Deals of the day-Mergers and acquisitions

HANKOOK & COMPANY

05/12/2023 14:58

(Adds: Auchan, Fortissimo Capital  Updates:)
       Dec 5 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Tuesday:

        ** French retailers Auchan and Intermarche, which last
week submitted a joint bid to buy the French hypermarket and
supermarket stores that debt-laden rival Casino  CASP.PA  is
seeking to offload, said  they have also entered talks to create
a joint purchasing alliance.  urn:newsml:reuters.com:*:nL8N3D041H
  
        
  
        ** Private equity fund Fortissimo Capital is negotiating
to buy a controlling share of Israeli telecom group Cellcom
 CEL.TA  from Discount Investment Corp, according to a
regulatory filing in Tel Aviv.  urn:newsml:reuters.com:*:nL8N3D03K4
  
    
    ** 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))