financetom
Business
financetom
/
Business
/
Deals of the day-Mergers and acquisitions
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Deals of the day-Mergers and acquisitions
Jun 24, 2024 3:19 AM

June 24 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0945 GMT on Monday:

** Italian energy group Eni expects to complete the

sale of a minority stake in its biofuel unit Enilive by the end

of 2024, Chief Executive Claudio De Scalzi said on Monday.

** Covestro's ( CVVTF ) said on Monday it would

negotiate with suitor Abu Dhabi National Oil Co (ADNOC) based on

a takeover offer of 63 euros ($67.57) per share by the Emirates'

energy company.

** Allianz Global Investors (AGI), one of the investment

arms of German insurer Allianz, has become the first foreign

company to own a stake in China's pension insurance giant Guomin

Pension.

** German property lender Aareal Bank will book a gain of

around 2 billion euros ($2.14 billion) after it sells its tech

unit Aareon to private equity firm TPG and investor CDPQ, it

said in announcing the deal.

** Carlsberg said that PepsiCo ( PEP ) has agreed

to waive a clause in its bottling deal with Britvic ( BTVCF ),

making the British firm a more attractive acquisition after a

$3.9 billion bid by the Danish brewer was rejected.

** Australian miner Paladin Energy ( PALAF ) said it had

entered into an agreement to buy Canada's Fission Uranium Corp ( FCUUF )

for an implied equity value of C$1.14 billion ($833.03

million).

** Safran has entered exclusive talks to buy

Preligens, a specialist in artificial intelligence solutions in

aerospace and defence, at an enterprise value of 220 million

euros ($235.4 million), the French jet engine maker said.

** British e-commerce firm THG has agreed to sell

its portfolio of luxury goods websites to Mike Ashley's Frasers

Group ( SDIPF ) for an undisclosed sum, it said.

** Australia's Premier Investments ( PMAUF ) said department

store chain Myer Holdings had offered to buy its

apparel brands business in an all-scrip deal, sending its shares

more than 7% higher in early trade.

** United Parcel Service ( UPS ), the world's biggest

package delivery firm, will sell its Coyote Logistics business

unit to RXO for $1.025 billion, the companies said on

Sunday.

(Compiled by Rajarshi Roy and Abhinav Parmar in Bengaluru)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved