Deals of the day-Mergers and acquisitions

Xxl AS

06/12/2024 11:12

Dec 6 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Friday:

    ** Hong Kong-listed JD Logistics  2618.HK  will acquire the
36.43% stake it does not already own in Kuayue-Express Group for
not more than 6.48 billion yuan ($892 million), the company
said.
     urn:newsml:reuters.com:*:nL3N3N70MQ
    
    ** Britain's Guardian Media Group (GMG) and its owner the
Scott Trust have agreed to sell The Observer, the world's oldest
Sunday newspaper, to startup Tortoise Media, the two groups said
on.
     urn:newsml:reuters.com:*:nL5N3N70FW
    
    ** British insurer Aviva  AV.L  has agreed to buy smaller
rival Direct Line  DLGD.L  in a sweetened 3.61 billion pound
($4.60 billion) cash-and-stock deal that will create the UK's
largest home and motor insurer.
     urn:newsml:reuters.com:*:nL3N3N70G2
    
    ** British sportswear and fashion group Frasers  FRAS.L  
launched a bid to takeover Norwegian sporting goods retailer XXL
ASA  XXL.OL , saying it did not agree with the Oslo-listed
company's plan to issue more shares.
     urn:newsml:reuters.com:*:nL2N3N705J
    
    ** Singapore's Aelios, owned by billionaire couple Gordon
and Celine Tang, on Thursday launched a mandatory general offer
to buy shares in Suntec Real Estate Investment Trust SUNT.SI
that valued the REIT at S$3.39 billion ($2.53 billion).
     urn:newsml:reuters.com:*:nL3N3N60WR

 (Compiled by Rajarshi Roy and Aamir Sohail in Bengaluru)
 ((Aamir.sohail@thomsonreuters.com))