Deals of the day-Mergers and acquisitions

Lithium Power International

20/06/2023 11:40

June 20 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Tuesday:
    
    ** Lockheed Martin  LMT.N  has raised concerns with the U.S.
Defense Department and Federal Trade Commission (FTC) about
L3Harris's  LXH.N  acquisition of Aerojet Rocketdyne  AJRD.N ,
Lockheed's chief operating officer said.  urn:newsml:reuters.com:*:nL1N38C0MW
    
    ** The European Energy Exchange (EEX)  T3PA.DE  and Nasdaq
 NDAQ.O  said they have reached an agreement under which the
U.S. exchange operator will transfer its European power trading
and clearing business to EEX.  urn:newsml:reuters.com:*:nL4N38C1ZI

    ** Global Auto Holdings will buy British car dealership
chain Lookers LOOK.L for about 465.4 million pounds ($595
million) in cash, the companies said.  urn:newsml:reuters.com:*:nL4N38C24T
     
    ** Brenntag  BNRGn.DE  has acquired Chinese chemical company
Shanghai Saifu Chemical, the German chemicals distributor said,
expanding its specialties business in China.  urn:newsml:reuters.com:*:nL8N38C1TM
    
    ** Portuguese conglomerate Semapa  SEM.LS  has bought
electric bike frame manufacturer Triangle's Cycling Equipments
for 178.7 million euros ($195.2 million), part of its move into
businesses geared towards decarbonisation, it said.  urn:newsml:reuters.com:*:nL8N38C1CL
    
    ** British asset manager Abrdn plc  ABDN.L  said it sold its
entire 10.2% stake in India's HDFC Asset Management Co Ltd
 HDFA.NS  for about 35.47 billion rupees (about $432 million).
 urn:newsml:reuters.com:*:nL4N38C1H8
    
    ** BPEA EQT and ChrysCapital will buy a 90% stake in Housing
Development Finance Corporation's  HDFC.NS  education finance
arm HDFC Credila for 90.60 billion rupees ($1.11 billion),
marking India's largest-ever private equity (PE) buyout in the
financial services sector.  urn:newsml:reuters.com:*:nL4N38C1J4
    
    ** Civitas Resources CIVI.N said it would acquire oil and
gas operations in the Permian Basin from private equity firm NGP
Energy Capital Management for $4.7 billion, expanding its
operations into the lucrative shale patch.  urn:newsml:reuters.com:*:nL4N38C2DY

    ** Rocket Software said on Monday it was giving up its
counteroffer for Software AG  SOWGn.DE  and selling its stake in
the company to U.S. financial investor Silver Lake instead.
 urn:newsml:reuters.com:*:nL8N38B3W5
    
    ** British sportswear and fashion retailer Frasers  FRAS.L 
has acquired an 8.9% stake in electricals retailer Currys
 CURY.L , regulatory filings showed on Monday, a week after it
forged a strategic partnership with its online rival AO World
 AO.L .  urn:newsml:reuters.com:*:nL8N38B3I4
    
    ** The Singapore-based parent of Timken India  TIMK.NS  has
proposed to sell an 8.4% stake in the Indian bearings and power
transmission products maker for up to $231 million on June 20,
according to the term sheet of the deal, seen by
Reuters. urn:newsml:reuters.com:*:nL4N38B2DS
    
    ** India's Shriram Finance  SHMF.NS  said U.S. private
equity firm TPG sold its 2.65% stake in the non-banking
financial company to some investors in an open market
transaction.  urn:newsml:reuters.com:*:nL4N38B1W7
    
    ** Italy's Mediobanca  MDBI.MI  has signed a deal to acquire
the entire share capital of HeidiPay Switzerland, a company
focusing on the "Buy Now Pay Later" segment, the Italian group
said on Monday.  urn:newsml:reuters.com:*:nL8N38B184
    
    ** Coca-Cola HBC AG  CCH.L  said on Monday it would buy
Finlandia vodka brand owner Brown-Forman Finland Oy from
Brown-Forman Netherlands BV for $220 million, as the bottler
expands its premium spirits business.  urn:newsml:reuters.com:*:nL4N38B162
    
    ** Australia's Lithium Power International  LPI.AX  said it
will sell its wholly-owned unit Western Lithium to the
Australian arm of U.S.-based Albemarle  ALB.N  for A$30 million
($20.64 million).  urn:newsml:reuters.com:*:nL1N38A0I8

 (Compiled by Rajarshi Roy and Jaspreet Singh in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))