Deals of the day-Mergers and acquisitions
16/01/2025 14:55
(Adds: Zijin Mining, Symbotic, Santander, Xiaohongshu)
Jan 16 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on
Thursday:
** A subsidiary of China's Zijin Mining 601899.SS
plans to buy a 24.8% stake in Zangge Mining 000408.SZ for 13.7
billion yuan ($1.87 billion) and gain controlling right in the
firm, Zijin announced in a stock exchange filing.
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** Symbotic SYM.O said it would buy Walmart's WMT.N
robotics business for $200 million in cash to help expand the
retailer's automated supply chain, sending shares of the
warehouse robotics firm up 20% in premarket trading.
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** Banco Santander's SAN.MC Mexican arm has reached an
agreement, alongside other shareholders, to sell its stake in
TransUnion Mexico, it said.
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** Backers of China's Xiaohongshu are looking to sell a
part of their stake to the likes of Tencent 0700.HK , among
others, in a deal that could value the TikTok-rival at at least
$20 billion, Bloomberg News reported.
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** Bahrain-based investment group Investcorp said it had
agreed to buy Italian alternative payments company Epipoli from
private equity Bregal Milestone and founder and CEO Gaetano
Giannetto.
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** British investment group Petershill Partners PHLL.L
said it sold its majority stake in venture capital firm General
Catalyst for $726 million.
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(Compiled by Rajarshi Roy and Sneha S K in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com;))