Deals of the day-Mergers and acquisitions

Renewi

30/05/2024 14:54

(Adds: ANZ Group, United States Steel  Updates: Brookfield)
       May 30 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Thursday:

        ** ANZ Group  ANZ.AX , Australia's fourth-largest bank,
has fully exited its investment in Malaysian lender AMMB
Holdings  AMMB.KL  by selling its entire 5.2% stake for up to
$149 million, according to a term sheet seen by Reuters.
  
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        ** United States Steel Corp  X.N  and Nippon Steel
 5401.T  said  they had received all regulatory approvals
outside of the United States related to their proposed $14.9
billion merger.
  
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        ** Canada's Brookfield  BN.TO  said  that together with
Brookfield Renewable Partners and Singapore's Temasek Holdings
it has entered into exclusive talks to buy a majority stake in
French renewable power producer Neoen  NEOEN.PA , valuing it at
around 6.1 billion euros ($6.6 billion).
  
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    ** Telefonica Brasil  VIVT3.SA  said on Wednesday it was in
talks with Brazilian broadband infrastructure operator Desktop
 DESK3.SA  over a potential acquisition.
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    ** Banco BPM  BAMI.MI  CEO Giuseppe Castagna believes there
are "no conditions today" to merge with state-controlled bank
Monte dei Paschi  BMPS.MI , he said in an interview published 
with daily Il Sole 24 Ore.
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    ** Waste management firm Renewi  RWI.L  plans to sell its UK
Municipal business to Biffa Ltd as it fully shifts focus to
European recycling markets in line with last year's strategic
review, the London-listed company said.
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    ** BHP Group  BHP.AX  investors welcomed the top global
miner's decision to walk away from a $49 billion plan to take
over Anglo American  AAL.L , which rejected three proposed
offers from its bigger rival over the past six weeks.
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    ** U.S. commodities trader Bunge  BG.N  and a subsidiary of
Japan's Zen-Noh Group have agreed to buy part of a terminal at
Latin America's largest port from Rumo for 600 million reais
($115.3 million), according to a securities filing on Wednesday.
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    ** Brazilian rail operator Rumo  RAIL3.SA  has signed a
binding agreement to sell its 50% stake in a terminal at the
Santos port to a consortium formed by Bunge Alimentos and
Zen-Noh Grain Corp for 600 million reais ($115.3 million), it
said on Wednesday.
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 (Compiled by Rajarshi Roy and Aatreyee Dasgupta in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))