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)