively see the fund becoming McLaren's
sole owner, Sky News reported. urn:newsml:reuters.com:*:nL1N3DE2L5
** Austria's Raiffeisen Bank International RBIV.VI , one of
the banks in Europe most exposed to Russia, said that it would
take a nearly 28% stake in Austrian construction group Strabag
STRV.VI as both companies try to limit their ties to Russia.
urn:newsml:reuters.com:*:nL1N3DE22J
** The Spanish government will acquire a stake of up to 10%
in Telefonica TEF.MC through the state holding company SEPI in
a counterbalance to the acquisition of a large stake in the
telecoms giant by Saudi Arabia's STC. urn:newsml:reuters.com:*:nL8N3DE5IL
** Shareholders of food company Fortenova on Tuesday
approved the company´s sale by its Dutch parent company
Fortenova Group TopCo B.V. to Dutch company Iter BidCo BV for
660 million euros ($724.42 million), Fortenova Group said in a
statement. urn:newsml:reuters.com:*:nL1N3DE1N7
** E-commerce firm Shopee bought Brazilian fintech Blu's
local credit arm, according to a regulatory filing, as the
Singapore-based company aims to offer credit directly to
customers living in Latin America's largest economy.
urn:newsml:reuters.com:*:nL1N3DE1JC
** The German Football League (DFL) has narrowed the list of
bidders seeking a stake in its soon-to-be created media rights
company down to three parties, a source familiar with the matter
told Reuters. urn:newsml:reuters.com:*:nL8N3DE5G7
** South Korea's Hyundai Motor 005380.KS plans to sell its
plant in Russia for a nominal 7,000 roubles ($77.67), a company
official said, making it the latest global automaker to sell
Russian assets since the outbreak of the war in Ukraine.
urn:newsml:reuters.com:*:nL1N3DE0J7
** Centrica's British Gas CNA.L and E.ON EONGU.UL were
given the go-ahead to continue their legal battle over Britain's
financial support for Octopus Energy to acquire collapsed energy
supplier Bulb. urn:newsml:reuters.com:*:nL8N3DE3MQ
** Insolvent European property company Signa is holding
talks to potentially sell its stake in New York's Chrysler
Building and is shedding its private jet, its administrator
said, a significant development in the salvaging of founder Rene
Benko's real estate empire. urn:newsml:reuters.com:*:nL8N3DE3OD
** Blackstone Inc BX.N will sell its entire 23.59% stake
valued at $833 million in India's largest real estate investment
trust Embassy Office Parks EMBA.NS , four years after it was
first listed, according to a term sheet seen by Reuters and a
person with direct knowledge. urn:newsml:reuters.com:*:nL4N3DE30P
** U.S. agribusiness Archer-Daniels-Midland ADM.N said it
would buy UK-based flavor and ingredient firm FDL, as the
company looks to expand its nutrition business. urn:newsml:reuters.com:*:nL4N3DE30G
** Pepsi India bottler Varun Beverages VARB.NS said it
will buy South Africa-based The Beverage Company in a deal
valued at 13.2 billion rupees ($158.71 million), enabling it an
entry into Africa's largest market. urn:newsml:reuters.com:*:nL4N3DE2K0
** Abu Dhabi satellite operator Yahsat YAHSAT.AD and
geographic data and analytics provider Bayanat BAYANAT.AD have
agreed an all-share merger to create the region's first
AI-powered space technology company, they said. urn:newsml:reuters.com:*:nL4N3DE1RD
** Cevian Capital has taken a 1.3% stake in UBS UBSG.S ,
worth around 1.2 billion euros ($1.31 billion), the activist
investor group said, betting on a two-fold recovery of its
shares following the takeover of Credit Suisse. urn:newsml:reuters.com:*:nL8N3DE106
** Investors in Australian lithium producer Allkem AKE.AX
voted to accept a $10.6 billion merger offer from U.S. giant
Livent LTHM.N that would create one of the world's biggest
lithium companies. urn:newsml:reuters.com:*:nL1N3DE04C
** Sony Group Corp's 6758.T Indian unit said that it has
not yet agreed to prolong a merger deadline with India's Zee
Entertainment Enterprises ZEE.NS , days after the latter sought
an extension. urn:newsml:reuters.com:*:nL4N3DE0Z0
** Chile's SQM SQMA.SN has teamed up with Australia's
richest person, Gina Rinehart, to make a sweetened A$1.7 billion
($1.14 billion) bid for Australian lithium developer Azure
Minerals AZS.AX , the three parties said. urn:newsml:reuters.com:*:nL4N3DD4DX
** Mexico's Grupo Carso reached an agreement to indirectly
purchase for $530 million a 50% stake in the offshore, shallow
water Ichalkil and Pokoch oil fields, according to a company
filing published on Monday. urn:newsml:reuters.com:*:nL1N3DE03F
** Nippon Steel 5401.T shares sank more than 5% early
after it clinched a deal to buy U.S. Steel X.N for $14.9
billion in cash. urn:newsml:reuters.com:*:nL1N3DE00I
(Compiled by Rajarshi Roy and Aatreyee Dasgupta in Bengaluru)
((Aatreyee.Dasgupta@thomsonreuters.com))