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Deals of the day-Mergers and acquisitions
Jun 28, 2024 2:24 PM

(Adds: Tianqi Lithium, BBVA, Zamp, Hewlett Packard Enterprise ( HPE ),

Repsol Updates: Cinven, Nokia, Keywords Studios ( KYYWF ))

June 28 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 2000 GMT on Friday:

** China's Tianqi Lithium has asked Chile's

financial regulator to reconsider its decision about the

SQM-Codelco lithium deal not needing shareholder approval,

newspaper La Tercera reported.

** BBVA's chairman said the bank had "no need"

to improve its hostile bid for rival Sabadell, as he

vowed to push ahead with the deal despite political opposition

and regulatory uncertainty.

** Brazilian restaurant chain operator Zamp

is in advanced talks to buy the rights to operate the Subway

brand in the South American country, local newspaper O Globo

reported.

** Buyout fund Cinven has agreed to buy a 70% stake in

Idealista from Swedish rival EQT and others in a deal

that values it at 2.9 billion euros ($3.10 billion), the Spanish

online real estate firm said.

** EU antitrust regulators will decide by Aug. 1 whether

to clear Hewlett Packard Enterprise's ( HPE ) $14 billion

acquisition of networking gear maker Juniper Networks ( JNPR ),

a filing on the European Commission website showed.

** Spain's Repsol is in talks to merge its UK

North Sea oil and gas business with private equity-backed NEO

Energy, three industry sources said, the latest consolidation

effort by companies that operate in the basin amid greater tax

pressures.

** Nokia's bid to buy U.S. optical networking

gear maker Infinera ( INFN ) in a $2.3 billion deal puts the

Finnish company on track to gain from the billions of dollars in

investment pouring into data centres to cater to the rise of

artificial intelligence.

** Video game services group Keywords Studios ( KYYWF )

said it was willing to agree to a 1.96 billion pound ($2.48

billion) takeover by EQT if the private equity firm

made a formal offer at that price.

** China Three Gorges, UAE firm Masdar and

French energy companies Engie and Total are

expected to file final offers to buy Spanish renewables firm

Saeta Yield, newspaper Cinco Dias reported.

** Spanish holding company Criteria said it raised its

stake in telecom giant Telefonica to 9.99%, almost

matching the stake the Spanish government recently bought in the

company.

** Citadel will buy Japanese power firm Energy Grid in its

first acquisition in Japan and the first major U.S. investment

in Japan's wholesale energy market in recent years, billionaire

investor Kenneth Griffin's hedge fund said in a statement.

** Australia gave the go-ahead for ANZ Group's ( ANZGF )

A$4.9 billion ($3.26 billion) buyout of Suncorp's

banking business, clearing the deal to proceed after almost two

years of scrutiny by financial regulators and treasury.

(Compiled by Rajarshi Roy in Bengaluru)

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