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Deals of the day-Mergers and acquisitions
May 1, 2024 2:47 AM

May 1 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Wednesday:

** Macquarie Asset Management, part of Macquarie Group ( MCQEF )

, has agreed to sell a 10% stake in Britain's East

Anglia ONE offshore wind farm to renewable energy asset manager

NTR.

** Allen & Overy and Shearman & Sterling said that they have

completed their long-planned merger, officially launching the

largest transatlantic law firm combination in years.

** China's Zhaojin Capital has won control of Australia's

Tietto Minerals ( TIETF ) after a protracted six months takeover

tussle that values the gold producer at A$733 million ($474.62

million), according to a regulatory filing .

** Australian retailer Woolworths said that it

would sell a 5% stake worth A$468 million ($302.84 million) in

Endeavour Group ( EDVGF ), almost three years after spinning out

the liquor store and pub operator.

** Brazilian miner Vale said on Tuesday it

concluded the sale of 10% of Vale Base Metals to Manara Minerals

for $2.5 billion, according to a securities filing.

[nL1N3H349P ]

** PG&E ( PCG ) said on Tuesday it had entered into

exclusive negotiations to sell a minority interest in Pacific

Generation to KKR & Co's ( KKR ) unit, as the utility firm seeks

funding to improve its energy grid.

(Compiled by Rajarshi Roy, Pratyush Thakur in Bengaluru)

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