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Deals of the day-Mergers and acquisitions
Dec 2, 2024 3:27 AM

Dec 2 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on Monday:

** Hong Kong telecommunications company HKBN ( HKBNF ) said

it has received a rival non-binding indication from U.S. private

equity firm I Squared Capital for a possible

takeover.

** Britain's Supreme has bought out the loss-making

tea brand Typhoo Tea from administration in a 10.2 million pound

($12.94 million) deal, the fast-moving consumer products seller

said.

** Russian supermarket chain Lenta said it had

acquired Russia's second-largest chain of pharmacy stores for an

undisclosed sum, adding over 1,500 stores to Lenta's portfolio

and giving the company a foothold in Russia's cosmetics

market.

** Australia's No. 1 telecom firm Telstra Group ( TTRAF )

said it had acquired prepaid mobile services provider and

long-running network partner Boost Mobile to consolidate its

operations under one offering.

** Australian gold miner Northern Star Resources ( NESRF )

said it will buy De Grey Mining ( DGMLF ) in an all-share deal

valuing the smaller miner at A$5 billion ($3.3 billion) as high

gold prices spur consolidation in the sector.

** Swiss cement maker Holcim will exit its Nigerian

business through the sale of its almost 84% stake in Lafarge

Africa to China's Huaxin Cement in a $1

billion deal, it said on Sunday.

(Compiled by Rajarshi Roy and Aamir Sohail in Bengaluru)

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