Deals of the day-Mergers and acquisitions

SM Entertainment Co

10/02/2023 20:49

(Adds: Airbus, ValueAct Capital Management, Kotak Mahindra
Bank, Alibaba Group, Ford, Quebecor, Orange, Telefonica)
       Feb 10 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2045 GMT on Friday :
        ** French planemaker Airbus  AIR.PA  signed an agreement
with Air India for 250 jets, as part of the Indian carrier's
jumbo deal under its new owners, Tata Group, industry sources
told Reuters.  urn:newsml:reuters.com:*:nL1N34Q229
  
        ** Telefonica  TEF.MC  and Liberty Global  LBTYA.O  are
preparing to invite bidders for a 25% stake in Britain's largest
telecoms tower company as they seek to cash in on part of their
investment, according to two sources familiar with the matter.
 urn:newsml:reuters.com:*:nL8N34P6FQ
  
        ** Orange  ORAN.PA  is set to secure EU antitrust
approval for its bid for a majority stake in Belgian peer VOO SA
after the French telecoms provider signed a deal with Liberty
Global's  LBTYA.O  Telenet  TNET.BR  to address the regulator's
concerns, people familiar with the matter said.  urn:newsml:reuters.com:*:nL1N34Q1YO
  
        ** Quebecor Inc  QBRb.TO  is in talks with Canadian
telecom giant Rogers Communications  RCIb.TO  about cutting
domestic rates for Freedom Mobile customers when they roam on
the Rogers network, the Globe & Mail reported citing sources.
 urn:newsml:reuters.com:*:nL4N34Q41T
  
        ** Ford Motor Co  F.N  has cut its stake in Rivian
Automotive Inc  RIVN.O  to 1.15%, as part of a plan to scale
down its holdings in the electric-vehicle maker.  urn:newsml:reuters.com:*:nL4N34Q3RM
  
        ** ValueAct Capital Management has taken a stake in
Spotify Technology SA  SPOT.N , at a time when the audio
streaming company is looking to cut costs.  urn:newsml:reuters.com:*:nL4N34Q3ON
  
        ** India's Kotak Mahindra Bank  KTKM.NS  said it would
acquire Sonata Finance Pvt Ltd for 5.37 billion rupees ($65.04
million) in an all-cash deal, in a push to strengthen lending to
economically weaker and underserved households.  urn:newsml:reuters.com:*:nL4N34Q39F
  
        ** China's Alibaba Group  9988.HK  has sold its
remaining stake in Indian digital payments firm Paytm  PAYT.NS 
for about 13.78 billion rupees ($167.14 million) through a block
deal, stock exchange data showed.  urn:newsml:reuters.com:*:nL4N34Q3L5
  
    ** HYBE Co Ltd  352820.KS , manager of South Korean boy band
BTS, announced a deal to buy a 14.8% stake in rival SM
Entertainment Co Ltd  041510.KQ  from its founder, escalating a
corporate battle between the godfather of K-pop and estranged
management.  urn:newsml:reuters.com:*:nL1N34Q00R
    ** Britain's Saga Plc  SAGA.L  said it was in exclusive
discussions regarding a potential sale of the underwriting arm
of its insurance business to Australian insurance group Open.
 urn:newsml:reuters.com:*:nL4N34Q1SX
    ** Roche  ROG.S  has bought 540,000 of its own shares, the
company said, as a member of its controlling family group scaled
back their investment in voting shares at the pharmaceuticals
maker.  urn:newsml:reuters.com:*:nL1N34Q0O5
    ** Icelandic bank Islandsbanki  ISB.IC  has entered
preliminary discussions with smaller lender Kvika banki
 KVIKA.IC  on a potential merger, it said in a statement late on
Thursday.  urn:newsml:reuters.com:*:nL1N34Q0PW
    ** Dutch electricity grid operator TenneT will explore the
possibility of a full sale of its German operations to the
German state to ensure sufficient investment in networks in both
the Netherlands and Germany, it said.  urn:newsml:reuters.com:*:nL1N34Q0DP
    ** First Abu Dhabi Bank  FAB.AD , the United Arab Emirates'
biggest lender, said it was not currently evaluating an offer
for Britain's Standard Chartered  STAN.L , the second time it
has quashed reports of an imminent bid.  urn:newsml:reuters.com:*:nL1N34Q09H
    ** Ethiopia has raised the size of its planned Ethio Telecom
stake sale to up to 45% of the state-owned company from 40%
previously, the finance ministry said.  urn:newsml:reuters.com:*:nL8N34Q1HV
 (Compiled by Priyamvada C, Rajarshi Roy and Granth Vanaik in
Bengaluru)
 ((Granth.Vanaik@thomsonreuters.com))