Deals of the day-Mergers and acquisitions

ESR

14/05/2024 14:54

(Adds: Italgas, KKR Updates, Anglo American, Uber)
       May 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Tuesday:

        ** Anglo American  AAL.L  laid out plans on Tuesday to
refocus on energy transition metal copper while spinning out or
selling its less profitable coal, nickel, diamond and platinum
businesses, as it moves to fend off BHP Group's  BHP.AX  $43
billion takeover offer urn:newsml:reuters.com:*:nL4N3HH1FT
  
        
  
        ** The possibility of buying smaller rival 2i Rete Gas
will allow Italgas  IG.MI  to consolidate its leadership in
Europe and get multiple benefits, the CEO of Italy's biggest gas
distributor said on Tuesday after reporting first-quarter
results urn:newsml:reuters.com:*:nL8N3HH1E9
  
        
  
        ** Uber  UBER.N  announced on Tuesday a $1.25 billion
deal to take over Delivery Hero  DHER.DE 's foodpanda business
in Taiwan and buy new shares in the German firm in a move that
would boost liquidity of the delivery specialist grappling with
rising competition in Asia urn:newsml:reuters.com:*:nL4N3HH0TQ
  
        
  
        ** Private equity firm KKR  KKR.N  will take UK's IQGeo
Group IQG.L private in a 316 million pounds ($396.04 million)
deal, the companies said on Tuesday, sending shares in the
geospatial software provider soaring 16% urn:newsml:reuters.com:*:nL4N3HH2IG
  
    
    ** 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
    
    ** 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
    
    ** 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;))