Deals of the day-Mergers and acquisitions

Orkla ASA

26/10/2023 11:05

Oct 26 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1000 GMT on
Thursday:

    ** Stellantis  STLAM.MI  said it is buying a 21% stake in EV
maker Leapmotor in a $1.6 billion deal that will give it a fresh
shot in China and the smaller Chinese carmaker a European
foothold.
     urn:newsml:reuters.com:*:nL4N3BV67P
    
    ** Norwegian conglomerate Orkla  ORK.OL  said that private
equity group Rhone will acquire a 40% stake in Orkla Food
Ingredients (OFI) in a deal that gives OFI an enterprise value
of 15.5 billion Norwegian crowns ($1.38 billion).
     urn:newsml:reuters.com:*:nL8N3BW10L
    
    ** Chile's SQM  SQMA.SN  will buy the rest of Australian
lithium developer Azure Minerals that it doesn't already own for
$900 million, as chemicals makers fight to secure earlier stage
supply of raw materials for the electric vehicle industry.
     urn:newsml:reuters.com:*:nL4N3BV6AQ
    
    ** Private equity firm Silver Lake said on Wednesday it was
working on a proposal to take talent and media company Endeavor
Group Holdings  EDR.N  private, after Endeavor announced it had
begun a review to explore alternatives that better value the
company.
     urn:newsml:reuters.com:*:nL4N3BV58Q

 (Compiled by Rajarshi Roy and Arasu Kannagi Basil in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))