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Deals of the day-Mergers and acquisitions
May 30, 2024 3:22 AM

May 30 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Thursday:

** Telefonica Brasil ( VIV ) said on Wednesday it was in

talks with Brazilian broadband infrastructure operator Desktop

over a potential acquisition.

** Canada's Brookfield said that it, together with

Brookfield Renewable Partners and Singapore's Temasek Holdings,

has entered into exclusive discussions to buy majority stake in

French renewable power producer Neoen valuing it at

around 6.1 billion euros ($6.6 billion).

** Banco BPM CEO Giuseppe Castagna believes there

are "no conditions today" to merge with state-controlled bank

Monte dei Paschi, he said in an interview published

with daily Il Sole 24 Ore.

** Waste management firm Renewi ( SHMCF ) plans to sell its UK

Municipal business to Biffa Ltd as it fully shifts focus to

European recycling markets in line with last year's strategic

review, the London-listed company said.

** BHP Group ( BHP ) investors welcomed the top global

miner's decision to walk away from a $49 billion plan to take

over Anglo American, which rejected three proposed

offers from its bigger rival over the past six weeks.

** U.S. commodities trader Bunge and a subsidiary of

Japan's Zen-Noh Group have agreed to buy part of a terminal at

Latin America's largest port from Rumo ( RUMOF ) for 600 million reais

($115.3 million), according to a securities filing on Wednesday.

** Brazilian rail operator Rumo ( RUMOF ) has signed a

binding agreement to sell its 50% stake in a terminal at the

Santos port to a consortium formed by Bunge Alimentos and

Zen-Noh Grain Corp for 600 million reais ($115.3 million), it

said on Wednesday.

(Compiled by Rajarshi Roy and Aatreyee Dasgupta in Bengaluru)

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