Deals of the day-Mergers and acquisitions

Zhaojin Mining Industry Co

03/11/2023 15:06

(Adds: Davie Shipbuilding, Cameco Corp, Consolidated
Communications Holdings Updates: Raymond, Australia's Mineral
Resources,)
       Nov 3 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1500 GMT on Friday:

        ** Canadian firm Davie Shipbuilding has completed the
purchase of Helsinki Shipyard, maker of Arctic icebreaking
vessels, from Russian-owned Algador Holdings after securing
regulatory approval, Davie said.
  
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        ** Britain's competition regulator cleared the Cameco
Corp  CCO.TO  and Brookfield Renewable Partners' $7.9 billion
deal to acquire nuclear power plant equipment maker Westinghouse
Electric.
  
         urn:newsml:reuters.com:*:nL4N3C42C3
  
        
  
        ** India's Raymond  RYMD.NS  said it would pay 6.82
billion rupees ($82 million) for a majority stake in an auto
parts maker, doubling down on its shift away from its once
mainstay textiles business into engineering and real estate.
  
         urn:newsml:reuters.com:*:nL4N3C412K
  
        
  
        ** Wildcat Capital Management, a top shareholder in
Consolidated Communications Holdings  CNSL.O , said it plans to
vote against its $3.1 billion takeover by an investor
consortium, as it undervalues the broadband services provider.
  
         urn:newsml:reuters.com:*:nL4N3C35AW
  
        
  
        ** Australia's Mineral Resources (MinRes)  MIN.AX 
bought additional shares in lithium miner Azure Minerals
 AZS.AX , raising its stake to 12.29%.
  
         urn:newsml:reuters.com:*:nL4N3C41JV
  

    ** 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).
     urn:newsml:reuters.com:*:nL8N3C41V4
    
    ** 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).
     urn:newsml:reuters.com:*:nL4N3C415N
    
    ** 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.
     urn:newsml:reuters.com:*:nL4N3C35GT
    
    ** 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.
     urn:newsml:reuters.com:*:nL4N3C32EA

 (Compiled by Rajarshi Roy and Harshita Mary Varghese in
Bengaluru)
 ((Harshitamary.varghese@thomsonreuters.com))