Deals of the day-Mergers and acquisitions

NTT

07/05/2024 11:00

May 7 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Tuesday:

    ** The Italian government and Lufthansa  LHAG.DE  have
submitted new proposals to the European Commission to try to
address EU regulatory concerns over the German airline's
purchase of a stake in Italy's ITA Airways.
     urn:newsml:reuters.com:*:nL8N3HA2R2
    
    ** Australia's Perpetual  PPT.AX  will be broken up, with
its name sold to global investment firm KKR & Co  KKR.N , in a
deal worth over A$1.5 billion ($990 million), the Australian
Financial Review reported.
     urn:newsml:reuters.com:*:nL4N3HA2OO
    
    ** RWE  RWEG.DE , Germany's biggest electricity producer, is
considering options for its minority stake in Amprion, one of
Germany's four high-voltage power transmission networks, the
company said, potentially paving the way for a sale.
     urn:newsml:reuters.com:*:nL8N3HA38U
    
    ** Shares in Spanish bank BBVA  BBVA.MC  rose as much as
1.9% morning after Sabadell  SABE.MC  rejected what it described
as an unsolicited takeover proposal from BBVA.
     urn:newsml:reuters.com:*:nL8N3HA30A]
    
    ** The Philippines' largest telecommunications group PLDT
 TEL.PS  is in talks to sell up to 49% of its data centre
business to Japan's Nippon Telegraph and Telephone (NTT)
 9432.T , PLDT Chairman Manuel Pangilinan told Reuters.
     urn:newsml:reuters.com:*:nL1N3HA0N4

    ** Dutch global commodity merchant Louis Dreyfus Company
(LDC) has raised the ante on an international bidding war for
Australia's Namoi Cotton  NAMAX  by sweetening its offer price
marginally above that of rival suitor Olam Agri  IPO-OLAA.SI .
     urn:newsml:reuters.com:*:nL4N3H93ZC
    
    ** Apple  AAPL.O  cofounder Steve Wozniak's space data
startup, Privateer, has raised $56.5 million and also acquired
the analytics firm Orbital Insight, a merger that will add
mapping and intelligence services to Privateer's space data
offerings, Privateer's CEO told Reuters.
     urn:newsml:reuters.com:*:nL1N3H90X2

 (Compiled by Rajarshi Roy & Priyanka.G in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))