Deals of the day-Mergers and acquisitions

Suntec Real Estate Investment Trust

05/12/2024 21:16

(Adds Suez Group, UniCredit, Aviva, Conagara Brands)
       Dec 5 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2100 GMT on
Thursday:

    ** France's Suez Group would help manage struggling British
utilities firm Thames Water's operations as part of a 5 billion
pound ($6.37 billion) bid tendered by investor Covalis Capital
for full ownership, the Financial Times reported.
         urn:newsml:reuters.com:*:nL3N3N61EI  
  
    
    ** Italy has limited scope to intervene in UniCredit's
 CRDI.MI  swoop for smaller rival Banco BPM  BAMI.MI  through
its "golden powers", which some ministers see as a way to have
leverage over the deal, people close to the matter told Reuters.
         urn:newsml:reuters.com:*:nL5N3N51BP
  
    
    ** Insurance company Aviva  AV.L  has sweetened its bid for
the UK's Direct Line  DLGD.L  to about 3.4 billion pounds ($4.33
billion), or 261 pence per share, Bloomberg News reported citing
people familiar with the matter.
         urn:newsml:reuters.com:*:nL3N3N617S 
  
    
    ** Conagra Brands  CAG.N , the maker of Slim Jim beef jerky
and Healthy Choice frozen meals, is looking to sell its popular
canned pasta brand Chef Boyardee, according to people familiar
with the matter.
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    ** Chilean shopping center chain Mallplaza has acquired
Falabella Peru, paying around $454.2 million at the close of a
takeover bid on the Lima stock exchange.
     urn:newsml:reuters.com:*:nL6N3N60FX
    
    ** Aelios, a Singaporean company owned by billionaire Gordon
Tang, launched an offer to buy shares it does not already own in
Suntec Real Estate Investment Trust  SUNT.SI , valuing the REIT
at S$3.39 billion ($2.53 billion).
     urn:newsml:reuters.com:*:nL3N3N60WR
    
    ** Britain approved Vodafone's  VOD.L  $19 billion merger
with Hutchison's  0001.HK  Three UK to create the country's
biggest mobile operator after their investment promises
outweighed concerns about higher customer bills.
     urn:newsml:reuters.com:*:nL5N3N6070
    
    ** Singapore Technologies Telemedia said on Wednesday
Malaysia's Mawar Setia will acquire a majority stake in the
company's U Mobile  IPO-UMOB.KL  unit, a mobile and broadband
service provider in Malaysia.
     urn:newsml:reuters.com:*:nL3N3N60PF

    ** French polling giant Ipsos  ISOS.PA  said it had decided
not to submit a binding offer for Kantar Media, days after
saying it had begun talks over a possible deal.
     urn:newsml:reuters.com:*:nL5N3N60AJ
    
    ** Australian asset manager HMC Capital  HMC.AX  said it
will buy France-based firm Neoen's  NEOEN.PA  renewable energy
generation and storage portfolio in the state of Victoria for
A$950 million ($611.61 million).
     urn:newsml:reuters.com:*:nL3N3N51JR

 (Compiled by Rajarshi Roy, Aamir Sohail and Abhinav Parmar in
Bengaluru)
 ((Aamir.sohail@thomsonreuters.com))