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
Jul 5, 2024 3:15 AM

July 5 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Friday:

** BBVA's Chair Carlos Torres told its

shareholders that he was fully confident of the success of its

12-billion-euro takeover for smaller rival Sabadell.

** The Canadian government has approved Glencore's ( GLCNF )

$6.93 billion acquisition of miner Teck Resources' ( TECK )

steelmaking coal unit with strict conditions to preserve jobs,

the country's industry minister said on Thursday.

** Saks Fifth Avenue parent HBC will acquire

department-store chain Neiman Marcus in a $2.65-billion deal,

the companies said on Thursday, giving them stronger negotiating

power with vendors and greater ability to control costs.

** Private equity firm EQT and investor Klaus-Michael Kuehne

struck a deal to jointly acquire a 35% stake in bus and train

services company Flix to fund its expansion, EQT said in a

statement on Thursday.

** Abu Dhabi National Oil Company (ADNOC) is in the

preliminary stages of exploring a possible bid for Australian

gas supplier Santos, two people with knowledge of the

plans said, speaking on condition of anonymity.

** Barclays ( JJCTF ) is selling its German consumer finance

business to Austrian bank BAWAG Group AG for a small

premium to net assets, it said on Thursday, as the British

lender aims to simplify its business.

** HSBC ( HSBC ) is attracting initial interest from peers

including BNP Paribas SA and UBS Group AG,

for the sale of its German wealth management unit, Bloomberg

News reported on Thursday, citing people familiar with the

matter.

(Compiled by Rajarshi Roy and Sneha S K 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 >
Copyright 2023-2026 - www.financetom.com All Rights Reserved