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Deals of the day-Mergers and acquisitions
Mar 26, 2024 3:19 AM

March 26 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Tuesday:

** Belgian retailer Colruyt said it would sell

about 30% of its stake in energy company Virya Energy to Korys,

the investment arm of the Colruyt family.

** Kremlin-controlled energy giant Gazprom has

acquired a 27.5% stake, formerly owned by Shell, in

Russian liquefied natural gas (LNG) producer Sakhalin Energy for

around $1 billion, according to a government order.

** Denver state judge said on Monday that he will hear

arguments beginning on Aug. 12 in Colorado's case seeking to

block Kroger's ( KR ) $25 billion purchase of rival grocer

Albertsons ( ACI ).

** Adam Neumann has submitted a bid of more than $500

million to buy back WeWork, the office-sharing company he

co-founded and propelled to a $47 billion valuation before it

fell into bankruptcy, a person familiar with the matter told

Reuters.

** India's largest private port operator Adani Ports and

Special Economic Zone said it will buy a 95% stake in

Odisha's Gopalpur Port for an equity value of 13.49 billion

rupees ($161.74 million) to bolster its east coast presence.

** Investment firm MNC Capital said on Monday it has raised

its all-cash bid to acquire Vista Outdoor ( VSTO ) to $3 billion

from $2.90 billion.

(Compiled by Rajarshi Roy and Puyaan Singh in Bengaluru)

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