Deals of the day-Mergers and acquisitions
29/12/2022 11:41
Dec 29 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on
Thursday:
** China Fortune Land Development Co 600340.SS has agreed
to sell equity interest and debt in four property units worth
12.4 billion yuan ($1.8 billion) to a unit of China Resources
Land Ltd (CR Land) 1109.HK , the companies said.
** Polish utility PGE PGE.WA will buy the owner of PKP
Energetyka in a 1.91 billion zloty ($433 million) deal, it said
on Wednesday, taking one of the country's biggest energy groups
back under state control.
** Brazilian oil company Petroreconcavo SA RECV3.SA has
agreed to buy Maha Energy's MAHAa.ST subsidiary in the Latin
American country, the companies said on Wednesday, driving
shares in the Brazilian firm higher, in another step in its
ongoing expansion.
(Compiled by Rajarshi Roy and Pratyush Thakur in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com;pratyush.thakur@thomsonreuter
s.com))