Deals of the day-Mergers and acquisitions

Haitong International Securities

27/09/2023 10:50

Sept 27 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Wednesday:
    
    ** A court placed Alita Resources  ALIT.SI  into
liquidation, paving the way for Australia's Mineral Resources
 MIN.AX  to acquire the Bald Hill lithium mine.
     urn:newsml:reuters.com:*:nL4N3B328K

    ** Romanian telecom company Digi  DIGI.BX  is in talks with
Macquarie  MQG.AX  and Abrdn  ABDN.L  to sell a stake in its
optic fibre network in Spain to raise cash to invest in the
country, newspaper Expansion said , citing unidentified sources
with knowledge of the process.
     urn:newsml:reuters.com:*:nL8N3B31VW
    
    ** Cryptocurrency exchange Binance said it will sell its
Russia business to newly-launched exchange CommEX, becoming the
latest company to pull out of Moscow since the country began its
war against Ukraine.
     urn:newsml:reuters.com:*:nL4N3B31X9
    
    ** Fanduel and Paddy Power owner Flutter  FLTRF.L  said  it
had bought an initial 51% stake in Serbia's number two sports
betting and gaming operator MaxBet for 141 million euros
($148.95 million) in a bid to expand in the Balkans.
     urn:newsml:reuters.com:*:nL1N3B30FA
    
    ** Haitong Securities  600837.SS  plans to buy the remainder
of its Hong Kong-listed subsidiary Haitong International
 0665.HK  in a bid to stem the offshore investment banking arm's
losses, two sources with knowledge of the matter said.
     urn:newsml:reuters.com:*:nL4N3B3156
    
    ** British insurer Hiscox  HSX.L  said  it has agreed to
sell DirectAsia, its motor insurance business in Singapore and
Thailand, to Ignite Thailand Holdings following a strategic
review.
     urn:newsml:reuters.com:*:nL4N3B31AE
    
    ** The Canadian government will review a planned merger
between U.S. grains merchant Bunge  BG.N  and Glencore-backed
 GLEN.L  Viterra, the transport minister said in a statement on
Tuesday.
     urn:newsml:reuters.com:*:nL1N3B22DV
    
    ** Italy's Treasury could sell an 8% stake in
state-controlled bank Monte dei Paschi di Siena (MPS) in the
first ten days of October, the Il Messaggero newspaper reported.
     urn:newsml:reuters.com:*:nL8N3B30RZ

 (Compiled by Rajarshi Roy and Granth Vanaik in Bengaluru)
 ((Granth.Vanaik@thomsonreuters.com))