Deals of the day-Mergers and acquisitions

Healius

15/12/2023 11:58

Dec 15 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT, on Friday:

    ** European broadcaster RTL Group  RRTL.DE  said that it
would sell its Dutch subsidiary RTL Nederland to Belgium-based
DPG Media in a deal worth 1.1 billion euros ($1.21 billion) that
will also see the two companies enter into a strategic
partnership.
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    ** Shell  SHEL.L  has agreed to sell its 37.5% stake in the
PCK Schwedt oil refinery, which supplies most of Berlin's fuel,
to Britain's Prax Group, hoping to draw a line under its
co-ownership in an asset majority-owned by Russia's Rosneft.
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    ** British private equity firm Providence is considering
selling Globeducate, a school business based in Spain and worth
about 1 billion euros ($1.10 billion), newspaper Cinco Dias
reported, citing unidentified financial sources.
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    ** Hong Kong's Vinda International  3331.HK  said 
Indonesian billionaire Sukanto Tanoto-owned Royal Golden Eagle
(RGE) has made an offer to acquire the tissue and diaper maker
for up to HK$26.13 billion ($3.35 billion).
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    ** Czech defence and industrial company Czechoslovak Group
has agreed to acquire an 80% stake in Italian high-end sporting
and hunting shotgun maker Armi Perazzi, CSG said.
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    ** India's Adani Ports  APSE.NS  said it will sell a 49%
stake in its Ennore Container Terminal located in the southern
city of Chennai to a unit of global shipping giant Mediterranean
Shipping Company for about 2.47 billion rupees ($29.65 million).
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    ** Australia's competition regulator has killed the $1
billion takeover of Healius  HLS.AX  by rival Australian
Clinical Labs  ACL.AX  in its fourth decision in the past year
to block a big ticket merger.
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    ** Payments technology firm Global Payments  GPN.N  said on
Thursday that it is not weighing an acquisition of peer Shift4
Payments  FOUR.N , denying a media report of potential merger
talks between the two.
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    ** U.S. lithium miner Livent Corp  LTHM.N  has acquired a
minority stake in the parent company of direct lithium
extraction technology firm ILiAD Technologies, the companies
said on Thursday.
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    ** Brazilian energy firm Ambar Energia is set to buy
electric utility Copel's 81.2% stake in natural gas-fired power
plant UTE Araucaria for 320.7 million reais ($65.24 million),
the firms said on Thursday.
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 (Compiled by Rajarshi Roy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))