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UTG - Unite News Story

1112p 5.5  0.5%

Last Trade - 14/05/21

Large Cap
Market Cap £4.43bn
Enterprise Value £5.91bn
Revenue £215.6m
Position in Universe 201st / 1826

Deals of the day-Mergers and acquisitions

Tue 30th March, 2021 12:15pm
March 30 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1115 GMT on Tuesday
    ** Chinese smartphone maker Xiaomi Corp  1810.HK  has
formally entered the automotive industry with a new smart
electric vehicle (EV) business, the company announced in a
filing. The firm will initially invest 10 billion yuan ($1.52
billion) in the wholly-owned subsidiary.  urn:newsml:reuters.com:*:nL1N2LS0L2
    ** German air shuttle startup Lilium said it would float on
the U.S. stock market via a reverse merger with Qell Acquisition
Corp  QELL.O , a blank-cheque acquisition company, in a deal
valuing the combined business at $3.3 billion.  urn:newsml:reuters.com:*:nL8N2LS0K3
    ** Indosat Ooredoo  ISAT.JK  has agreed to sell more than
4,200 telecommunication towers worth $750 million to a local
unit of Singapore's Edge Point, according to a company
statement.  urn:newsml:reuters.com:*:nL4N2LS2YY

    ** South African budget retailer Mr Price Group  MRPJ.J 
said it had received all approvals to acquire retailer Power
Fashion in a deal likely to top $105 million.  urn:newsml:reuters.com:*:nL8N2LS0YA
    ** Qatar Petroleum (QP), the world's top liquefied natural
gas (LNG) supplier, will in 2022 take full ownership of Qatargas
1, which produces LNG and related products, it said in a
statement.  urn:newsml:reuters.com:*:nL1N2LS0BU
    ** Australia's top power producer and energy retailer AGL
Energy  AGL.AX  unveiled a plan to split into a bulk power
generator and a retail business, in a bid to revive its battered
shares and lure investors who shun coal.  urn:newsml:reuters.com:*:nL4N2LR477
    **  Unite Group  UTG.L  said it had sold eight properties
for 133 million pounds ($183.15 million) to Aventicum Real
Estate, as the British student housing provider turns its focus
to high- and mid-tier universities.  urn:newsml:reuters.com:*:nL4N2LS2EW
    ** Shares of JSW Steel Ltd  JSTL.NS  rose as much as 5.12%
after the steel company completed its purchase of a rival under
a bankruptcy resolution law, paving the way for it to become the
country's biggest steel producer.  urn:newsml:reuters.com:*:nL4N2LS24P
    ** Talks on broadcaster RTL's  RRTL.DE  stake in France's
Groupe M6  MMTP.PA  are making progress and there is good
interest from several interested parties, CEO Thomas Rabe told
reporters.  urn:newsml:reuters.com:*:nL8N2LS25M
    **  South Korea's SK Innovation Co Ltd  096770.KS  said it
is considering all options including pulling its battery
business out of the United States if President Joe Biden does
not overturn a trade panel's decision against it by April 11.
    **  An affiliate of private-equity firm Apollo Global
Management Inc  APO.N  is aiming to raise $400 million in a U.S.
initial public offering, a regulatory filing showed.

 (Compiled by Amruta Khandekar in Bengaluru)
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