Deals of the day-Mergers and acquisitions

Zhaojin Mining Industry Co

03/11/2023 09:58

Nov 3 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1000 GMT on Friday:

    ** Australia's Mineral Resources  MIN.AX  bought additional
shares in lithium miner Azure Minerals  AZS.AX  to raise its
stake to 12.29%, a regulatory filing showed. 
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    ** British electricals retailer Currys  CURY.L  said it will
exit Greece after agreeing to sell its Kotsovolos unit to Greek
power utility Public Power Corporation  DEHr.AT  for an
enterprise value of 175 million pounds ($214 million).
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    ** Indian textiles maker Raymond  RYMD.NS  said it will buy
a majority stake in automotive firm Maini Precision Products
Limited (MMPL)  MAPI.NS  for 6.82 billion rupees ($81.91
million), to bolster its engineering business.
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    ** Arvind Fashions  ARVF.NS  said it will sell its beauty
brands division, which retails products of LVMH-owned  LVMH.PA 
beauty chain Sephora, to billionaire Mukesh Ambani's retail unit
Reliance Retail for 990.2 million rupees ($11.89 million).
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    ** Australia's Tietto Minerals  TIE.AX  said that a takeover
offer by a unit of China's Zhaojin Mining Industry  1818.HK 
"materially undervalues" the company.
     urn:newsml:reuters.com:*:nL1N3C33OH
    
    ** Australian investment manager Regal Partners  RPL.AX 
said it agreed to buy premier financial service provider PM
Capital Ltd, which would take its total funds under management
to A$10.8 billion ($6.94 billion) on a pro-forma basis.
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    ** Bunge has filed for regulatory approvals for its merger
with crop handler Viterra in "major jurisdictions" in North and
South America, Europe and China, and has gotten the green light
from some of its smaller markets including Colombia, Chief
Executive Officer Greg Heckman said.
     urn:newsml:reuters.com:*:nL1N3C339L
    
    ** Cedar Fair  FUN.N  and Six Flags Entertainment  SIX.N 
agreed to merge to spur a post-COVID-19 pandemic recovery that
U.S. amusement park operators have been chasing, as consumers
have curbed spending due to an uncertain economic outlook.
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 (Compiled by Rajarshi Roy and Harshita Mary Varghese in
Bengaluru)
 ((Harshitamary.varghese@thomsonreuters.com))