Deals of the day-Mergers and acquisitions

Rai Way SpA

24/05/2024 11:33

May 24 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Friday:
    
    ** U.S. investment firm KKR  KKR.N  is expected to get
unconditional EU antitrust approval to buy Telecom Italia's
(TIM)  TLIT.MI  fixed-line network after agreeing to keep
commercial agreements with TIM rivals, people with direct
knowledge of the matter said.
     urn:newsml:reuters.com:*:nL1N3HR0HZ
    
    ** Spanish holding company Criteria said it had become the
second-biggest shareholder in ACS  ACS.MC  after buying a 9.4%
stake in the construction company for 983 million euros ($1.06
billion), as it expands its investments in leading companies in
Spain.
     urn:newsml:reuters.com:*:nL8N3HR1KD
    
    ** Italy has approved a decree enabling state broadcaster
RAI to sell a stake in its tower unit RaiWay  RWAY.MI , as long
as the disposal is compatible with a tie-up of RaiWay with rival
EI Towers, a government source told Reuters.
     urn:newsml:reuters.com:*:nL8N3HR1J8
    
    ** Spanish holding company Criteria said it bought a 9.4%
stake in construction company ACS  ACS.MC  for 983 million euros
($1.06 billion) as part of its strategy to expand investment in
certain leading companies.
     urn:newsml:reuters.com:*:nFWN3HQ1VY
    
    ** British oilfield services and engineering firm John Wood
Group  WG.L  said it has rejected a third buyout proposal from
Dubai-based company Sidara, as the unsolicited offer continued
to "significantly undervalue" the group.
     urn:newsml:reuters.com:*:nL4N3HR16U
    
    ** State-controlled oil company Saudi Aramco  2223.SE  is
interested in buying a minority stake in the renewable unit of
Spanish oil company Repsol  REP.MC  , newspaper Expansion
reported, citing unidentified market sources.
     urn:newsml:reuters.com:*:nL1N3HR0B9
    
    ** Britain's Coventry Building Society will buy Co-operative
Bank for 780 million pounds ($989.9 million) in cash, the two
companies said in a joint statement.
     urn:newsml:reuters.com:*:nL1N3HR0B3

 (Compiled by Rajarshi Roy and Jaiveer Shekhawat in Bengaluru)
 ((jaiveersingh.shekhawat@thomsonreuters.com;))