Deals of the day-Mergers and acquisitions

Gracell Biotechnologies

26/12/2023 10:43

Dec 26 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT, on
Tuesday:

    ** AstraZeneca  AZN.L  said it will buy Gracell
Biotechnologies  GRCL.O  for up to $1.2 billion as the
Anglo-Swedish pharma company furthers its cell therapy ambitions
and boosts its presence in China, the world's second-largest
pharmaceuticals market.
     urn:newsml:reuters.com:*:nL4N3DL14V

    ** China's Fujian Aonong Biological Technology  603363.SS 
said  Dabeinong  002385.SZ  has scrapped plans to buy no less
than a 51% stake in its controlling shareholder Xiamen Aonong
investment.
     urn:newsml:reuters.com:*:nL4N3DL0VZ
    
    ** Brazilian oil company Enauta said on Monday it acquired
the entire 23% stake held by QatarEnergy Brasil Ltda in some oil
fields in the Campos Basin for a total value of $150 million.
     urn:newsml:reuters.com:*:nL1N3DL006
    
    ** A consortium led by China's Dazheng Group Acquisition has
announced a bid to acquire automation and control technology
provider Hollysys Automation Technologies  HOLI.F  in an
all-cash transaction valued at $1.8 billion, according to a
statement on Sunday.
     urn:newsml:reuters.com:*:nL1N3DJ08W
    
    ** British billionaire Jim Ratcliffe struck a long awaited
deal on Sunday to buy a 25% stake in Manchester United  MANU.L 
and pledged to invest $300 million in the English Premier League
soccer club to try to revive its fortunes.
     urn:newsml:reuters.com:*:nL1N3DJ068
    
    ** Russian President Vladimir Putin on Sunday signed a
decree clearing the way for Rosbank  ROSB.MM  to purchase stakes
in leading Russian companies owned by Societe Generale
 SOGN.PA .
     urn:newsml:reuters.com:*:nL1N3DJ038

 (Compiled by Rajarshi Roy and Sneha S K in Bengaluru)
 ((sneha.sk@thomsonreuters.com))