Deals of the day-Mergers and acquisitions

Sonae SGPS SA

29/11/2023 21:07

(Adds Rover Group, Cigna-Humana, First Quantum Minerals)
       Nov 29 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2100 GMT on
Wednesday:
    
    ** A top official of Canadian miner First Quantum Minerals
 FM.TO  told a Scotiabank conference on Wednesday it is too
early and likely too challenging to consider bringing a new
partner into its flagship Panama project due to the situation in
the country.  urn:newsml:reuters.com:*:nL1N3CU2QO
    
    ** Health insurers Cigna  CI.N  and Humana  HUM.N  are in
talks for a merger, the Wall Street Journal reported on
Wednesday, citing people familiar with the matter.
         urn:newsml:reuters.com:*:nL4N3CU400
  
    
    ** Rover Group shares  ROVR.O  surged 28% in early trading
on Wednesday after the pet care company said investment firm
Blackstone  BX.N  will take it private in $2.3 billion all-cash
deal.  urn:newsml:reuters.com:*:nL4N3CU3UG 
    
    ** Equinor  EQNR.OL  said it has agreed to sell its Nigerian
business, including the company's share in the Agbami oil field,
to Nigerian-owned Chappal Energies.  urn:newsml:reuters.com:*:nL8N3CU52H
    
    ** Elliott Management said it has taken a $1 billion stake
in refiner Phillips 66  PSX.N , and plans to seek as many as two
board seats.  urn:newsml:reuters.com:*:nL4N3CU35I

    ** KKR & Co  KKR.N  said it would buy a remaining 37% stake
in Global Atlantic Financial Group that it does not already own
for $2.7 billion in an all-cash deal.  urn:newsml:reuters.com:*:nL4N3CU2L3
    
    ** Singapore's Keppel Corporation  KPLM.SI  said its unit
Keppel Capital Holdings will acquire all issued voting shares in
European asset manager Aermont Capital in two tranches, for a
maximum sum of S$1.35 billion ($1 billion).  urn:newsml:reuters.com:*:nL4N3CU2IU
    
    ** Adobe  ADBE.O  will aim to counter EU antitrust charges
that its proposed $20 billion acquisition of cloud-based
designer platform Figma hurts competition at a closed hearing on
Dec. 8, two people familiar with the matter said .  urn:newsml:reuters.com:*:nL1N3CU0VM
        
  
    ** A consortium led by Sonae  YSO.LS , which owns Portuguese
largest food retailer, launched a tender offer on all the shares
in Finnish pet care retailer Musti  MUSTI.HE , in a deal valuing
it at 868 million euros ($952 million).  urn:newsml:reuters.com:*:nL8N3CU2VE

    ** Toyota  7203.T  and two affiliates will divest at least
8% of supplier Denso  6902.T , the companies said, a $4 billion
deal that sparked investor hopes the world's top-selling
automaker will shed more of its numerous
cross-shareholdings. urn:newsml:reuters.com:*:nL4N3CU1LI
     
    ** Malaysian telecommunications and digital conglomerate
Axiata Group  AXIA.KL  said it had decided to exit Nepal and
reclassify its mobile service unit Ncell in the country as an
asset held for sale.  urn:newsml:reuters.com:*:nL1N3CU0RA
    
    ** Gabon's national oil firm is seeking to use its right of
first refusal to acquire Carlyle's  CG.O  Assala Energy after
the private equity giant agreed to sell the business for $1.3
billion to France's Maurel & Prom, three sources told
Reuters. urn:newsml:reuters.com:*:nL1N3CU0PE
    
    ** Saudi Arabian Prince Alwaleed Bin Talal's investment
company Kingdom Holding  4280.SE  said it raised its ownership
in Citigroup  C.N  to 2.2% after acquiring from the prince a
stake in the bank worth about $450 million.  urn:newsml:reuters.com:*:nL1N3CU0KY
    
    ** French oil and gas company TotalEnergies said it had
bought a minority stake in the Xlinks Morocco-UK Power Project,
a move it said would help the company achieve its targets in the
coming year.  urn:newsml:reuters.com:*:nL1N3CU0GK
    
    ** South Africa's Exxaro Resources  EXXJ.J  said it planned
to sell its ferroalloys unit to a Black-owned business by the
end of June 2024.  urn:newsml:reuters.com:*:nL8N3CT5O2
    
    ** Chinese payments group Alipay launched a $400 million
accelerated bookbuild to sell its stake in Indian food delivery
giant Zomato  ZOMT.NS , according to the deal's term
sheet. urn:newsml:reuters.com:*:nL4N3CU0GI
    
    ** Infrastructure giant Ferrovial  FERF.AS  has reached an
agreement with two different buyers to sell its entire 25% stake
in Britain's busiest airport, Heathrow, for 2.37 billion pounds
($3.01 billion), the company said in a statement on Tuesday.
 urn:newsml:reuters.com:*:nL8N3CT6Z7
    
    ** Brazilian fuel distributor Vibra  VBBR3.SA  on Tuesday
rejected the merger proposal it received from energy firm Eneva
 ENEV3.SA , saying the exchange ratio of the offer was
"unjustifiable," while leaving the door open for new offers.
 urn:newsml:reuters.com:*:nL1N3CT397

 (Compiled by Rajarshi Roy and Abhinav Parmar in Bengaluru)
 ((Abhinav.parmar@thomsonreuters.com;))