Deals of the day-Mergers and acquisitions

HANKOOK & COMPANY

05/12/2023 10:39

Dec 5 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Tuesday:

    ** Spanish retailer DIA  DIDA.MC  has agreed to sell its
perfume store chain Clarel to Colombian investment company Grupo
Trinity, it said, having abandoned a sale of the business last
August.  urn:newsml:reuters.com:*:nL8N3D01FE
    
    ** SoftBank Corp  9434.T  will invest roughly 473 million
euros ($514 million) to take a 51% equity stake in Cubic Telecom
that will give the Dublin-based connected-vehicle technology
provider greater access to Asian automakers.  urn:newsml:reuters.com:*:nL1N3D00DG

    ** South Korean private equity firm MBK Partners said it had
launched a tender offer to acquire a minimum of a 20.35% stake
in battery storage maker Hankook & Company  000240.KS .
 urn:newsml:reuters.com:*:nL4N3D00X5
    
    ** Australian gold miner Evolution Mining  EVN.AX  has
agreed to buy an 80% stake in the Northparkes copper-gold mine
in New South Wales state from Chinese miner CMOC Group
 603993.SS  for up to $831 million, the two companies said.
 urn:newsml:reuters.com:*:nL4N3CZ440
    
    ** Rio Tinto  RIO.AX , the world's largest iron-ore
producer, has approved $77 million for the development of the
Rhodes Ridge project in Western Australia, the company said.
 urn:newsml:reuters.com:*:nL4N3CZ43J

 (Compiled by Rajarshi Roy and Aishwarya Jain in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;
aishwarya.jain@thomsonreuters.com))