Deals of the day-Mergers and acquisitions

Enercity AG

26/03/2021 20:08

(Adds Axios, Made in Italy Fund, Nornickel, WeWork, Societe
Generale, National Bank of Greece, Enercity, updates KAZ
Minerals)
    March 26 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Friday:
    
    
    ** A consortium aiming to take copper miner KAZ Minerals
 KAZ.L  private has increased its bid by 9% to 4.02 billion
pounds ($5.5 billion) after minority shareholders indicated they
would reject earlier proposals for being too low.  urn:newsml:reuters.com:*:nL4N2LO1T6
    
    ** News website Axios and sports media firm the Athletic are
in talks to merge and could go public through a blank-check
company, the Wall Street Journal reported, citing people
familiar with the matter.  urn:newsml:reuters.com:*:nL4N2LO2R6
    
    ** Societe Generale  SOGN.PA  is in advanced talks with both
France's Amundi and U.S. firm State Street to sell its Lyxor
asset management unit as part of efforts to boost profitability,
four sources told Reuters.  urn:newsml:reuters.com:*:nL8N2LO397
    
    ** WeWork said it has agreed to go public through a merger
with blank-check firm BowX Acquisition Corp  BOWX.O , enabling
the office-sharing company to complete a stock market listing
two years after its failed first attempt.  urn:newsml:reuters.com:*:nL4N2LO2G8
    
    ** National Bank of Greece (NBG)  NBGr.AT , one of the
country's four largest lenders, reported higher net profit for
2020 and said it agreed to sell a 90% stake in its insurance
unit to private equity group CVC Capital Partners' Fund VII.
 urn:newsml:reuters.com:*:nL8N2LO5BD
    
    ** The German city of Hanover's power utility, Enercity,
said it has sold shares in its vehicle charging firm wallbe to
Compleo Charging Solutions  COM.DE  for 34.8 million euros
($41.05 million).  urn:newsml:reuters.com:*:nL8N2LO3MD
    
    ** Russian metals producer Nornickel  GMKN.MM  said it would
spin off its stake in the Bystrinsky copper and gold mine and
distribute it among its own shareholders.  urn:newsml:reuters.com:*:nL1N2LO1YX
    
    ** British energy supplier Octopus Energy Group said it
would acquire its sister company and clean energy investor,
Octopus Renewables, making it one of the biggest renewables
operators and investors in Europe. urn:newsml:reuters.com:*:nL1N2LO0ED
    
    ** Spain's Banco Santander  SAN.MC  said it will offer to
buy the 8.3% stake in its Mexican unit it doesn't already own,
strengthening its grip on its Latin American businesses.
 urn:newsml:reuters.com:*:nL1N2LO0AF
    
    ** Aviva  AV.L  has sold its Polish operations to Germany's
Allianz  ALVG.DE  for 2.5 billion euros ($2.94 billion) in cash,
completing a programme to sell European and Asian assets begun
last year, the British insurer said.  urn:newsml:reuters.com:*:nL8N2LO18J
    
    ** A consortium led by Italy's state-lender CDP is set to
raise its offer for Atlantia's  ATL.MI  motorway unit,
Autostrade per l'Italia, to value all of the company at more
than 9.5 billion euros (11.19 billion), daily Il Messaggero
said.  urn:newsml:reuters.com:*:nL8N2LO0X5
    
    ** South Korea's LG Corp  003550.KS  shareholders approved
the company's plan to spin off five affiliates, which LG said
would allow it to focus on existing core businesses such as
electronics, chemicals and telecommunications services.
 urn:newsml:reuters.com:*:nL4N2LN2CM

    ** Annaly Capital Management Inc  NLY.N  has agreed to sell
its commercial real estate business to investment firm Slate
Asset Management in a deal valued at $2.33 billion to sharpen
its focus on its core residential mortgage finance business.
 urn:newsml:reuters.com:*:nL4N2LN4DR

 (Compiled by Dania Nadeem and Arundhati Sarkar in Bengaluru)
 ((Dania.Nadeem@thomsonreuters.com))