Deals of the day-Mergers and acquisitions

Schaeffler AG

06/08/2024 14:41

(Adds: Schaeffler, T&L Sugars, TotalEnergies)
       Aug 6 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Tuesday:

        ** German machine and car parts maker Schaeffler
 SHA_p.DE  is not interested in a takeover of Continental's
automotive division, CEO Klaus Rosenfeld told the Handelsblatt
newspaper, adding the company had "completely other priorities".
  
         urn:newsml:reuters.com:*:nS8N3IT0EM
  
        
  
        ** Britain's competition watchdog said it has
provisionally approved the deal for T&L Sugars to buy Tereos UK
& Ireland's retail sugar business.
  
         urn:newsml:reuters.com:*:nL4N3JT1J7
  
        
  
        ** French oil major TotalEnergies  TTEF.PA  has agreed
to sell its 50% stake in oil marketing company Total PARCO
Pakistan Limited to global commodities trader Gunvor Group,
TotalEnergies said in a statement.
  
         urn:newsml:reuters.com:*:nL8N3JT1IC
  
    
    ** Japan's largest city gas provider Tokyo Gas  9531.T  said
it will buy a 21.2% stake in the WindFloat Atlantic operational
floating offshore wind power project in Portugal to gain
experience in operation and maintenance.
     urn:newsml:reuters.com:*:nL1N3JT0F1
    
    ** Macquarie  MQG.AX  will buy a data centre in South Korea
for 734 billion won ($537 million) as the artificial
intelligence boom drives demand for cloud computing and data
warehouses in the country.
     urn:newsml:reuters.com:*:nL4N3JS21H
    
    ** L'Oreal  OREP.PA  will acquire a 10% stake in Swiss skin
care firm Galderma  GALD.S  from a group of major shareholders,
the two companies said on Monday, as the French firm seeks a cut
of the profits from the booming injectable cosmetics market.
     urn:newsml:reuters.com:*:nL8N3JS079

 (Compiled by Rajarshi Roy and Priyanka.G in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))