Deals of the day-Mergers and acquisitions

Namoi Cotton

16/05/2024 10:45

May 16 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0940 GMT on
Thursday:

    ** Anglo American  AAL.L  has suspended hiring globally, it
said, as it gets plans underway to simplify itself and build
value - and avert a $43 billion takeover bid by Australia's BHP
 BHP.AX  Group.
     urn:newsml:reuters.com:*:nL1N3HJ02R
    
    ** Siemens  SIEGn.DE  will sell its Innomotics large motors
and drives business for 3.5 billion euros ($3.81 billion) to KPS
Capital Partners, the German engineering group said .
     urn:newsml:reuters.com:*:nFWN3HI2DA
    
    ** Italy's Treasury sold a 2.8% stake in energy group Eni
 ENI.MI  on Wednesday, pocketing around 1.4 billion euros ($1.52
billion) in its drive to raise cash to bolster the country's
creaking public finances.
     urn:newsml:reuters.com:*:nL1N3HJ0AH
    
    ** Brookfield India Real Estate Trust (BIRET)  BROF.NS  has
signed a binding agreement to acquire a 50% stake in four Bharti
Enterprises properties for 60 billion rupees ($719 million),
including debt, it said .
     urn:newsml:reuters.com:*:nL4N3HJ0R2
    
    ** Australia's Incitec Pivot  IPL.AX  said  it was in
advanced talks with PT Pupuk Kalimantan Timur (Pupuk Kaltim)
 PUPUK.UL  , Southeast Asia's biggest urea fertiliser maker, for
the sale of its fertiliser business.
     urn:newsml:reuters.com:*:nL4N3HI4QX
    
    ** Australia's competition regulator raised concerns  on
Louis Dreyfus' proposed A$138.6 million ($92.85 million)
acquisition of Namoi Cotton  NAM.AX  as both companies supply
cotton ginning and cotton lint classing in the same country.
     urn:newsml:reuters.com:*:nL4N3HI4X4
    
    ** New Zealand dairy giant Fonterra Co-operative  FCG.NZ  is
planning a full or partial sale of its global consumer unit, its
Fonterra Oceania unit and Sri Lankan business, looking to focus
on its milk solids supply business, it said .
     urn:newsml:reuters.com:*:nL4N3HI4AV
    
    ** Brazilian power company Auren  AURE3.SA  said on
Wednesday it signed an agreement to buy the Brazilian operation
of AES Corp  AES.N  in a stock and cash deal.
     urn:newsml:reuters.com:*:nL1N3HI3KE

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