Deals of the day-Mergers and acquisitions
24/06/2024 20:55
(Adds Eramet, MTS, Amara Raja Energy and Mobility, Africa Oil, America Movil,
Fosun International, Riot Platforms; Updates Vista Outdoor)
June 24 (Reuters) - The following bids, mergers, acquisitions and
disposals were reported by 2000 GMT on Monday:
** French miner Eramet ERMT.PA said it had decided, along with
Germany's BASF BASFn.DE , to cancel a $2.6 billion joint investment project in
a nickel-cobalt refining complex in Weda Bay, Indonesia. urn:newsml:reuters.com:*:nL1N3IM0UA
** Russia's largest mobile operator MTS MTSS.MM said it plans to buy
back 26.3 million blocked shares from foreign shareholders for 2.5 billion
roubles ($29.44 million) as part of a tender offer. urn:newsml:reuters.com:*:nL1N3IM0TR
** Indian battery maker Amara Raja Energy and Mobility AMAR.NS said it
signed a licensing agreement with Gotion-InoBat-Batteries (GIB), a unit of
China-based Gotion High Tech Co 002074.SZ , to produce lithium-ion batteries in
India. urn:newsml:reuters.com:*:nL4N3IM15J
** Africa Oil AOI.TO said it had agreed to buy out BTG Pactual Oil &
Gas's 50% holding in their Prime Oil & Gas joint venture, in a deal that will
see BTG become a major shareholder in Africa Oil. urn:newsml:reuters.com:*:nL1N3IM0P9
** Mexico's America Movil, controlled by the family of billionaire
Carlos Slim, acquired a dominant stake in cable and mobile phone operator
ClaroVTR, which had been shared equally with Liberty Latin America (LLA),
America Movil and LLA said. urn:newsml:reuters.com:*:nL4N3IM152
** Chinese conglomerate Fosun International 0656.HK will buy the
remaining stake in Shanghai Henlius Biotech 2696.HK it does not already own in
a deal that values the Hong Kong-listed drugmaker at HK$13.37 billion ($1.71
billion), the companies said. urn:newsml:reuters.com:*:nL4N3IM14Z
** Bitcoin miner Riot Platforms RIOT.O said it was withdrawing its
offer for Bitfarms BITF.TO and had nominated three directors to the board of
rival crypto miner. urn:newsml:reuters.com:*:nL4N3IM0Y4
** Vista Outdoor VSTO.N has agreed to sell its sporting products and
ammunition business to Czechoslovak Group (CSG) for about $2 billion, the
company said, after the Prague-based defense firm raised its offer for a second
time. urn:newsml:reuters.com:*:nL4N3IM0VM
** UBS UBSG.S is selling a partial stake in one of its securities
joint ventures to Beijing State-owned Asset Management (BSAM), a key step for
the Swiss bank as it consolidates operations in China after its merger with
Credit Suisse. urn:newsml:reuters.com:*:nL1N3IM0D8
** Telecom Italia (TIM) will finalise the landmark sale of its domestic
fixed line access network to KKR KKR.N on July 1, the Italian company said.
urn:newsml:reuters.com:*:nFWN3IM0UY
** Italian energy group Eni ENI.MI expects to complete the sale of a
minority stake in its biofuel unit Enilive by the end of 2024, Chief Executive
Claudio Descalzi said. urn:newsml:reuters.com:*:nL1N3IM0BP
** German chemicals firm Covestro 1COV.DE is giving ADNOC access to
its books and stepping up talks based on an improved 11.7 billion euro ($12.5
billion) takeover offer, after more than a year of courtship by the Emirati
energy company. urn:newsml:reuters.com:*:nL1N3IM0B9
** Sonoco Products SON.N said it would buy European food cans maker
Eviosys from private equity group KPS Capital Partners in a $3.9 billion deal,
to expand its metal and aerosol packaging business. urn:newsml:reuters.com:*:nL4N3IM0Q1
** Africa Oil AOI.TO has agreed to buy out BTG Pactual Oil & Gas's 50%
holding in their Prime Oil & Gas joint venture in a deal that will see it take
on BTG as a major shareholder, it said. urn:newsml:reuters.com:*:nL4N3IM0MV
** Allianz Global Investors (AGI), one of the investment arms of German
insurer Allianz, has become the first foreign company to own a stake in China's
pension insurance giant Guomin Pension. urn:newsml:reuters.com:*:nL1N3IM0AD
** German property lender Aareal Bank will book a gain of around 2 billion
euros ($2.14 billion) after it sells its tech unit Aareon to private equity firm
TPG and investor CDPQ, it said in announcing the deal. urn:newsml:reuters.com:*:nL8N3IM0AF
** Carlsberg CARLb.CO said that PepsiCo PEP.O has agreed to waive a
clause in its bottling deal with Britvic BVIC.L , making the British firm a
more attractive acquisition after a $3.9 billion bid by the Danish brewer was
rejected. urn:newsml:reuters.com:*:nL4N3IM0GC
** Australian miner Paladin Energy PDN.AX said it had entered into an
agreement to buy Canada's Fission Uranium Corp FCU.TO for an implied equity
value of C$1.14 billion ($833.03 million). urn:newsml:reuters.com:*:nL4N3IM0FA
** Safran SAF.PA has entered exclusive talks to buy Preligens, a
specialist in artificial intelligence solutions in aerospace and defence, at an
enterprise value of 220 million euros ($235.4 million), the French jet engine
maker said. urn:newsml:reuters.com:*:nFWN3IM045
** British e-commerce firm THG THG.L has agreed to sell its portfolio of
luxury goods websites to Mike Ashley's Frasers Group FRAS.L for an undisclosed
sum, it said. urn:newsml:reuters.com:*:nL4N3IM0DS
** Australia's Premier Investments PMV.AX said department store chain Myer
Holdings MYR.AX had offered to buy its apparel brands business in an all-scrip
deal, sending its shares more than 7% higher in early trade. urn:newsml:reuters.com:*:nL4N3IL08F
** United Parcel Service UPS.N , the world's biggest package delivery firm,
will sell its Coyote Logistics business unit to RXO RXO.N for $1.025 billion,
the companies said on Sunday. urn:newsml:reuters.com:*:nL1N3IL063
(Compiled by Rajarshi Roy, Abhinav Parmar and Juveria Tabassum in Bengaluru)
((Juveria.Tabassum@thomsonreuters.com))