Deals of the day-Mergers and acquisitions

Woodside Energy

12/06/2026 14:37

Adds: ENN Energy, United Community Banks; Updates: Warburg Pincus
June 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:
     
** Chinese billionaire Wang Yusuo's plan to take full control of ENN Energy <2688.HK> through top shareholder ENN Natural Gas <600803.SS> collapsed, scuttling a deal that valued the Hong Kong-listed firm at $11.6 billion.
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** United Community Banks <UCB.N> said it would sell its equipment finance business to alternative investment firm Wafra for $1.9 billion, as the regional lender aims to sharpen focus on its core franchise.
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** Warburg Pincus plans to launch a tender offer to acquire Japanese student housing provider J.S.B. <3480.T> for $1.2 billion, the U.S. private equity firm said.
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** Rabobank, ING <INGA.AS> and Credit Agricole <CAGR.PA> are all interested in buying a stake in Belgium's state-owned bank Belfius, as the government plans a partial sale, Belgian newspapers L'Echo and De Tijd reported, citing sources.
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** Barclays <BARC.L> has agreed to buy GoHenry, a money management platform for six- to 18-year-olds, the British bank said, as it seeks to attract more business from wealthy households in its home market.
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** Woodside Energy <WDS.AX> exercised its pre-emptive right to acquire PetroChina's <601857.SS> 10.67% stake in the Browse gas fields off the coast of Western Australia, the firm said, blocking a deal agreed with Japan's Inpex <1605.T>.
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** U.S.-based investment firm Elliott Advisors has joined bidders considering a takeover of The Very Group in a deal that could value the British online retailer at £2 billion ($2.67 billion), Sky News reported on Thursday.
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 (Compiled by Rajarshi Roy and Megavarshini G. Somasundaram in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))