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Deals of the day-Mergers and acquisitions
Jul 10, 2024 3:31 AM

July 10 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 10:00 GMT on

Wednesday:

** Japan's Yokohama Rubber ( YORUF ) is in talks to buy

Goodyear Tire & Rubber's ( GT ) off-road tyre business for at

least $1 billion, Bloomberg reported on Wednesday.

** BNP Paribas has entered into a comprehensive

partnership agreement with Mistral AI covering all of its

current and future commercial models.

** Spanish gas grid operator Enagas said on

Wednesday it has agreed to sell its 30.2% stake in U.S. energy

infrastructure company Tallgrass Energy to U.S. investment firm

Blackstone for $1.1 billion.

** Saudi Arabia has raised a total of $12.35 billion from a

secondary share sale in Aramco, after the Saudi oil

giant exercised an over-allotment option, a document seen by

Reuters showed.

** Edison and Webuild have signed an

industrial partnership to develop hydroelectric pumping

projects, the Italian utility and construction groups said on

Wednesday.

** British homebuilder Crest Nicholson said on

Wednesday it may recommend to its shareholders a sweetened 701.4

million pound ($897.3 million) all-share takeover deal from

bigger rival Bellway ( BLWYF ) if the latter comes up with a firm

offer.

(Compiled by Christy Santhosh in Bengaluru)

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