Deals of the day-Mergers and acquisitions

Saietta

11/11/2021 10:49

Nov 11 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1030 GMT on Thursday:
    
    ** Gas and power group Engie  ENGIE.PA  and French bank
Credit Agricole  CAGR.PA  said they had agreed to buy Spanish
renewable energy group Eolia Renovables.
     urn:newsml:reuters.com:*:nL1N2S20HY
    
    ** British electric motor maker Saietta  SED.L  said that it
is acquiring electric powertrain company e-Traction from China
Evergrande Group's  3333.HK  automotive unit in a deal wroth up
to 2 million euros ($2.31 million).
     urn:newsml:reuters.com:*:nL1N2S20KC
    
    ** Italy's and Europe's biggest utility Enel  ENEI.MI  is
interested in buying a controlling stake in electronic payments
company Mooney, Italian financial daily Il Sole 24 Ore reported,
citing rumours.
     urn:newsml:reuters.com:*:nL8N2S236Y
    
    ** Japan's Eneos Holdings  5020.T  and Goldman Sachs  GS.N  
moved ahead with a tender offer for the 43% the refiner doesn't
already own in roadbuilder Nippo Corp  1881.T , shrugging off
opposition from activist Oasis Management to a deal that values
all of Nippo at more than $4 billion.
     urn:newsml:reuters.com:*:nL1N2S20C8
            
    ** Global Energy Storage, a new company that aims to store
products such as hydrogen and biofuels, said it is buying assets
in Rotterdam from commodities firm Gunvor Group and will
redevelop 20 hectares of land in the port for its operations.
     urn:newsml:reuters.com:*:nL8N2S1887
    
    ** Swiss chemicals company Sika  SIKA.S  will buy
construction chemicals maker MBCC from Lone Star in a 5.5
billion Swiss franc ($6.03 billion) deal, it said, as it steps
up its acquisition strategy in the fragmented $70 billion
sector.
     urn:newsml:reuters.com:*:nL8N2S21AZ
    
    ** Oil major BP  BP.L  and Norway's Aker  AKER.OL  said they
have jointly sold a 5% stake in Norwegian oil firm Aker BP
 AKRBP.OL , cutting their combined holding in the company to
65%.
     urn:newsml:reuters.com:*:nL8N2S20XO
    
    ** Oil Search  OSH.AX  shareholders are set to vote on Dec.
7 on a merger with Santos Ltd  STO.AX  after gaining approval
from a Papua New Guinea court and a mixed endorsement from an
independent expert.
     urn:newsml:reuters.com:*:nL4N2S20UT
    

 (Compiled by Rajarshi Roy and Oishee Majumdar in Bengaluru)
 ((oishee.majumdar@thomsonreuters.com))