Deals of the day-Mergers and acquisitions

Myer Holdings

24/06/2024 10:48

June 24 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0945 GMT on Monday:

    ** Italian energy group Eni  ENI.MI  expects to complete the
sale of a minority stake in its biofuel unit Enilive by the end
of 2024, Chief Executive Claudio De Scalzi said on Monday.
 urn:newsml:reuters.com:*:nR1N3F102K
    
        ** Covestro's  1COV.DE  said on Monday it would
negotiate with suitor Abu Dhabi National Oil Co (ADNOC) based on
a takeover offer of 63 euros ($67.57) per share by the Emirates'
energy company.  urn:newsml:reuters.com:*:nFWN3IK085
  
        
  
        ** Allianz Global Investors (AGI), one of the investment
arms of German insurer Allianz, has become the first foreign
company to own a stake in China's pension insurance giant Guomin
Pension.  urn:newsml:reuters.com:*:nL1N3IM0AD
  
    
    ** German property lender Aareal Bank will book a gain of
around 2 billion euros ($2.14 billion) after it sells its tech
unit Aareon to private equity firm TPG and investor CDPQ, it
said in announcing the deal.  urn:newsml:reuters.com:*:nL8N3IM0AF    
    
    ** Carlsberg  CARLb.CO  said that PepsiCo  PEP.O  has agreed
to waive a clause in its bottling deal with Britvic  BVIC.L ,
making the British firm a more attractive acquisition after a
$3.9 billion bid by the Danish brewer was rejected.  urn:newsml:reuters.com:*:nL4N3IM0GC
    
    ** Australian miner Paladin Energy  PDN.AX  said it had
entered into an agreement to buy Canada's Fission Uranium Corp
 FCU.TO  for an implied equity value of C$1.14 billion ($833.03
million).  urn:newsml:reuters.com:*:nL4N3IM0FA
    
    ** Safran  SAF.PA  has entered exclusive talks to buy
Preligens, a specialist in artificial intelligence solutions in
aerospace and defence, at an enterprise value of 220 million
euros ($235.4 million), the French jet engine maker said.
 urn:newsml:reuters.com:*:nFWN3IM045
    
    ** British e-commerce firm THG  THG.L  has agreed to sell
its portfolio of luxury goods websites to Mike Ashley's Frasers
Group  FRAS.L  for an undisclosed sum, it said.  urn:newsml:reuters.com:*:nL4N3IM0DS
    
    ** Australia's Premier Investments  PMV.AX  said department
store chain Myer Holdings  MYR.AX  had offered to buy its
apparel brands business in an all-scrip deal, sending its shares
more than 7% higher in early trade.  urn:newsml:reuters.com:*:nL4N3IL08F

    ** United Parcel Service  UPS.N , the world's biggest
package delivery firm, will sell its Coyote Logistics business
unit to RXO  RXO.N  for $1.025 billion, the companies said on
Sunday.  urn:newsml:reuters.com:*:nL1N3IL063    

 (Compiled by Rajarshi Roy and Abhinav Parmar in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))