Deals of the day-Mergers and acquisitions

Saietta

11/11/2021 14:51

(Adds: Oil and Natural Gas Corp, Repsol  Updates: Sika)
    Nov 11 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1430 GMT on Thursday:
    
    ** India's petroleum ministry has asked state-run explorer
Oil and Natural Gas Corp  ONGC.NS  to consider selling a 60%
stake in its two major oil and gas fields to private companies
to boost output, a government source said.
     urn:newsml:reuters.com:*:nL4N2S23BR
    
    ** Amancio Ortega, the billionaire founder of Zara parent
Inditex  ITX.MC , is pushing into renewable energy by buying a
49% stake in a wind farm operated by Spanish energy group Repsol
 REP.MC , his family office said.
     urn:newsml:reuters.com:*:nL1N2S20XP
    
    ** Swiss chemicals company Sika has agreed to buy MBCC Group
for 5.5 billion Swiss francs ($6 billion) to boost its position
in sustainable building, making its biggest ever acquisition in
the fragmented $70 billion construction chemicals sector.
     urn:newsml:reuters.com:*:nL8N2S21AZ
        
    ** 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
        
    ** 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))