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Deals of the day-Mergers and acquisitions
May 16, 2024 3:15 AM

May 16 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0940 GMT on

Thursday:

** Anglo American has suspended hiring globally, it

said, as it gets plans underway to simplify itself and build

value - and avert a $43 billion takeover bid by Australia's BHP

Group ( BHP ).

** Siemens will sell its Innomotics large motors

and drives business for 3.5 billion euros ($3.81 billion) to KPS

Capital Partners, the German engineering group said .

** Italy's Treasury sold a 2.8% stake in energy group Eni

on Wednesday, pocketing around 1.4 billion euros ($1.52

billion) in its drive to raise cash to bolster the country's

creaking public finances.

** Brookfield India Real Estate Trust (BIRET) has

signed a binding agreement to acquire a 50% stake in four Bharti

Enterprises properties for 60 billion rupees ($719 million),

including debt, it said .

** Australia's Incitec Pivot ( ICPVF ) said it was in

advanced talks with PT Pupuk Kalimantan Timur (Pupuk Kaltim)

, Southeast Asia's biggest urea fertiliser maker, for

the sale of its fertiliser business.

** Australia's competition regulator raised concerns on

Louis Dreyfus' proposed A$138.6 million ($92.85 million)

acquisition of Namoi Cotton as both companies supply

cotton ginning and cotton lint classing in the same country.

** New Zealand dairy giant Fonterra Co-operative is

planning a full or partial sale of its global consumer unit, its

Fonterra Oceania unit and Sri Lankan business, looking to focus

on its milk solids supply business, it said .

** Brazilian power company Auren said on

Wednesday it signed an agreement to buy the Brazilian operation

of AES Corp ( AES ) in a stock and cash deal.

(Compiled by Rajarshi Roy and Abhinav Parmar in Bengaluru)

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