Deals of the day-Mergers and acquisitions
03/02/2023 12:26
Feb 3 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Friday:
** Japan's Idemitsu Kosan Co 5019.T has agreed to sell its
85% stake in the Ensham coal mine in Australia to a Thungela
Resources TGAJ.J subsidiary, Sungela Pty, for an upfront
payment of A$340 million ($240 million), it said. urn:newsml:reuters.com:*:nL1N34J0F0
** Zur Rose ROSEG.S unexpectedly agreed to sell its Swiss
business to Migros subsidiary Medbase in order to focus on
expanding in Germany, the Swiss online drug retailer said ,
sending its shares soaring on their best day ever. urn:newsml:reuters.com:*:nL8N34J0X4
** The board of Icelandic lender Kvika banki KVIKA.IC has
written to its larger rival Islandsbanki ISB.IC proposing a
merger. Islandsbanki said it will respond in the coming days.
urn:newsml:reuters.com:*:nL1N34J0E2
** Russia's government commission on foreign investment has
approved the sale of telecoms company VimpelCom on condition
that at least 90% of bonds in Dutch parent VEON are bought back
from Russian investors, state-owned news agency RIA reported.
urn:newsml:reuters.com:*:nL1N34J0D5
** Malaysia's Petronas PETR.UL is finalising its first
acquisition of an Australian renewable energy business, set to
pick up German firm Wirsol's solar farms and a large development
pipeline, two people involved in the transaction said.
urn:newsml:reuters.com:*:nL1N34J09C
** Australia's Nitro Software NTO.AX said an A$526.9
million ($371.78 million) takeover offer by KKR Inc KKR.N -
backed Alludo did not get the requisite 75% vote from its
shareholders, after which Alludo made an off-market offer.
urn:newsml:reuters.com:*:nL4N34J0TS
** Utility provider FirstEnergy Corp FE.N said on Thursday
it would sell a 30% ownership interest in its unit FirstEnergy
Transmission LLC (FET) to Brookfield Super-Core Infrastructure
Partners in an all-cash deal of $3.5 billion. urn:newsml:reuters.com:*:nL4N34I4KL
** Telecom Italia (TIM) TLIT.MI has received a non-binding
bid for a controlling stake in its fixed-line network from U.S.
fund KKR KKR.N , and Italy's biggest phone group said its board
would meet again later this month to assess the proposal.
urn:newsml:reuters.com:*:nL8N34I1NU
(Compiled by Rajarshi Roy in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com;))