Deals of the day-Mergers and acquisitions

Wildcat Resources

31/10/2023 09:46

Oct 31 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Tuesday:

    ** Australia's Mineral Resources  MIN.AX  acquired a 19.85%
stake in Wildcat Resources  WC8.AX , a regulatory filing showed.
 urn:newsml:reuters.com:*:nL4N3C12ZL
    
    ** Vodafone  VOD.L  will sell its Spanish business to Zegona
Communications  ZEG.L  for 5 billion euros ($5.30 billion) in
the second major deal by its new CEO to revamp a company
struggling with little growth in mature markets. urn:newsml:reuters.com:*:nL4N3C127G
    
    ** The Spanish sovereign fund SEPI is evaluating acquiring a
stake in the country's largest telecom company Telefonica
 TEF.MC , it said in a filing to the stock market regulator.
 urn:newsml:reuters.com:*:nL8N3C1254
    
    ** South African fashion and food retailer Woolworths
 WHLJ.J  will buy a 93.45% stake in pet care retailer Absolute
Pets from Sanlam Private Equity and Absolute's management, it
said, stepping up a turf war for the country's affluent
shoppers.  urn:newsml:reuters.com:*:nL8N3C123N
    
    ** Siemens Energy  ENR1n.DE  is considering selling a part
of its 24% stake in Indian-listed Siemens Ltd  SIEM.NS  to
former parent Siemens AG  SIEGn.DE  to shore up its balance
sheet, two people familiar with the matter said.  urn:newsml:reuters.com:*:nL1N3C01ZW
    
    ** Asiana Airlines  020560.KS  said it would reconvene a
board meeting in early November to decide whether it should
accept a merger proposal from Korean Air that includes the sale
of its cargo operations to remedy EU antitrust concerns.
 urn:newsml:reuters.com:*:nL1N3C101W

    ** Japan's top oil and gas producer Inpex  1605.T  said it
would buy a 30% stake in Japan Suiso Energy (JSE) in a bid to
expand its clean energy usage and cut back on fossil fuels.
 urn:newsml:reuters.com:*:nL1N3C107X
    
    ** Origin Energy's largest shareholder said it plans to vote
against a Brookfield-led consortium's A$15.35 billion ($9.78
billion) takeover offer for the company, casting doubt on the
bid's future weeks ahead of a shareholder vote on the deal.
 urn:newsml:reuters.com:*:nL4N3C05HJ

    ** Top Australian wine producer Treasury Wine Estates
 TWE.AX  has agreed to a $900 million buyout of U.S. rival DAOU
Vineyards, increasing its exposure to a market that it has long
struggled to dominate amid uncertainty about stalled exports to
China.  urn:newsml:reuters.com:*:nL4N3C05BT

    ** Italy's Intesa Sanpaolo  ISP.MI  said it had bought
Romania's First Bank from U.S. private equity fund JC Flowers, a
week after crosstown rival UniCredit  CRDI.MI  also announced an
acquisition in the eastern European country.  urn:newsml:reuters.com:*:nL8N3C06UK
    
    ** EU antitrust regulators said they cleared Hitachi's
6501.T 1.7-billion-euro ($1.80 billion) bid for Thales'
 TCFP.PA  GTS railway signalling business on condition the
Japanese company sells assets in France and Germany, as it
offered to do so.  urn:newsml:reuters.com:*:nL8N3C05PQ
    
    ** Ahold Delhaize  AD.AS  has agreed to buy Romanian grocery
retailer Profi from private equity firm MidEuropa for 1.3
billion euros ($1.37 billion) in a deal that will more than
double the company's operations in Romania.  urn:newsml:reuters.com:*:nL1N3C00GM

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