Deals of the day-Mergers and acquisitions

Evraz

08/09/2022 16:21

(Adds: Evraz Plc, Digital World Acquisition Corp, Telecom
Italia, Deutsche Bahn, Greece-Kalamata)
    Sept 8 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Thursday:
    
    ** United States Steel Corp  X.N  and Nucor Corporation
 NUE.N  are likely bidders for the North American unit of
Russian steel producer Evraz Plc  EVRE.L , though Canada's
sanctions against Russia complicate the process, according to
steel sector industry executives and investment bankers.
 urn:newsml:reuters.com:*:nL1N3071CM
    
    ** Digital World Acquisition Corp, the blank-check
acquisition firm that agreed to merge with former U.S. President
Donald Trump's social media company, further postponed a
critical shareholder meeting, marking the second delay of the
day.  urn:newsml:reuters.com:*:nL1N30F1Y5
    
    ** Telecom Italia (TIM)  TLIT.MI  is close to kicking off a
process to sell a minority stake in its enterprise service arm,
two sources close to the matter said, as CEO Pietro Labriola
strives to revamp Italy's biggest phone group.  urn:newsml:reuters.com:*:nL8N30F4Q2
    
    ** The German government has agreed in principle with
Deutsche Bahn  DBN.UL  to sell the rail operator's Schenker
logistics business, government and company sources told Reuters.
 urn:newsml:reuters.com:*:nL8N30F3TO 
    
    ** Greece has launched a tender for the long-term lease of
its southern regional airport of Kalamata as the country seeks
infrastructure investments to tap its all-important tourism
industry, its sovereign wealth fund HCAP said.  urn:newsml:reuters.com:*:nL1N30F1UU
    
    ** China's Yankuang Energy  600188.SS  said it had walked
away from a potential deal to buy the remaining shares in its
majority-owned unit, Yancoal Australia  YAL.AX , due to recent
market conditions.  urn:newsml:reuters.com:*:nL4N30F29O
    
    ** Britain's Royal Mail  RMG.L  said it was not involved in
talks with a private-equity firm over a potential sale of the
postal group amid a clash with its largest labour union over
pay.  urn:newsml:reuters.com:*:nL4N30F2F7
    
    ** Crédit Agricole  CAGR.PA  has bought a majority stake in
its Egyptian subsidiary Crédit Agricole Egypt  CIEB.CA , the
Egyptian bank said.  urn:newsml:reuters.com:*:nL8N30F2CQ
    
    ** Indonesia may form a consortium to take over a 35% stake
in the Masela gas project held by Shell  SHEL.L  after the
company signaled its intention to withdraw, the investment
minister said.  urn:newsml:reuters.com:*:nL1N30F0H7
    
    ** Brazilian brokerage Avenue Holdings Inc expects to reach
the 1 million customer mark soon, an executive said, after
Brazil's largest private lender Itau Unibanco  ITUB4.SA  agreed
to acquire a stake in the firm.  urn:newsml:reuters.com:*:nL1N3090Y3

    ** German Finance Minister Christian Lindner sought to damp
speculation about the government's stake in Commerzbank
 CBKG.DE  that it acquired during a bailout more than a decade
ago.  urn:newsml:reuters.com:*:nL8N30F1CP
    
    ** U.S. technology investment firm Thoma Bravo said it would
not make an offer for Darktrace  DARK.L  after it failed to
agree the terms of a deal for the British cybersecurity company.
 urn:newsml:reuters.com:*:nL8N30F0WT
    
    ** Finnish forestry group Stora Enso  STERV.HE  said it had
agreed to buy Dutch packaging company De Jong for an enterprise
value of 1.02 billion euros ($1.02 billion) which includes 250
million in lease liabilities.  urn:newsml:reuters.com:*:nL8N30F0WM
    
    ** Telecoms firm Ooredoo  ORDS.QA  has signed an agreement
to sell its Myanmar unit to Singapore vehicle Nine
Communications Pte Ltd, the Qatari company said.  urn:newsml:reuters.com:*:nL1N30F0A3
    
    ** Swedish real estate firm SBB  SBBb.ST  said it had signed
a letter of intent to divest a property portfolio at a value of
nearly 9 billion krona ($840.33 million).  urn:newsml:reuters.com:*:nFWN30E1GW
    
    ** The Australian competition regulator said it will not
oppose an A$2.47 billion ($1.67 billion) acquisition of Link
Administration Holdings  LNK.AX  by Canada's Dye & Durham Ltd
 DND.TO , if it divests its existing local business.
 urn:newsml:reuters.com:*:nL4N30E483
    
    ** Australian online property settlement firm PEXA Group Ltd
 PXA.AX  said it will acquire UK-based remortgage processing
firm Optima Legal, at a time when rising interest rates are
expected to push people to switch their lenders.  urn:newsml:reuters.com:*:nL4N30E461
    
    ** Elon Musk's can use a whistleblower's claims in his legal
case against Twitter Inc  TWTR.N  but the billionaire cannot
delay the trial over his attempt to walk away from his $44
billion deal for the company, a judge ruled
Wednesday. urn:newsml:reuters.com:*:nL1N30E18A

 (Compiled by Rajarshi Roy, Pratik Jain and Manya Saini in
Bengaluru; Editing by Anil D'Silva)
 ((Pratik.Jain@thomsonreuters.com;))