Deals of the day-Mergers and acquisitions

Vinda International Holdings

16/05/2023 11:15

May 16 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Tuesday:

    ** Vodafone's CEO said a long-awaited 15 billion pound ($19
billion) plan to merge its British business with CK Hutchison's
 0001.HK  Three UK mobile network is "progressing" but is not
there yet, dampening hopes of a deal being imminent.
 urn:newsml:reuters.com:*:nL8N37D2BB
    
    ** Sweden's Essity  ESSITYb.ST  has kicked off the sale
process for its 52% stake in Hong Kong-based Vinda International
 3331.HK  - a maker of tissues and diapers, two sources with
knowledge of the situation told Reuters.  urn:newsml:reuters.com:*:nL4N37D1NF
    
    ** Spanish energy utility Naturgy  NTGY.MC  has agreed to
buy a portfolio of renewable energy projects in Spain from
private equity fund Ardian for 536 million euros ($590.03
million), it said.  urn:newsml:reuters.com:*:nL8N37D1QH
    
    ** Russia's government has approved a deal for Volkswagen
 VOWG_p.DE  to sell its Russian assets to autodealer group
Avilon for up to 125 million euros ($137.6 million), the
Interfax news agency reported , citing a source.  urn:newsml:reuters.com:*:nL8N37D1QL
    
    ** Automaker Stellantis  STLAM.MI  has signed a deal with
France's Faurecia  EPED.PA  and Michelin  MICP.PA  to buy a
33.3% stake in their Symbio joint venture, a fuel cell system
maker for hydrogen mobility, the three companies
said. urn:newsml:reuters.com:*:nL8N37D1QE
    
    ** Oman International Development and Investment Company
(Ominvest) is leading a consortium to acquire Ahli Bank in Oman,
according to an exchange filing.  urn:newsml:reuters.com:*:nL1N37D0EK

    ** French voucher and card provider Edenred  EDEN.PA  said
it has acquired Reward Gateway, a British company whose software
helps companies reward their staff, as it accelerates the
extension of its Employee Benefits solutions.  urn:newsml:reuters.com:*:nL1N37D0B5
    
   ** The U.S. Federal Trade Commission is expected to file a
lawsuit as early as Tuesday to block Amgen Inc's  AMGN.O  $27.8
billion deal to buy Horizon Therapeutics PLC  HZNP.O , a person
familiar with the matter told Reuters.  urn:newsml:reuters.com:*:nL4N37D085
    
    ** Shares of gas pipeline operator ONEOK Inc  OKE.N  fell
about 9% on Monday on questions about potential synergies from
its deal to acquire oil pipeline operator Magellan Midstream
Partners  MMP.N .  urn:newsml:reuters.com:*:nL1N37C3JN

 (Compiled by Rajarshi Roy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))