Deals of the day-Mergers and acquisitions

Itochu Techno-Solutions

02/08/2023 10:55

Aug 2 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Wednesday:

    ** Japanese trading firm Itochu Corp  8001.T  said it would
launch a tender offer for Itochu Techno-Solutions Corp  4739.T 
in a deal worth 387.63 billion yen ($2.72 billion).
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    ** Incitec Pivot  IPL.AX  has tapped Indonesia's Pupuk
Kaltim as the preferred buyer of its Australian fertiliser
business that could see a deal worth about A$1.5 billion ($989
million), the Australian Financial Review (AFR) reported.
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    ** Coca-Cola Europacific Partners  CCEPC.L  said it intends
to jointly acquire Coca-Cola Beverages Philippines with Aboitiz
Equity Ventures (AEV) for $1.8 billion, in an effort to become
the world's largest Coca-Cola bottler by revenue and volumes.
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    ** Shares of cement maker Sanghi Industries  SNGI.NS  rose
as much as 5% to a more than five-year high on news that
Adani-owned Ambuja Cements  ABUJ.NS  had reached a deal to buy a
majority stake in the company's operations.
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    **  National Bank of Canada  NA.TO  said on Tuesday it has
agreed to buy collapsed U.S. regional lender Silicon Valley
Bank's Canadian commercial loan portfolio, as the smallest of
Canada's top six lenders looks to expand its footprint in the
tech sector and diversify its loan book.
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    ** Czech PPF Group said on Tuesday that Emirates
Telecommunications Group Company e&  EAND.AD  would pay 2.2
billion euros up front to acquire a controlling stake in its
telecoms assets in Bulgaria, Hungary, Serbia and Slovakia.
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    ** British hedge fund Oceanwood Capital Management is
selling up to 117 million shares in Spanish bank Unicaja
 UNI.MC  via accelerated bookbuilding, equal to a 4.4% stake or
more than half of its total holding, bookrunner BOFA Securities
said on Tuesday.
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    ** Canadian oil producer Strathcona Resources on Tuesday
said it will go public by acquiring smaller rival Pipestone
Energy Corp  PIPE.TO  in an all-stock deal to create a combined
business witha market capitalization of C$8.6 billion ($6.49
billion).
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    ** Saudi Arabian contracting firm Nesma & Partners has
signed an agreement to acquire Dubai-based privately-owned
energy services firm Kent, the two companies said in a statement
on Tuesday.
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 (Compiled by Rajarshi Roy and Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com))