Deals of the day-Mergers and acquisitions

Rothschild & Co SCA

06/02/2023 21:00

(Adds Rothschild; updates Newmont)
       Feb 6 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2045 GMT on Monday:
    ** In a show of confidence that strengthens the Rothschild
family's grip on its Paris-listed investment bank, the financial
dynasty said it plans to take Rothschild & Co  ROTH.PA  private.
 urn:newsml:reuters.com:*:nL8N34M2E6
        ** Sibanye-Stillwater  SWJ.J  is not interested in gold
mergers and acquisitions, CEO Neal Froneman said, after
Newmont's $16.9 billion bid for Newcrest increased the pressure
on gold miners to consolidate.  urn:newsml:reuters.com:*:nL8N34M48E
    ** Russian President Vladimir Putin approved the sale of
Mercedes-Benz's  MBGn.DE  local financial services division to
Russian car dealer Avtodom, nudging the German automaker closer
towards fully offloading its Russian assets.  urn:newsml:reuters.com:*:nL8N34M3G2
    ** Abbvie  ABBV.N  will lift a self-imposed $2 billion limit
on acquisitions and mergers placed following a $63 billion deal
for Botox maker Allergan in 2020 that shot up its debt, the
company's chief executive officer told the Wall Street Journal.
 urn:newsml:reuters.com:*:nL4N34M2C0
    ** Philippine conglomerate Metro Pacific Investments Corp
 MPI.PS  is buying one-third of Axelum Resources Corp  AXLM.PS 
for 5.32 billion pesos ($97.7 million), the coconut products
manufacturer and exporter said. urn:newsml:reuters.com:*:nL1N34M0K9
    ** Alpha Bank  ACBr.AT , one of Greece's four largest
lenders, has agreed to sell real estate assets to Dimand S.A.
and Premia Properties, the bank said.
    ** Commodity price and news specialist Fastmarkets has
acquired Singapore-based Palm Oil Analytics, expanding its
coverage of vegetable oil and biofuel markets, it
said. urn:newsml:reuters.com:*:nL8N34M2I1
    ** Nissan  7201.T  and Renault  RENA.PA  unveiled details of
their redesigned alliance, with the Japanese car maker
committing to buy a stake of up to 15% in Renault's electric
vehicles unit Ampere.  urn:newsml:reuters.com:*:nL8N34M1GY
    ** Australia's Recharge Industries was selected as the
preferred bidder to buy Britishvolt, the collapsed UK startup
which had struggled to fund a major electric vehicle battery
factory in northern England.  urn:newsml:reuters.com:*:nL4N34M1Q4
    ** U.S.-based Newmont Corp's  NEM.N  $16.9 billion offer for
Newcrest Mining Ltd  NCM.AX  would create a gold mining
behemoth, but investors and analysts said the offer may be too
low in the wake of a leadership change at the Australian
company.  urn:newsml:reuters.com:*:nL1N34L0H1
    ** U.S. investor Sixth Street is among the firms preparing a
bid for a part of the media and commercial rights to Germany's
football league, the Financial Times reported, citing people
familiar with the matter.  urn:newsml:reuters.com:*:nL4N34M0TN
    ** Public Storage  PSA.N , the largest U.S. operator of
self-storage properties, on Sunday unveiled an $11 billion
hostile bid for Life Storage Inc  LSI.N , ratcheting up attempts
to buy its smaller rival after its earlier takeover attempts
were rebuffed.  urn:newsml:reuters.com:*:nL1N34L0H7
    ** South Korea's Dongwon Industries Co Ltd  006040.KS  in a
regulatory filing said it is considering buying the local unit
of U.S. fast-food chain McDonald's Corp  MCD.N .  urn:newsml:reuters.com:*:nS6N33R00N
    ** Gina Rinehart-owned Hancock Energy said that its updated
A$0.36 per share offer for Australia's Warrego Energy  WGO.AX ,
which valued the oil and gas explorer at A$440 million ($304
million) has received the minimum required 40% approval from
Warrego shareholders.  urn:newsml:reuters.com:*:nL1N34L0HK
    **  Australian copper and gold producer OZ Minerals  OZL.AX 
 said its A$9.6 billion ($6.61 billion) buyout by BHP Group
 BHP.AX  received approval from Brazilian competition regulator
the Administrative Council for Economic Defence.  urn:newsml:reuters.com:*:nL1N34L0FT
    ** Tenaris SA  TENR.MI  said on Sunday that Benteler North
America Corp has called off a previously announced agreement to
sell 100% of its shares in its steel pipe business to the
Luxembourg-based company.  urn:newsml:reuters.com:*:nL4N34L08O
 (Compiled by Priyamvada C, Rajarshi Roy and Granth Vanaik in
Bengaluru)
 ((Granth.Vanaik@thomsonreuters.com))