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Deals of the day-Mergers and acquisitions
May 14, 2024 2:58 AM

May 14 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Tuesday:

** Automaker Stellantis will start to sell

electric vehicles (EV) from its Chinese partner Leapmotor

in nine European countries from September to expand

its offer of budget cars, CEO Carlos Tavares said on Tuesday.

** Anglo American shareholder Aegon Asset Management

said it welcomed a proposed strategy revamp at the London-listed

mining firm, as it tries to fend off a takeover bid from the

world's largest miner BHP Group ( BHP ).

** The company behind Saudi Arabia's vast Qiddiya sports and

entertainment complex near Riyadh will take over entertainment

business SEVEN, in a bid to expedite the multi-billion dollar

project, sources told Reuters .

** UK's competition watchdog said it might accept Pennon

Group's ( PEGRF ) solutions to address its concerns over the water

utility's purchase of Sutton and East Surrey (SES) Water, paving

way for it to potentially clear the deal.

** Uber ( UBER ) announced a $1.25 billion deal to take

over Delivery Hero's foodpanda business in Taiwan and

buy new shares in the German firm in a deal that would boost

liquidity of the delivery specialist grappling with rising

competition in Asia.

** Hong Kong-listed real estate fund manager ESR Group ( ESRCF )

, currently valued at $5.4 billion, halted trading in

its shares on Monday, saying that a group of investors has

proposed to take it private.

(Compiled by Rajarshi Roy and Abhinav Parmar in Bengaluru)

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