Deals of the day-Mergers and acquisitions

Kosmos Energy

17/12/2024 20:36

(Adds: Brava Energia, Honda Motor, Paramount Global and Banco
BPM)
       Dec 17 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2030 GMT on Tuesday:
    
    ** Brazil's Brava Energia  BRAV3.SA  is moving towards the
sale of 11 oil and gas concessions in Rio Grande do Norte state
to infrastructure firm Azevedo & Travassos  AZEV3.SA  and oil
company Petro-Victory Energy  VRY.V .  urn:newsml:reuters.com:*:nL8N3NI1AS
        
  
        ** Japanese auto giants Honda Motor  7267.T  and Nissan
Motor  7201.T  will start negotiations to merge as they face
growing competition from bigger global electric vehicle makers,
the Nikkei newspaper reported.  urn:newsml:reuters.com:*:nL4N3NI172
  
        
  
        ** The Center for American Rights, a non-profit
public-interest law firm, has petitioned the Federal
Communications Commission (FCC) to challenge the planned $8.4
billion merger between Paramount Global  PARA.O  and Skydance
Media, a filing showed on Tuesday.  urn:newsml:reuters.com:*:nL4N3NI18V
  
        
  
        ** Italy's Banco BPM  BAMI.MI  said it would ask market
watchdog Consob to adopt measures to protect the bank's
stakeholders and its bid for Anima  ANIM.MI , after rival
UniCredit  CRDI.MI  launched its own bid for BPM.  urn:newsml:reuters.com:*:nL8N3NI1GR
  

        ** India's Ambuja Cements  ABUJ.NS  will merge two of
its recently purchased units into the company, it said, in a bid
to streamline the structure of the Adani Group's cement
businesses and simplify compliance requirements.  urn:newsml:reuters.com:*:nL4N3NI0Y3
    
    ** Japanese IT firm Fuji Soft  9749.T  has reaffirmed its
support for the second stage of a tender offer buyout from U.S.
private equity firm KKR  KKR.N  and came out against a higher
offer from rival Bain Capital, it said in a statement.
 urn:newsml:reuters.com:*:nL4N3NI0XM
    
    ** U.S. oil and gas firm Kosmos Energy  KOS.N  walked away
from its pursuit of West Africa-focused Tullow Oil  TLW.L ,
without specifying any reason for the decision, prompting a 10%
drop in Tullow's shares.  urn:newsml:reuters.com:*:nL4N3NI0PS
    
    ** Alibaba Group  9988.HK  said it would sell its Chinese
department store unit Intime and book a $1.3 billion loss from
the deal, as the retail giant reshuffles its business portfolio
to focus on its core e-commerce operation.  urn:newsml:reuters.com:*:nL4N3NI09L
    
    ** British commercial property firm Land Securities
(Landsec)  LAND.L  said it acquired a 92% stake in shopping
centre Liverpool ONE for 490 million pounds ($622.1 million),
betting on retailers' focus on "bigger and better" stores.
 urn:newsml:reuters.com:*:nL4N3NI0HU

    ** A U.S. investment group has acquired Israeli spyware
vendor Paragon, a competitor to digital surveillance provider
NSO Group, Israeli newspaper Haaretz reported on Monday.
 urn:newsml:reuters.com:*:nL6N3NH0LL

 (Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)
 ((prakhar.srivastava2@thomsonreuters.com))