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Deals of the day-Mergers and acquisitions
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Deals of the day-Mergers and acquisitions
Sep 13, 2024 11:51 AM

Sept 13 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Friday:

** German government officials and UniCredit

bankers have held talks after the Italian lender bought a 9%

stake in Commerzbank, a German government source

said.

** Chinese group Hainan Mining's Roc Oil unit

has made a cash offer to buy Tethys Oil in a deal that

values the Swedish company at 1.89 billion crowns ($185

million), a special group of Tethys Oil's board members

said.

** Vodafone's ( VOD ) $19 billion merger with Three UK could

push up bills for millions of mobile customers and impact

providers like Sky Mobile by reducing the number of networks

from four to three, Britain's competition regulator

said.

** Singapore's Olam Agri raised its stake in

Australia's Namoi Cotton, it said , hours after

increasing its buyout offer for the cotton ginning firm to top

Dutch commodities trader Louis Dreyfus Co's (LDC)

bid.

** The world's largest online betting company Flutter

said it will buy a 56% stake in NSX Group, the

operator of Brazilian gaming group Betnacional, for about $350

million as it seeks to expand in the soon-to-be regulated

market.

** Denmark's DSV has agreed to buy Schenker, the

logistics arm of German state rail operator Deutsche Bahn, for

14.3 billion euros ($15.85 billion) in a deal that would make it

the world's biggest logistics company.

** Britain's National Grid said it had agreed to

sell its Electricity System Operator (ESO) to the UK government

for 630 million pounds ($827.95 million), including

debt.

** Britain's competition watchdog said Vodafone's ( VOD )

$19 billion merger with CK Hutchison's ( CKHUF ) Three UK could

lead to higher prices for customers and it will explore

potential solutions to its concerns before it makes a final

decision about the deal. [nL4N3KU1AO

** Private equity fund MBK Partners and South Korean zinc

producer Young Poong launched a 2 trillion won ($1.5

billion) tender offer for shares in Korea Zinc,

which the target called a "hostile" takeover

attempt.

(Compiled by Rajarshi Roy and Priyanka.G in Bengaluru)

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