Deals of the day-Mergers and acquisitions
14/05/2024 10:41
May 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Tuesday:
** Automaker Stellantis STLAM.MI will start to sell
electric vehicles (EV) from its Chinese partner Leapmotor
9863.HK in nine European countries from September to expand
its offer of budget cars, CEO Carlos Tavares said on Tuesday.
urn:newsml:reuters.com:*:nL8N3HH2WL
** Anglo American AAL.L shareholder Aegon Asset Management
said it welcomed a proposed strategy revamp at the London-listed
mining firm, as it tries to fend off a takeover bid from the
world's largest miner BHP Group BHP.AX .
urn:newsml:reuters.com:*:nL8N3HH2X5
** The company behind Saudi Arabia's vast Qiddiya sports and
entertainment complex near Riyadh will take over entertainment
business SEVEN, in a bid to expedite the multi-billion dollar
project, sources told Reuters .
urn:newsml:reuters.com:*:nL1N3HH09D
** UK's competition watchdog said it might accept Pennon
Group's PNN.L solutions to address its concerns over the water
utility's purchase of Sutton and East Surrey (SES) Water, paving
way for it to potentially clear the deal.
urn:newsml:reuters.com:*:nL4N3HH1PU
** Uber UBER.N announced a $1.25 billion deal to take
over Delivery Hero's DHER.DE foodpanda business in Taiwan and
buy new shares in the German firm in a deal that would boost
liquidity of the delivery specialist grappling with rising
competition in Asia.
urn:newsml:reuters.com:*:nL4N3HH0TQ
** Hong Kong-listed real estate fund manager ESR Group
1821.HK , currently valued at $5.4 billion, halted trading in
its shares on Monday, saying that a group of investors has
proposed to take it private.
urn:newsml:reuters.com:*:nL1N3HG08T
(Compiled by Rajarshi Roy and Abhinav Parmar in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com;))