Deals of the day-Mergers and acquisitions

Redwire

21/01/2025 14:52

Jan 21 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Tuesday:

    ** Saudi Arabian mining fund Manara Minerals is set to buy a
10%-20% in the Reko Diq copper and gold project in Pakistan for
proceeds of about $500 million to $1 billion, the Financial
Times reported.
     urn:newsml:reuters.com:*:nL3N3OH0G0
    
    ** Space infrastructure firm Redwire Corp  RDW.N  on Monday
said it has agreed to acquire Edge Autonomy for $925 million in
a cash-and-stock deal.
     urn:newsml:reuters.com:*:nL3N3OG103
    
    ** Zalando  ZALG.DE  said on Monday it launched the public
tender offer for rival About You  YOUG.DE , following the
approval of the German Federal Financial Supervisory Authority
BaFin.
     urn:newsml:reuters.com:*:nFWN3OG0EA
    
    ** Optus, Australia's No. 2 telecom carrier, is in talks to
sell its sports streaming platform Optus Sport to media house
Nine Entertainment  NEC.AX , the Australian Financial Review
(AFR) reported on Monday.
     urn:newsml:reuters.com:*:nL3N3OG0FM
    
     ** UBS Chief Executive Sergio Ermotti on Tuesday said it
was currently premature for the Swiss bank to consider
acquisitions as it continues to focus on the integration of
Credit Suisse, which it bought in 2023.  urn:newsml:reuters.com:*:nL5N3OH126
    
    ** Italy's Generali and France's BPCE said on Tuesday they
had taken the first step towards creating Europe's largest asset
manager by revenue as the industry bets on size to protect
profit margins.  urn:newsml:reuters.com:*:nL5N3OH090
    
    ** Holcim  HOLN.S  would like to make 15 to 20 acquisitions
this year Chief Executive Miljan Gutovic said on Tuesday, with
the building materials company open to large deals.
     urn:newsml:reuters.com:*:nL5N3OG0WI
    
    ** U.S.-based International Paper  IP.N  is set to get EU
approval for its 5.8 billion pound ($7.12 billion) purchase of
UK rival DS Smith  SMDS.L  after agreeing to sell assets to
address competition concerns, people with direct knowledge of
the matter said on Tuesday.

 (Reporting by Rajarshi Roy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))