Deals of the day-Mergers and acquisitions

JD Logistics

14/03/2022 10:44

March 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Monday:
    
    **South Korean battery maker SK On said on Monday it has
signed a memorandum of understanding (MOU) with Ford Motor Co
 F.N  and Koc Holding As  KCHOL.IS  to form a joint venture to
produce electric vehicle (EV) battery cells in Turkey.

    **Wind and solar company Mainstream Renewable Power and Aker
Offshore Wind  AOW.L  have closed a deal which will give them a
50% stake in a 800 megawatt (MW) floating offshore wind project
in Japan, the companies said .
     urn:newsml:reuters.com:*:nL2N2VH0HY
    
    **HSBC  HSBA.L  announced  it has agreed to sell its branch
operations in Greece to local bank Pancreta Bank, with
completion of the deal expected in the first half of 2023
     urn:newsml:reuters.com:*:nL5N2VH1UM
    
    **Rio Tinto  RIO.AX   proposed to buy the 49% of Canada's
Turquoise Hill  TRQ.TO  it does not already own for about $2.7
billion, as the Anglo-Australian miner looks to ramp up the Oyu
Tolgoi copper-gold mining project in Mongolia.
     urn:newsml:reuters.com:*:nL3N2VH1HX
    
    **French luxury group Kering  PRTP.PA  said  its Kering
Eyewear division had signed an agreement to acquire U.S.
high-end sunglass maker Maui Jim, Inc. for an undisclosed
amount.
     urn:newsml:reuters.com:*:nL2N2VH0EU
        
    **Australian nickel and lithium miner IGO Ltd  IGO.AX  said 
its A$1.10 billion ($799.7 million) takeover of Western Areas
 WSA.AX  would be delayed due to the recent volatility in nickel
prices after Russia's invasion of Ukraine.
     urn:newsml:reuters.com:*:nL3N2VH0JA
    
    **Australia's Virtus Health Ltd  VRT.AX  said  it had
accepted a sweetened A$704.8 million ($514 million) takeover
offer from CapVest Partners LLP, which topped an improved offer
from rival bidder BGH Capital.
     urn:newsml:reuters.com:*:nL2N2VG0LQ
    
    **Australia's top fuel supplier Ampol Ltd  ALD.AX   said it
will sell its New Zealand-based petroleum distribution business
Gull in a bid to ease competition concerns as it awaits
completion of its NZ$1.97 billion ($1.34 billion) purchase of Z
Energy  ZEL.NZ .
     urn:newsml:reuters.com:*:nL2N2VG0K7
    
    ** Telecom Italia  TLIT.MI  said on Sunday it would start
formal talks with KKR  KKR.N  to assess the U.S. fund's
potential 10.8 billion euro ($11.8 billion) offer for Italy's
biggest phone group, almost four months after the approach.
     urn:newsml:reuters.com:*:nL2N2VH0GB
    
    **British property developer Nick Candy will give Chelsea
fans a seat on the board if he buys the club from Roman
Abramovich and also provide short-term funding after Britain
sanctioned the Russian billionaire, Sky News reported.
     urn:newsml:reuters.com:*:nL3N2VG07E
    
    **Chinese e-commerce giant JD.com Inc  9618.HK  on Sunday
said that its subsidiary JD Logistics Inc  2618.HK  has agreed
to buy domestic courier Deppon Logistics Co Ltd  603056.SS .
     urn:newsml:reuters.com:*:nL2N2VG07B

 (Compiled by Rajarshi Roy and Nathan Gomes in Bengaluru)
 ((Nathan.gomes@thomsonreuters.com))