Deals of the day-Mergers and acquisitions

WestRock Co

12/09/2023 21:51

(Adds Holtec, Chevron, Poundland)
       Sept 12 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2050 GMT on Tuesday.
    
    ** Wolverine Power Cooperative signed an agreement with
Holtec's Palisades Energy LLC to purchase power to re-open the
800-megawatt (MW) Palisades nuclear power plant in Michigan.
 urn:newsml:reuters.com:*:nL4N3AO3RO
        
  
        ** U.S. oil major Chevron Corp  CVX.N  said it has
acquired a majority stake in ACES Delta from private equity firm
Haddington Ventures, the world's largest proposed storage
facility for hydrogen from renewable energy.  urn:newsml:reuters.com:*:nL4N3AO364
  
        
  
        ** British discount retailer Poundland said it would
take control of up to 71 Wilko store leases and convert the
collapsed homeware chain's locations into Poundland branded
stores.  urn:newsml:reuters.com:*:nS8N37K07R
  
        
  
        ** Intel  INTC.O  said it has agreed to sell a stake of
about 10% in the IMS Nanofabrication business to Taiwan
Semiconductor Manufacturing Co  2330.TW . urn:newsml:reuters.com:*:nL4N3AO2PV
    
    ** Ireland's Smurfit Kappa  SKG.I  is buying U.S. rival
WestRock  WRK.N  for an agreed $11 billion to create the world's
biggest paper and packaging company and try to better navigate
weak economies on both sides of the Atlantic.  urn:newsml:reuters.com:*:nL4N3AO1CP
    
    ** Dutch commodities trading firm Vitol is selling A$714
million ($459 million) worth of shares in Australian fuel
retailer Viva Energy  VEA.AX  in a block trade, a term sheet
seen by Reuters showed.  urn:newsml:reuters.com:*:nL4N3AO22T
    
    ** Ithaca Energy  ITH.L  agreed to acquire Shell's  SHEL.L 
30% stake to take full control of the undeveloped Cambo oil and
gas field in the West of Shetland region of the British North
Sea, the smaller oil producer said.  urn:newsml:reuters.com:*:nL1N3AO0HW

    ** Australia's largest pension fund, AustralianSuper, said
it would buy a minority stake in a major European data centre
business for A$2.5 billion ($1.6 billion), its first significant
investment into data centre platforms.
     urn:newsml:reuters.com:*:nL1N3AN2U7
    
    ** AerCap Holdings NV  AER.N  said on Monday a unit of
General Electric Co  GE.N  will sell a stake worth about $2.44
billion in the aircraft leasing giant through an underwritten
public offering.
     urn:newsml:reuters.com:*:nL4N3AO16I

 (Compiled by Seher Dareen, Rajarshi Roy and Jaiveer Shekhawat
in Bengaluru)
 ((jaiveersingh.shekhawat@thomsonreuters.com;))