Deals of the day-Mergers and acquisitions

Metro AG

22/12/2022 20:48

(Adds Kellogg Co, CI Financial Corp)
       Dec 22 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 16:00 ET on
Thursday:
    ** Kellogg Co  K.N  said it has decided to divest its
operations in Russia to local snacks and drinks maker
Chernogolovka as the company joins a long list of Western brands
pulling out of the country.  urn:newsml:reuters.com:*:nL4N33C2KB
        ** Canada's CI Financial Corp  CIX.TO  said its U.S.
unit had confidentially filed for an initial public offering in
the United States, more than eight months after the wealth
management firm announced plans for a spin-off.  urn:newsml:reuters.com:*:nL4N33C2U8
    ** Japan Industrial Partners, the preferred bidder to buy
out Toshiba Corp  6502.T , is set to sign a loan agreement of
about 1.4 trillion yen ($10.6 billion) with lenders this week,
the Yomiuri newspaper reported.  urn:newsml:reuters.com:*:nL1N33C07V
    ** Australia's OZ Minerals Ltd  OZL.AX  said it entered into
a scheme implementation deed with BHP Group Ltd  BHP.AX  in
relation to the A$9.6 billion ($6.44 billion) takeover bid the
latter made for the copper and gold producer.  urn:newsml:reuters.com:*:nL4N33C01U
    ** The Bank of Russia agreed to sell bailed-out Otkritie
Bank to the country's No.2 lender, state-owned VTB  VTBR.MM ,
for 340 billion roubles ($4.7 billion), in a deal expected to
close by the end of the year.  urn:newsml:reuters.com:*:nL8N33C1U5
    ** Australian mining magnate Clive Palmer has sold the
troubled Yabulu nickel refinery in Queensland state to Swiss
special purpose vehicle Zero Carbon Investek - a deal that has
reportedly fetched A$2 billion ($1.3 billion).  urn:newsml:reuters.com:*:nL4N33C055
    ** Superior Plus Corp  SPB.TO  will acquire Certarus Ltd for
C$1.05 billion ($770.87 million) including debt, the companies
said, adding low-carbon fuels to Superior's portfolio.
 urn:newsml:reuters.com:*:nL4N33C23S
    ** India's Reliance Retail Ventures said it had agreed to
buy German retailer Metro AG's  B4B.DE  Indian unit for 28.5
billion rupees ($344 million) as it makes aggressive strides in
the retail industry.  urn:newsml:reuters.com:*:nL4N33B30V
    ** Credit Suisse Group  CSGN.S  has sold one of its
buildings in the heart of Geneva for just over 200 million Swiss
francs ($217 million) to an investment foundation, the
foundation confirmed.  urn:newsml:reuters.com:*:nL8N33C1W0
    ** Australia's ReadyTech  RDY.AX  said Pacific Equity
Partners had withdrawn its updated buyout offer of A$4.50 per
share for the company and was working on an alternative
proposal.  urn:newsml:reuters.com:*:nL4N33B3DO
    ** European lottery operator Allwyn will acquire the Camelot
Lottery Solutions group of companies, which operates the
Illinois Lottery, as part of a push into U.S. markets, Allwyn
said. Financial details were not disclosed.  urn:newsml:reuters.com:*:nL8N33C2X8
    ** Germany's Henkel aims to complete the sale of its Russia
business soon, the supervisory board head told the Neue Zuercher
Zeitung newspaper, an exit the chemical and consumer goods
announced this year after Russia's invasion of Ukraine.
 urn:newsml:reuters.com:*:nL1N33B29H
 (Compiled by Priyamvada C and Anne Florentyna Gnanaraja Sekar
in Bengaluru)
 ((Priyamvada.c@thomsonreuters.com
AnneFlorentyna.GnanarajaSekar@thomsonreuters.com))