Deals of the day-Mergers and acquisitions

Orascom Development Holding AG

25/10/2022 10:50

Oct 25 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Tuesday:
    ** European Union antitrust regulators will decide by Nov.
30 whether to clear French media company Vivendi's  VIV.PA 
proposed acquisition of French peer Lagardere, a European
Commission filing showed. 
    ** Egyptian property developer SODIC  OCDI.CA  has offered
to buy Orascom Real Estate for $125 million, the residential
compound builder's parent company Orascom Development Egypt
 ORHD.CA  said. 
    ** German logistics firm HHLA  HHFGn.DE  will propose that
Chinese shipping firm Cosco take a 24.9% stake in one of its
three container terminals at the Hamburg port, a source familiar
with the matter told Reuters.
    ** UK's competition watchdog said Swiss chemicals firm Sika
AG  SIKA.S  and German based MBCC have proposed to sell MBCC's
chemical admixtures business in the UK, Europe, and several
other countries.
    ** Brazilian pulpmaker Suzano SA  SUZB3.SA  said on Monday
it reached a deal to buy Kimberly-Clark's  KMB.N  tissue paper
operations in the country. 
 (Compiled by Rajarshi Roy and Raghav Mahobe in Bengaluru)
 ((Raghav.Mahobe@thomsonreuters.com;))