Deals of the day-Mergers and acquisitions

Indus Towers

14/06/2024 11:09

June 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1000 GMT on Friday:

    ** Vodafone Group  VOD.L  is looking to sell its entire $2.3
billion stake in India's Indus Towers  INUS.NS  through stock
market block deals next week, two sources with direct knowledge
said, part of the British firm's effort to repay
debt urn:newsml:reuters.com:*:nL4N3IC0LI
    
    ** French oil and gas major TotalEnergies  TTEF.PA  will
sell its Brunei business to Malaysian independent exploration
and production firm Hibiscus Petroleum  HIBI.KL  for $259.4
million, both companies said  urn:newsml:reuters.com:*:nL4N3IC099
    
    ** Germany's antitrust regulator has cleared plans of Czech
billionaire Daniel Kretinsky's EP Corporate Group to acquire a
stake in Thyssenkrupp's  TKAG.DE  steel division, the agency
said  urn:newsml:reuters.com:*:nL8N3IC0C7
    
    ** Japan's Kirin Holdings  2503.T  said it was offering
220.7 billion yen ($1.4 billion) to acquire the rest of skin
care brand Fancl Corp  4921.T  as the beer maker continues to
pivot toward the health and wellness businesses  urn:newsml:reuters.com:*:nL4N3IB19W
    
    ** Britain's competition regulator launched a formal
investigation into homebuilder Barratt's  BDEV.L  2.52 billion
pound ($3.21 billion) all-stock deal to buy smaller rival Redrow
 RDW.L  to examine whether it has the potential to hurt
competition  urn:newsml:reuters.com:*:nL3N3GE2EI

 (Compiled by Rajarshi Roy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))